Infrastructure group Road Builder (
Malaysia) Holding is in talks with
Australia's Grange Resources Limited in an effort to build a MYR 1.8 billion ($491 million)
iron ore pellet plant in Northeastern
Malaysia.
Grange last month launched an international tender to form a joint venture for the project in Kemman, Terengganu.
Road Builder Executive Vice Chairman Mr. Chua Hock Chin said “As a local contractor, we are more familiar with local costs and we have provided Grange significant inputs to maximize the cost-effectiveness of their projects”.