Executive Director, Vincent Siow, announced this during the revised mining memorandum of agreement (MOA) signing last week.
“Next month onwards, we will be starting full production,” said Siow.
However, he highlighted that the equipment at the mine was quite old and they needed to re-equip the operations.
In 2008, Petromin, now Kumul Mineral Holdings Limited, acquired TGM however, the mine had incurred losses of over K170 million and relied solely on funding from Petromin.