Southern Alliance Mining Ltd. is a Malaysia-based company, which is engaged in investment holding and provision of management services. The Company is a high-grade iron ore producer. The Company is involved in the exploration, mining and processing of iron ore for subsequent sale. It sells iron ore concentrate of low level of impurities with a total Fe grade of between 62% to 65% to steel mills and trading companies mainly located in Malaysia and China, and pipe coating materials that are crushed iron ore with a natural characteristic of a higher density for subsea pipes. Its primary mining asset, the Chaah Mine, is an open mine pit consisting of two mining leases and covering an aggregate area of over 225.7 hectares. The Chaah Mine is strategically located near existing road networks to ports. In addition to the Chaah Mine, the Company has also been granted the right to carry out exploration and mining operations at five potential iron ore mines located in Johor, Malaysia.
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