Launching the National Mineral Industry Transformation Plan 2021-2030, Muhyiddin said the industry contributed some RM9.9 billion in 2019, only 0.7% of the GDP.

However, he said the value of minerals and mineral-based products was estimated to be RM90.96 billion, adding that there was major global demand.

“The process of developing the country received significant impact from the growth in mineral mining activities in the past, especially tin, which led to the creation of big cities like Kuala Lumpur, Seremban and Ipoh.

“This industry doesn’t just depend on the quantity of mineral resources we have but also our intelligence in taking advantage of the high global demand.

“This can be done with infrastructure that supports the industry’s development, sufficient human resources and the use of modern technology to increase productivity,” he said.

He said the industry could potentially offer more than 15,000 jobs, while expressing confidence that Malaysia could eventually compete with big nations like the US, France, Japan, China, Australia and Canada in this sector.

“This goal requires the close cooperation of the government, industry, academia, organisations and the general public,” he said.

Muhyiddin said Putrajaya will develop the industry in a sustainable and responsible manner, adding that it was aware of the need to take care of the environment.

While acknowledging the positive impact the sector would yield for the economy and the nation, he maintained that the government would not allow activities in the industry to be conducted without any control.

“As a government that cares and takes responsibility, a lot of attention will be given towards creating an ecosystem for the industry that can benefit all,” he said.