Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

Quarrying
CMS Quarries Sdn Bhd and CMS Penkuari Sdn Bhd produce
granite, microtonalite and limestone aggregates. Their operating
quarries at Stabar, Penkuari, Akud, Sebuyau and new quarry at
Sibanyis have a combined annual rated capacity of 3.15 million
MT. CMS’ group of quarries is a substantial player commanding an
approximately 23% market share for stone aggregates sold in Sarawak.
CMS Quarries and CMS Penkuari posted a
combined PBT of RM12.79 million for the year
ended 31 December 2011 which was higher
than 2010, refl ecting the additional production
capacity brought on stream at Sibanyis and the
provision of additional value-added services to
customers such as stoning, grading, compacting
and delivery.
On 1 July of 2011, CMS Quarries had successfully
commenced full commercial operations of its
newest quarry at Gunung Sibanyis which is
located at Mile 15, Kuching-Serian Road. The
rock at Gunung Sibanyis is microtonalite, a hard
igneous rock. The proven stone reserves at Gunung Sibanyis are approximately 69 million MT based
on independent geological reports. The stone reserve at Gunung Sibanyis is expected to last more
than 100 years (deep seated intrusive microtonalite rock) based on existing annual quarry plant
capacity of 900,000 MT.
In view of the Sibanyis quarry’s strategic location to the large and growing markets in the Kuching and
Samarahan Divisions coupled with easy access to a dedicated jetty in Pending for outstation sales,
CMS Quarries will continue to play an important role to ensure a steady supply of good quality stone
aggregates at competitive prices to meet the demand throughout Sarawak.
Annual Report 2011 27