KUALA LUMPUR: London-listed Malaysian gold miner Peninsular Gold Ltd has invested RM60mil in the East Coast Economic Region (ECER) to build a plant in Raub, Pahang, that will be able to extract 85% of the gold residue left in mine tailings. Peninsular, listed on London's Alternative Investment Market, was tapping into soaring global gold prices which hit a record high last week of US$868 an ounce, the secretariat said. Peninsular is a gold mining company with projects located in the vicinity of Raub, which is known its gold mining activities.
(10-1-2008 The Star)
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