Mining

Industrial mining

Cambodian king visits Vietnam to cement bilateral ties

Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...

http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm

Angkor Gold Corp. Acquires the Andong Meas Concession in Cambodia

Angkor Gold Corp. (TSXV:ANK4) acquired Liberty Mining ad Transol Mining, owners of the 209 square kilometre Andong Meas concession in Cambodia. As quoted in the press release: “The Acquisition results in two significant accomplishments. First, it adds 100% ownership of an entirely new 209-square kilometre concession known ...

http://goldinvestingnews.com/27883/angkor-gold-corp-acquires-the-andong-meas-in-cambodia.html

PTT offers $960 mln to buy out Sakari to increase coal assets

Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel On Aug. 13, Sakari announced a joint venture with the Royal Group of ...

http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827

Villagers Dig for Treasure as Gold Fever Hits Takeo Province

a gold rush came to Angkor Borei district over the weekend, with dozens of villagers trying their hand at treasure hunting after word got out that there was gold to be found in the soil of a newly dug road in Prek Phtorl commune. The area ...

Official Arrested After Blocking Land Program

The former deputy administration director from Kratie province was arrested yesterday, accused of incitement for interfering with the work of student volunteers in Prime Minister Hun Sen’s land-titling project, an official said. Chin Hongsry, 60, is accused of undermining the volunteers by telling the villagers to ...

Cambodia Proposes New Initiatives For Green Tourism

In line with Royal Government policy determining tourism as the Green Gold, 2011 is the year that we commenced mainstreaming the green tourism concept to all stakeholders. Cambodia started some new initiative to inspire green tourism in the country. “The Clean and Green Concept is basically ...

Service sector eyes AEC's pot of gold

Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...

http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold

Mining Firm With Local Licenses Sees Investment

BlackRock Inc., the world’s largest investment firm, has purchased a multi-million dollar stake in a mining firm with a gold exploration licenses in Cambodia. Stephen Promnitz, CEO of Indochine Mining, which is listed on the Australian Stock Exchange and holds a gold exploration license in Kratie ...

Firms Go to Arbitration Over Failed Gold Mining License Deal

Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...

Firms Go to Arbitration Over Failed Gold Mining License Deal

Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...

Firm says gold deposit discovered in Mondolkiri

Renaissance Minerals announced Friday it has discovered a high-grade gold deposit in an area in Mondolkiri province that lies within the Australian firm’s Cambodian Gold Project. The new find is located about 500 meters to the northeast of the company’s Okvau exploration zone. The announcement comes ...

Cambodia Cancels Concessions Threatening Forests

Cambodia annulled licenses to four private firms whose concession of 40,000 hectares threatens Prey Lang, one of the richest national forests. A letter from the Council of Ministers to the Ministry for Agriculture, Forestry and Mining, in charge of managing the forests and the natural resources, ...

Group discovers illegal logging

An expedition to expose illegal logging uncovered about 50 hectares of clear-felled forest yesterday that activists from the Prey Lang Community Network have filmed and photographed to lobby government officials, a group representative said. Chum Yin said more than 60 villagers had traveled to seven villages ...

http://www.phnompenhpost.com/index.php/2012081457970/National-news/watchgroup-discovers-illegal-logging.html

Graft claims over mining revenue

Political activists and watchdog organisations say Cambodia’s US$13 million revenue from the mining sector over the last five years is exceedingly low and that the government must be more transparent. The claims come after the Ministry of Mines, Industry and Energy (MIME) released its figures on the mining ...

http://www.phnompenhpost.com/index.php/2012080857868/Business/lack-of-transparency-over-mining-revenue.html

Australia Mine Company drills diamond in Cambodia

Renaissance Minerals Limited listed in ASX (Australian stock exchange under code: RNS) on June 26 announced the results of its first three drill holes from its inaugural diamond drilling program at the highly prospective Okvau Gold Deposit in Cambodia. An existing independent JORC-compliant indicated and inferred resource estimate has already been defined at the Okvau ...

http://thesoutheastasiaweekly.com/

Mining firm expects quick silver exploits

A mining outfit in Battambang province will begin copper and silver extraction within two years, the company’s chief executive said yesterday. Wild Bull Resources, an Australian firm partnering with local miner Angkor Thumopich Resources (ATR), would join a small group of companies claiming a quick turnaround ...

http://www.phnompenhpost.com/index.php/2012062556990/Business/mining-silver-exploits.html

Chinese Iron Ore Firm Paid for New CPP District Office

A Chinese mining firm has donated about $200,000 toward the building of a new district headquarters for the ruling CPP in Preah Vihear province, officials said yesterday. Kong Makara, director of the provincial industry, mines and energy office, said that Chinese company Cambodian Iron Holding and ...

Gold Being Sold Fast as Int’l Price Drops

The falling price of gold on international markets is leading to high sales of the precious metal in Cambodia as consumers fear prices could continue to tumble, gold traders said yesterday. Gold on the international market traded at $1,632.90 per troy ounce in New York yesterday ...

Angkor Gold identifies northeast prospects

Angkor Gold Corp, a Toronto Stock Exchange-listed company, has announced the identification of five new prospects in Ratanakiri province, according to a company statement. the mining firm said it planned to consolidate its gold prospects in the northeastern corner of the country. ...

http://www.phnompenhpost.com/index.php/2012053156499/Business/angkor-gold-identifies-northeast-prospects.html

Gold Mines Blamed for Cattle Deaths Shut Down

Authorities in Battambang province’s Phnom Proek district shut down eight unlicensed gold mines Saturday and Sunday after a study revealed they were producing toxic runoff blamed for the deaths of three cattle last week, officials said. Deputy governor Pech Choun said four mines in the area ...

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