Borneo Oil to look for gold in Pahang


An internal study by Prof Li Szehuan of Champmark had estimated a potential of 30 tonnes of both indicated and inferred gold reserves.

KUCHING: Borneo Oil Bhd plans to invest up to RM15mil in a new plant and equipment, as well as exploration works, in its new venture in gold-mining activities in Pahang.

Executive director Raymond Teo Kiew Leong said wholly-owned unit Borneo Oil & Gas Corp Sdn Bhd (BOG) had installed and commissioned the first phase of a mining plant and equipment last month.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Gold

   

Next In Business News

IT buoys GDEX’s confidence
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact
Powering on data centres
CMM seeks feedback on Sector Guides for ESG disclosures

Others Also Read