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.