BOTHELL (Yosefardi) – Borneo Resource Investments Ltd., a mining company that mines gold and develops producing gold mining properties in Indonesia, is building its second processing area to extract more gold from ore at its Ratatotok South property.
Borneo expects this infrastructure expansion will triple the Company’s gold production at the property.
Borneo acquired Ratatotok South, one of its three contiguous Ratatotok properties, in December 2013 through its subsidiary PT Puncak Kalabat.
The 8.5 hectare property, located in the middle of a well-established gold reef area, became the Company’s second producing gold mine.
Borneo started mining the property shortly after its acquisition and completed its first full production run in May 2014.