Jade Marvel is diversifying its list of businesses to now minerals processing and solutions with a Chinese partner, Shandong Xinhai Mining Technology & Equipment to establish a strategic alliance between the parties to collaborate and explore the business opportunities.
With the MOU both parties are will be looking to leverage on each other’s strength to set up a processing plant in Malaysia. Xinhai is founded in 1997 and is a turn-key solutions provider for mineral processing plants, including design and research, machine manufacturing, equipment procurement, management service, mine operation, mine materials procurement & management as well as industry resources integration. To date, it has successfully undertaken numerous mine projects, mineral processing EPC+M+O (Engineering, Procurement, Construction and Management and Operation) projects, with overseas offices in Asia, South America and Africa.
A wholly-owned subsidiary of Jade Marvel, Jadem Trading which will be undertaking the project has been interested in venturing into mineral processing and is looking into setting up a mineral processing laboratory in Kuantan, Pahang. Xinhai which has a mineral processing laboratory plant Xinhai will provide its expertise in its setting up a mineral processing laboratory here with modern advanced testing equipment using multiple testing or processing methods with supporting facilities.
Both Parties will leverage each other’s networking and marketing strengths to jointly develop customers base in Malaysia and to provide EPC service for the construction of mineral processing plants and sale/commissioning of equipment to small and medium-sized mining companies and mine owners in Malaysia.
With Xinhai’s ability to develop, manufacture and supply various types of standalone mining equipment and/or small production lines for mining, crushing, grinding, mineral processing, material transportation, filter press dehydration, etc., both parties intend to work together to supply a full range of mining equipment and products to Malaysian mining companies and mine owners to meet local mining production needs through Jadem Trading acting as Xinhai’s distributor in Malaysia.
The distributorship may be upgraded at a later stage to exclusive or sole distributorship should the sales meet the targets which are agreed by both parties.
