Peninsular Invests RM60m in ECER

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.
— Malaysia Property News Today