Welcome to Borneo Resource Investments Ltd. (Ticker Symbol: BRNE)
Borneo Resource Investments is a mining company that is currently mining two producing gold mines, while it develops additional producing gold properties and coal assets in the Republic of Indonesia.
Cash flow producing gold properties help fund operations and investments in gold, while the Company pursues longer term investments in thermal “coal concessions,” which are properties that can be mined for coal.
Borneo has strong relationships with local miners in Indonesia, creating unique access to mining opportunities in the country, which was ranked the 8th largest gold producing nation in 2012. The Borneo region of Indonesia is one of the world’s largest areas of high grade thermal coal reserves, with $25 billion in exports in 2012.
Borneo is publicly traded on the U.S. OTCQB under the ticker BRNE. The Company currently owns four gold properties and one coal concession. Borneo is currently mining two of its gold properties, with two more slated to begin production in the third quarter of 2014.