Borneo Resource Investments, announced today that it has commenced discussions on the possible acquisition of a sizeable existing gold mining operation in the Philippine Province of Viscayas. The property, comprising 52 mining claim blocks, is characterized by quartz vein and pyrite type gold deposits mineable down to a depth of over 500 metres. A [...]
Borneo Resource Investments announced that, following successful completion of a test run last month, it has commenced full production at its recently completed leach pad on the 8HA property acquired late last year. In announcing this development, Nils Ollquist CEO commented, "We are pleased that the commitment, in terms of both investment and [...]
Borneo Resource Investments today announced that it has completed a new website which is now available for viewing under the URL www.borneoresource.com. In announcing the new website, CEO Nils Ollquist commented, "The last six months have been a tumultuous period for both our investors and ourselves with significant changes to our business. Our new [...]
Borneo Resource Investments today filed its quarterly report on Form 10Q. In response to this quarterly filing, Nils Ollquist, Chairman and CEO, commented: "The filing of this quarterly report effectively concludes what has been a turbulent period for our Company that was an unfortunate byproduct of an aggressive program of restructuring and [...]
Borneo Resource Investments, announced that it is close to completing an agreement pursuant to which a Chinese‑based investor group will invest a total of US$3 million in the Company through the purchase of common shares before the end of the second quarter. This investment is being made in conjunction with the Company's recently announced proposal [...]
Borneo Resource today announced that it has entered a preliminary agreement, under which it will be pursuing a dual listing of the Company's stock on the GEM Board of the Hong Kong Stock Exchange. Under the preliminary agreement, the Company's Hong Kong based financial advisor, Yuan Asset Management, a registered financial advisor pursuant to the [...]
Borneo Resource Investments today announced that work has commenced on the construction of a 10,000 ton leach pad on the recently acquired property adjacent to the original 2,500 ton facility. Site clearing work has commenced and is expected to take approximately 2 weeks, following which, the leach pad and associated infrastructure including [...]
Borneo Resource Investments today announced financial results for the quarter ended September 30, 2014. Revenue was up for both the third quarter of 2014 and year-to-date. Revenue increased 7.7% in the third quarter to $546,927. On a year-to-date basis, revenue increased over 100% to $1,485,483, reflecting new operations at Borneo's Ratatotok [...]
Borneo Resource Investments today announced it has completed building its second processing area to extract gold from ore at its Ratatotok complex. The Company has also commenced production at this new heap leach processing area which has the capacity to process 5,000 metric tons of ore per month. The Company's Ratatotok complex previously had one [...]
Borneo Resource Investments today announced that the latest production run at its Ratatotok South site has exceeded 2 kilograms of gold on a heap leach base of 2,500 metric tons of ore. In announcing this result, Borneo CEO Nils Ollquist stated, "We have been steadily building our output levels from our first heap leach base since trials began [...]
Borneo Resource a mining company that mines gold and develops producing gold mining properties in Indonesia, today announced it 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 [...]
Borneo Resource Investments today announced it has repaid in cash its third and only remaining convertible note with Asher Enterprises, Inc., with a principal amount of $42,500, before any conversion of the note into common stock. Borneo had previously announced that it had repaid its two prior convertible notes to Asher Enterprises including one [...]
