Extractive Industries

National commitee probes gold mining operations in Kratie

The National Committee for Prevention and Crackdown on Natural Resource Crimes targeted an illegal gold mining operation in Kratie, marking the fourth such investigation in the area within a week. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/national-commitee-probes-gold-mining-operations-kratie

First gold production is to proceed despite pandemic

Renaissance Minerals (Cambodia) Ltd, a subsidiary of Australia-listed Emerald Resources NL, has reiterated that its first gold production will go as planned despite the impact of the COVID-19 pandemic. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50733884/first-gold-production-is-to-proceed-despite-pandemic/

Ministry to give mining rights for four coal sites

The Ministry of Mines and Energy is set to review applications soon for rights to four coal mining concession areas – totalling 794sq km – it opened late in March in the Kingdom’s north. ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-give-mining-rights-four-coal-sites

Further gold production on horizon for Cambodia

Renaissance Minerals (Cambodia) Ltd, a subsidiary of Australia-listed Emerald Resources NL, said it has raised more funds during the first quarter of the year, with more development activities towards gold production next year. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50718690/further-gold-production-on-horizon-for-cambodia/

Gold mine extraction expected this year with more than 40 exploration licences issued

Extraction of the first gold mines in Cambodia has been confirmed to be made within this year, as more than 40 exploration licences on non-mantel mines including gold have been issued to private companies. ...

Khmer Times Staff
https://www.khmertimeskh.com/50716170/gold-mine-extraction-expected-this-year-with-more-than-40-exploration-licences-issued/

Cambodia nets $21M from mining

Cambodia collected $21 million in non-tax revenue from the mining sector last year, up five per cent from 2018, said a Ministry of Mines and Energy senior official. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-nets-21m-mining

Cambodia hoping to produce oil this year, despite global slump

As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-hoping-produce-oil-year-despite-global-slump

Record-low oil prices to to continue

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

Harrison White
https://www.khmertimeskh.com/50713728/record-low-oil-prices-to-to-continue/

Gov’t calls for new mining exploration bids

The Mine and Energy Ministry has called on local and foreign companies to bid for mining exploration licences. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50705869/govt-calls-for-new-mining-exploration-bids/

Emerald Resources, Sprott enter credit agreement

Australia-listed Emerald Resources NL has entered into an investment committee approved term sheet with Sprott Private Resource Lending II LP to provide a $60 million facility that will be used to finance the Okvau Gold Project in Mondulkiri. ...

May Kunmakara
https://www.phnompenhpost.com/business/emerald-resources-sprott-enter-credit-agreement

Oil deal expected with Canadian firm

The government and Canadian firm EnerCam Co will soon sign an oil exploration agreement for Block VIII in Preah Sihanouk province, a senior official at the General Department of Petroleum said on Monday. ...

Thou Vireak
https://www.phnompenhpost.com/business/oil-deal-expected-canadian-firm

As KrisEnergy gears up to produce Cambodia’s first drop of oil, it has been besieged by creditors

The company told shareholders that it will appear in court in Singapore next Monday to request a second three-month extension to a debt moratorium. The moratorium has been in place since August, when KrisEnergy began efforts to restructure its debt load, which stood at $476.8 ...

Khmer Times Staff
https://www.khmertimeskh.com/50693541/as-krisenergy-gears-up-to-produce-cambodias-first-drop-of-oil-it-has-been-besieged-by-creditors

KrisEnergy to sell Vietnam oil block and focus on diversion to Cambodia field

Singaporean oil and gas company KrisEnergy has decided to give up one of its oil exploration blocks in Vietnam to focus on its operations in Cambodia. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50692143/krisenergy-to-sell-vietnam-oil-block-and-focus-on-diversion-to-cambodia-field

Chinese company granted licence to explore Block D

Chinese-owned Cambodian Resources Energy Development Co Ltd has been granted a three-year exploration licence in the Gulf of Thailand’s Block D, off the coast of Cambodia, a senior official at the General Department of Petroleum told The Post on Thursday. ...

Thou Vireak
https://www.phnompenhpost.com/business/chinese-company-granted-licence-explore-block-d

Black gold on the horizon

The Ministry of Mines and Energy signed  a petroleum agreement with Cambodia Resources Energy Development Co on exploration of the offshore Block D oilfield. “Signing the agreement allows the company to conduct studies and search for oil in Block D,” Cheap Sour, director-general of Petroleum ...

Chea Vannak
https://www.khmertimeskh.com/50690818/black-gold-on-the-horizon

Hopes for a glittering future: Ministry

Renaissance Minerals, a subsidiary of Australia-listed Emerald Resources, is scheduled next year to begin mining gold in Cambodia’s Mondulkiri province, according to the Ministry of Mines and Energy. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50690819/hopes-for-a-glittering-future-ministry

Okvau gold project funding to add $51M

Australian-listed mining firm Emerald Resources NL on Monday announced plans to raise A$75 million (US$51 million) in funds for its Mondulkiri-based Okvau gold project with two placements of 1.875 billion new shares. The first is an unconditional placement for approximately A$30.5 million and the second ...

Thou Vireak
https://www.phnompenhpost.com/business/okvau-gold-project-funding-add-51m

LNG imported from China to Cambodia

Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market. The company’s officers said the cooperation is to import the LNG to supply  demand in the ...

Chea Vannak
https://www.khmertimeskh.com/50680059/lng-imported-from-china-to-cambodia

Dredging suspended in Banteay Srei district

Sand-dredging was suspended in Siem Reap province’s Banteay Srei district on Monday after it was found that unlicensed operations had polluted creeks, leaving fish dead and impacting residents. Banteay Srei district governor Khim Finan told The Post on Tuesday that it had been found that ...

Voun Dara
https://www.phnompenhpost.com/national/dredging-suspended-banteay-srei-district

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