Borneo Oil to invest more in Pahang


KUCHING: Borneo Oil Bhd, which is expected to commence gold mining activities soon in a second area in Pahang, plans to invest an additional RM40mil to step up its mining operations in the state.

According to executive director Raymond Teo Kiew Leong, land clearing is underway and mining equipment is being mobilised to facilitate the mining of alluvial gold and tailings at Bukit Ibam, Rompin district, in the current quarter.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

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.

Business , Borneo oil

   

Next In Business News

ACE Market-bound Winstar Capital targets RM19.79mil from IPO
Pharmaniaga anticipates further growth for concession segment
Maybank records higher net profit of RM2.54bil in 3Q
E&O expects sales momentum to continue
Matrix Concepts registers new sales of RM341.7mil in 2Q
KLCI gets big lift from IHH, PetDag
Companies that might be affected by Trump's promised tariffs
PETRONAS Dagangan share price surges on strong 3Q net profit
Ringgit opens lower against US$ as DXY rebounds
FBM KLCI continues to see upside momentum

Others Also Read