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Wednesday 9 November 2016

获准彭亨5区采矿后婆罗洲石油展开掘金 BornOil to carry out mining works at five sites in Pahang


随着签下生产共享合约(PSAs)后,婆罗洲石油(BORNOIL,7036,主板贸服股),如今致力于转型为采金业者。

婆罗洲石油获准在彭亨5个占地1500公顷的地区开采金矿。

该集团执行董事张玖良(音译)表示,其中两地的基建及发展设施已经相当完善,不需承担额外成本,因此省却了在基设与开采前的资本开销。

他在一份声明中表示:“因此,我们节省了大量的资本支出,例如在基础设施和开采前的准备工作。”

谈起业务展望,张玖良表示,现在是进军金矿开采业大好时机,希望成为我国主要采金业者。


令吉贬值利好

他指出:“令吉汇价疲弱对我们非常有利,因为生产成本是以令吉计算,但是卖出的黄金是以美元计算。

金价2015年9月24日最近升至近6周来最高,成了投资者在全球汇率波动和不稳定股市中的“避险天堂”。


此外,张氏还估计,位于马拉坡(Merapoh)和武吉依班(Bukit Ibam)的冲积矿(Alluvial ores),分别拥有30万和50万吨冲积矿(Alluvial ores),再加上尾矿库存(tailing inventories)分别有170万吨和160万吨。


这些可用矿石或尾矿将使婆罗洲石油在未来3年保持忙碌,并继续通过上述2个矿场的勘探计划,来寻找坚硬的岩石矿脉黄金。

他透露:“一旦经由独立的第三方地质学家,对该冲积矿和尾矿的黄金含量进行初步评估及证实后,我们将会作出适当的公布。”




BornOil to carry out mining works at five sites in Pahang


BornOil executive director Raymond Teo said progress has been encouraging and that production sharing agreements secured are the start of bigger things to come.

"We are fast reinventing our company as a proxy for the Malaysian gold mining industry," said Teo.

From an operations perspective, he said the timing of the company's entry into gold mining couldn't be more ideal.

He said the weakening ringgit has worked in BornOil's favour as the direct cost of production has gone down (since production cost is incurred in ringgit).

To-date, BornOil has signed exclusive production sharing agreements to carry out mining works at five sites on 1,500ha in Pahang. The mining arrangements do not carry any acquisition cost as infrastructure and development facilities were already in place at the two sites.

As a result, BornOil saved a great deal on capital expenditure in terms of infrastructure and pre-mining preparations, said Teo.

Gold prices recently ran up to a six-week high as investors globally sought the commodity as a safe haven amid the backdrop of currency uncertainties and falling stock markets.

On August 2015, HSBC in a report predicted that the price of gold will rise by some 10% by the year-end to US$1,225 an ounce. Gold closed at US$1,135 an ounce 

Teo also estimates that there are low hanging fruits in the form of available alluvial ores of about 300,000 tonnes at Merapoh and 500,000 tonnes at Bukit Ibam, together with a combined tailing inventories of 1.7 million tonnes at Merapoh and 1.6 million tonnes at Bukit Ibam.

These available ores/tailings will keep BornOil busy for the next three years, while the quest for hard rock lode gold will continue through an exploration programme on both the areas, he elaborated.

Preliminary assessments have been conducted on the volume and grades of gold on both the alluvial and tailings and, once confirmed independently by a third party geologist, an announcement will be made by the company.

Meanwhile, BornOil shareholders have approved the company's renounceable six-for-one rights issue together with free detachable Warrants on the basis of one warrant for every two rights shares subscribed to.

BornOil's substantial shareholders Victoria Ltd and Hap Seng Insurance Services Sdn Bhd have subscribed in full for their respective entitlements. - Bernama

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