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Author: Admin | 2025-04-28
Our History A site was purchased in Butterworth and the smelting works officially began operations in 1902. 1902 The Butterworth Smelting Works started up after war with 3 large furnaces. 1955 Incorporation of Malaysia Smelting Corporation Berhad for the purpose of taking over STC's tin smelting business. 1978 MSC takes over STC's smelting business as a joint venture between STC and MMC with equity interest of 58% and 42% respectively. 1982 MSC successfully listed on the Main Board of the Kuala Lumpur Stock Exchange with a paid up capital of RM 75 million. STC and MMC interest reduced to 37.45% and 37.44%. MSC achieved the distinction of being the first tin smelter in the world to be accredited to ISO 9002. 1994 MSC won Product Excellence Award from the Ministry of Domestic Trade and Industry of Malaysia for MSC high purity 4 Nines tin. 1997 MSC acquired 40% equity in Redring Solder Sdn. Bhd., a downstream solder (tin based alloy widely used for joining and semi conductor applications in the electrical and electronic industries. 1999 Acquisition of PT Koba, an upstream tin mining operation in Indonesia 2002 Entry into Australia through the acquisition of 30% interest in Marlborough Resources NL (now known as Australia Oriental Minerals NL). Incorporation of a wholly owned subsidiary, PT MSC (I), to undertake major exploratory works in Indonesia. 2003 Acquistion of a 100% interest in Rahman Hydraulic Tin Sdn. Bhd., the largest and one of the oldest tin mine in Malaysia. 2004 MSC becomes a subsidiary of The Straits Trading Company Limited (STC) as a result of an unconditional take-over offer by Straits Trading Amalgamated Resources Sdn Bhd ("STAR (M)"), a wholly owned subsidiary of STC. 2005 The group adopted diversification strategy and made strategic investments in nickel, gold and coal. Among the successful investments made in 2007 include Asian Mineral Resources Limited which owns the Ban Phuc nickel project in Vietnam and Beaconsfield NL which owns operates an underground gold mine in Tasmania. 2007 The Group made further strategic investments in a polymetallic mine (Rapu Rapu) in Philippines and subsequently in Asiatic Coal Private Limited, which owned a coal concession in Indonesia. 2008 As a result of global economic crisis and financial meltdown which hampered the Company’s intent of raising fund via rights issue, the Group decided to reposition itself to focus on its original core business of tin and strengthen its global niche to achieve a sustainable long term growth in earnings in the tin sector and initiated divestment of the Group's non-tin investments and asset to be implemented over a period of three years. 2010 Secondary listing on the main board of Singapore Exchange (SGX-ST) with an issuance of 25 million new
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