Demand seen for limestone
The group expected great demand for aggregates and other construction materials with the ongoing construction of the Pan Borneo Highway project. Phase one of the project involves construction and upgrading of 706km of road estimated to cost RM12.8bil.
KUCHING: Borneo Oil Bhd 
is banking on the Sabah portion of the Pan Borneo Highway project and the soon-to-be commissioned cement plant, the first in Sabah, to bolster the sales of limestone.
The company has recorded a sharp drop in the sales of limestone, which stood at 100,986 tonnes in first quarter ended Sept 30, 2018 from 435,000 tonnes in the preceding quarter.
As part of its expansion into limestone mining and related activity, wholly-owned subsidiary Borneo Oil & Gas Corp Sdn Bhd acquired a 5.38ha quarry in Lahad Datu, Sabah, for RM47mil last year.
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