Canadian gold producer sells Malaysian copper, iron project

Photo: Monument Mining

Canadian gold producer Monument Mining has signed a deal to sell a 100% stake in its Malaysian offshoot to Fortress Minerals. Under the contract, the business will sell its interest in Monument Mengapur (MMSB) which owns a 100% stake in the Mengapur copper and iron project.


Cathy Zhai, President and CEO of Monument Mining, said in a statement she was “very pleased to announce the signing of the Definitive Agreement for the Mengapur Project. This is a part of our corporate restructuring that will spin off the base metal project and allow us to focus on the development of our gold portfolios in both Malaysia and Western Australia”.


Monument Mining says it operates the Selinsing gold mine in Malaysia. In addition to the Mengapur copper and iron project, the firm’s other ventures include the Murchison gold projects in Western Australia, according to data from the miner.