What is the total value of tenders Minetech Resources Bhd is currently bidding for?

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Minetech Resources Bhd is actively pursuing tenders valued at RM1.2 billion.

Minetech Resources Bhd is currently engaged in bidding for a substantial portfolio of tenders, collectively valued at RM1.2 billion. These bids are concentrated within the energy sector, as well as the engineering, procurement, construction, and commissioning (EPCC) segments. The company anticipates that this strategic diversification will enhance its financial performance over time.
Energy and EPCC Sector Bids

The company's active pursuit of tenders encompasses both the energy industry and the EPCC sectors. This diversification is expected to bolster Minetech's tender and order books, ultimately contributing positively to its financial results. The Chairman, Datuk Awang Daud Awang Putera, highlighted that these two segments offer broader opportunities compared to the company's traditional business focus.
Potential Contract Securement

Minetech Resources Bhd is optimistic about its prospects in securing a portion of these ongoing tenders. Executive Director of Finance, Abdul Farid Abdul Kadir, expressed confidence that the company could secure at least RM130 million from the total RM1.2 billion in contracts currently being tendered. This projection underscores the company's strategic focus on expanding its market presence through these new ventures.
Exploration of New Markets

Beyond its current bidding activities, Minetech Resources Bhd is also exploring opportunities in international markets, including Kazakhstan. This expansion is driven by the significant, yet largely untapped, development potential in these regions. The company has identified partners in these new markets, facilitating its efforts to penetrate and establish a presence. Furthermore, Minetech sees new market potential in Indonesia, stemming from an agreement with a local partner who owns a coal mine.

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What is the total value of tenders Minetech Resources Bhd is currently bidding for?

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