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Despite lacking significant domestic reserves, Singapore serves as a crucial hub for the Southeast Asian minerals and mining market. In 2021, it imported $83.9 billion worth of mineral products, ranking 18th globally in exports with a value of $47.5 billion.
The Singapore government plays a significant role in driving demand for minerals and mining products and services. Its procurement processes adhere to high standards of transparency and accountability.
Major minerals procured by the government include sand, granite, limestone, and clay, used for construction and infrastructure projects. Other essential products and services include mining equipment, exploration services, and environmental consulting.
The Ministry of National Development and the Housing & Development Board are major players in mineral procurement. Additionally, agencies like JTC Corporation and the Land Transport Authority also participate.
Leading companies awarded government contracts include established players like CRH, Holcim, and Lafarge. Local players like Jurong Cement and Sembcorp Industries also secure significant projects.
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