Extractive Industries
Mining
Mesco, Angkor to mine gold
Mesco Gold, an associated company of India-based Mesco Steel, will sign an agreement with Angkor Gold to mine the Phum Syrang prospect on one of its economic land concessions in Ratanakkiri province. “We’ve been exploring the area since 2006. We’ve been drilling holes and there’s ...
http://www.phnompenhpost.com/2013011860848/Business/mesco-angkor-to-mine-gold.html
Police reopen OZ, Cochlear bribery cases
THE Australian Federal Police will reopen corruption inquiries into major Australian companies OZ Minerals and Cochlear, after searing criticism that it was lax in its investigations. OZ Minerals will be targeted following discussions with the OECD about the AFP’s previous investigation of alleged foreign ...
http://www.smh.com.au/business/police-reopen-oz-cochlear-bribery-cases-20130112-2cmrt.html
Angkor Gold cashes in on Cambodia
It has been just over a year since Vancouver-based Angkor Gold (ANK-V) went public with its stable of Cambodian exploration projects, and it is looking like the company’s early mover strategy in the developing Southeast Asian nation might be poised to pay off. To kick ...
http://www.northernminer.com/news/angkor-gold-cashes-in-on-cambodia/1001981285/?type=HotSectors
Okvau explorer raises $10m
Renaissance Minerals has raised $10 million for its gold-mining program at the Okvau deposit, in Mondulkiri province. The Australian company had estimated the area contained 729,000 ounces of gold. Renaissance’s biggest challenge would be to finance the project by equity investments world-wide, Tremain said. Renaissance is ...
http://www.phnompenhpost.com/2013010960685/Business/okvau-explorer-raises-10m.html
Royal Group to Take Stake in Mining Project
A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. In an announcement to the bourse last Thurday, Geopacific Resource ...
Miner buys into Cambodian copper
Geopacific Resources, an Australian mineral exploration company focused on gold and copper projects in Fiji, wants to take over Worldwide Mining Projects Limited, a mineral assets searcher in Southeast Asia. Worldwide Mining Projects Limited has signed a sales agreement with Golden Resources Development, a South Korean ...
http://www.phnompenhpost.com/2013010460638/Business/miner-buys-into-cambodian-copper.html
Cambodia lures ex-Adamus executives
Former Adamus Resources executives Milan Bojanjac and Ron Heeks are plotting a return to the Australian bourse, through a deal with the Charlie Bass-backed Geopacific Resources. In a deal it said would give it access to a substantial land- holding in Cambodia, Geopacific announced plans for ...
http://au.news.yahoo.com/thewest/business/a/-/national/15760417/cambodia-lures-ex-adamus-executives/
Locals in the Dark to Chinese Rail Project
With two Chinese firms due to start work on a 400-km railway, steel mill and port in July, an environmental impact assessment (EIA) has yet to be conducted, and affected provinces are still largely in the dark about the massive infrastructure project. In a ceremony in ...
http://www.cambodiadaily.com/business/locals-in-the-dark-to-chinese-rail-project-7128/
Cambodian, Chinese firms sign deal to build railway, seaport
A Cambodian company and a Chinese firm on Monday signed a Memorandum of Understanding (MoU) in order to build a railway and a seaport in Cambodia to serve iron and steel mining industry. The deal was inked between Zhang Chuan You, general manager of Cambodia Iron ...
http://news.xinhuanet.com/english/china/2012-12/31/c_132074231.htm
Cambodian, Vietnamese militaries ink deals for quarry, rubber development projects
Cambodian and Vietnamese Defense Ministries on Friday signed two documents relevant to a joint venture for establishing a quarry and a rubber plantation project in Cambodia. According to a document briefed to reporters at the signing ceremony, the two deals included a quarry site establishment in ...
http://news.xinhuanet.com/english/world/2012-11/30/c_132011035.htm
Asean Fellows Warn Cambodia of Mining Pitfalls
Community representatives from Indonesia and the Philippines warned Cambodia yesterday of the potential human cost that an influx of mining companies could bring to the country. As private companies scour the land for minerals, with some set to begin extraction within a few years, Cambodia could ...
Two people killed as mine collapses
Police officials said yesterday two people had died when a Mondulkiri gold mine collapsed on Saturday, but that neither of them worked for the mining company that owns it. Provincial police chief Nhem Vanny said two men aged 25 and 30, had died in a ...
Two Die While Illegally Digging for Gold
Two men died in Mondolkiri province’s Pech Chreada district on Sunday after a gold mining pit they were digging collapsed in on top of them, police said yesterday. Provincial police chief Nhem Vanny said that the victims, Sao Leng, 20, and Tharn Kim, 19, had been ...
Australia Drops Cambodian Bribery Allegations
The Australian Federal Police (AFP) have closed an investigation into suspicious payments to officials in Cambodia by the world’s largest mining company BHP Billiton, according to a report released by the Organization for Economic Cooperation and Development (OECD). Although the report, released last month, does not ...
http://www.cambodiadaily.com/business/australia-drops-cambodian-bribery-allegations-5337/
Cambodia: Mineral, Metal and Fuel Resources
Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...
October 2012 Maps Update
– Economic Land Concessions (Government Data Complete 16 items) Click here to download – Mining ( Secondary Source Data 19 items) Click here to download ...
Indochine Mining Limited (ASX:IDC) Successful Capital Raising
Indochine Mining Limited (ASX:IDC.AX – News) is pleased to announce a successful capital raising from existing institutional shareholders and a new major global fund Indochine Mining Limited (ASX:IDC.AX – News) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding ...
http://au.finance.yahoo.com/news/indochine-mining-limited-asx-idc-031410444.html
Cambodian Oil Transparency Group Sponsors Annual Conference
Cambodians for Resource Revenue Transparency (CRRT) will host a one-day National Conference Nov. 2 on the Best Practice of Governance in Extractive Industries and Revenue Management. The conference, to be attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives ...
http://eon.businesswire.com/news/eon/20121030005350/en/oil/gas/mining
Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent
Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...
Kompong Thom Prepares to Halt 100 Illegal Miners
Kompong Thom provincial officials will stop illegal gold mining in seven locations in Sandan district’s Meanrith commune come November, provincial and district officials said. About 100 residents of Meanrith have been illegally digging for gold in the district for several years, provincial deputy governor King Vimean ...
Runoff From Illegal Gold Mines Cause Cow Deaths
Toxic runoff from small-scale gold mining operations in Battambang province killed two cattle on Wednesday, the latest casualties from pollution in the area led to the closing of more than 100 mines earlier this year. Officials from the provincial mines department yesterday said they were unaware of ...
Unexplored Cambodia Shines For Angkor Gold
On top of impressive growth, the Royal Government is opening the country to international investment As for mining: the country is now open for international business. The stable, democratic government passed anti-corruption laws in 2011 and has dedicated itself to working with private business The most active ...
http://www.marketwatch.com/story/unexplored-cambodia-shines-for-angkor-gold-2012-10-17
Gold struck in Mondulkiri
An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the longer term. Renaissance Minerals managing director Justin Tremain told the ...
http://www.phnompenhpost.com/index.php/2012101159244/Business/gold-struck-in-mondulkiri.html
Companies aim to be socially minded
Four companies in Cambodia — EZECOM, Manulife Cambodia, Angkor Gold and Unilever — have demonstrated their commitment to corporate social responsibility this month by giving support to schools, a hospital and sustainable living. CSR Asia, the leading provider of information, training, research and consultancy services on ...