KINIBIZ As controversy rages on over the effects of bauxite mining in Pahang, the state crown princess’ apparent support for the anti-bauxite lobby may cast an awkward situation as her husband has indirect interest in bauxite mining activities.
On Jan 4, 2016, Tuanku Azizah Aminah Maimunah Iskandar reportedly shared on her Instagram account multiple newspaper clippings on the issue while urging the public to continue the “fight”. “I have been frothing in the mouth speaking about this. I too have a home in Pantai Balok and the beach in front of our home is now red.”
Third daughter of the late Sultan Iskandar of Johor, Tuanku Azizah Aminah is the first wife of Pahang crown prince Tengku Abdullah ibni Sultan Ahmad Shah. They wed in 1986 and have six biological children, although one has passed away.
In turn Tengku Abdullah holds direct and indirect interest totalling 36 percent in Bursa Malaysia-listed Tanah Makmur Bhd, according to a regulatory filing on Dec 11, 2015. Tanah Makmur is a plantation-based company that also derives some income from bauxite-related business activities that commenced in April 2014.
For the third quarter ended Sept 30, 2015 (3Q15), Tanah Makmur posted RM99.9 million in quarterly revenue and RM25 million in pre-tax profit. Of these, RM20.9 million in turnover and RM8.2 million in pre-tax profit came from bauxite mining operations on land held by its property development division.
For the 2014 financial year (FY14), Tanah Makmur saw a 60 percent revenue increase year-on-year to RM386 million, of which RM86 million came from bauxite mining.
According to Tanah Makmur’s 2014 annual report, total tonnage of bauxite deposits on its land is estimated at 1.4 million tonnes. Since April 2014 it has exported 684,389 tonnes of washed bauxite up to Dec 31, 2014.
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