Extractive Industries

Gold sees price surge amid global uncertainty, becomes “safe asset”

Over the past two to three years, the price of gold on the international market has steadily risen, driving up prices in Cambodia, even as the country exports refined gold to global markets. ...

Hin Pisei
https://www.phnompenhpost.com/business/gold-sees-price-surge-amid-global-uncertainty-becomes-safe-asset-

Pundits: Jump in steel imports may not reflect real estate recovery

Cambodia imported more than $400 million worth of iron and steel in the first eight months of the year, an increase of nearly 60% on the same period last year. This has given some hope that the housing construction sector may be gradually picking up ...

Hin Pisei
https://www.phnompenhpost.com/business/pundits-jump-in-steel-imports-may-not-reflect-real-estate-recovery

Calls for stronger action against llegal mining

Environmental activists are supporting the government’s continued crackdown on illegal mining, but they are calling for more inspections to ensure that no further crimes are committed. ...

Kuch Sikol
https://kiripost.com/stories/cambodia-calls-for-stronger-action-against-illegal-mining

Energy ministry targeting illegal mining in Mondulkiri

The Ministry of Mines and Energy is committed to ending unregulated mining in Mondulkiri’s Mesam area, promoting legal practices to boost employment, increase national revenue and reduce environmental and societal impacts, according to the ministry. ...

Kim Yutharo
https://www.phnompenhpost.com/national/energy-ministry-targeting-illegal-mining-in-mondulkiri

New ruling in place for exports of all minerals

Starting in April, exporters of mineral products will be required to deposit a portion of export royalties, with withdrawal permitted upon fulfilment of all contractual obligations. The Ministry of Economy and Finance, in conjunction with the Ministry of Mines and Energy, issued an inter-ministerial prakas on ...

Hin Pisei
https://www.phnompenhpost.com/business/new-ruling-in-place-for-exports-of-all-minerals

Three illegal gold mines closed

A national crackdown on illegal goldmines has led to three unauthorized operations being closed in Memot, Tbong Khum province. ...

Thang Sinorn
https://kiripost.com/stories/three-illegal-gold-mines-closed

More illegal gold mines discovered in T Khmum

The Ministry of Mines and Energy has identified three illegal gold mining operations in Tbong Khmum province’s Memot district. The owners have been instructed to dismantle their facilities and cease their activities immediately. ...

Vong Daravady
https://www.phnompenhpost.com/national/more-illegal-gold-mines-discovered-in-t-khmum

Villagers demand compensation from global green mining for clearing farm

At least 10 families are demanding compensation from a private company, which cleared farms and forest land to build an access road to explore iron ore mining in Preah Vihear province. ...

Khuon Narim
https://cambojanews.com/villagers-demand-compensation-from-global-green-mining-for-clearing-farm/

Cambodia extracts 9.5 tonnes of gold ore

Cambodia extracted 9,500 kilograms of gold ore, a semi-finished product, since commercial mining began in June 2021, a report by the Ministry of Mines and Energy showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501418104/cambodia-extracts-9-5-tonnes-of-gold-ore/

Gold Mining Reporting Must Be More Open: NGOs

On Dec. 20, the Fair Finance Coalition, the NGO Forum on Cambodia (NGOF), and Oxfam in Cambodia issued studies on gold mining businesses at six locations in Preah Vihear, Ratanakiri and Mondulkiri provinces. ...

Lay Sopheavotey
https://cambodianess.com/article/gold-mining-reporting-must-be-more-open-ngos

Lack of Enforcement, ESG Reporting Standards Apparent in Gold Mining Ops

A recent report on gold mining operations in Cambodia has kicked up inadequacies in reporting standards and absence of enforcement, revealing a huge lag in environmental, social and governance (ESG) practices in the industry.​​ ...

Sangeetha Amarthalingam
https://kiripost.com/stories/lack-of-enforcement-esg-reporting-standards-apparent-in-gold-mining-ops

Mining ESG compliance highlighted by study

Fair Finance Cambodia (FFC), a coalition originally created to help secure funding for the well-being of the country’s most vulnerable, has recently published a comprehensive study titled “Environmental, Social and Corporate Governance (ESG) Compliance” on the gold mining industry in the Kingdom. ...

Sok Raksa
https://www.phnompenhpost.com/national/mining-esg-compliance-highlighted-by-study

Prey Lang designated a red zone

Minister of Mines and Energy, Keo Rottanak, has declared Prey Lang a protected area, effectively prohibiting the issue of new licenses for mining companies. ...

Thang Sinorn
https://kiripost.com/stories/prey-lang-designated-a-red-zone

Gold mine looks to expand into Tbong Khmum

Australian mining company Renaissance Minerals (Cambodia) Ltd is seeking to expand their gold mining operations beyond Mondulkiri province, with the Ministry of Mines and Energy urging them to look into Tbong Khmum’s Memot district. ...

Van Socheata
https://www.phnompenhpost.com/business/gold-mine-looks-to-expand-into-tbong-khmum

PM: No more mining licences in Prey Lang sanctuary

Prime Minister Hun Manet has designated the Prey Lang Wildlife Sanctuary as a “red zone”, meaning he will not allow new any mining licences to be issued for the area, and would not allow the expansion of existing operations. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/pm-no-more-mining-licences-in-prey-lang-sanctuary

ASEAN to promote sustainable mineral investment and development

ASEAN Ministers of Mines have agreed to jointly promote the ASEAN region to become a sustainable mining investment destination and continue cooperation on improvement of mining development with governance, economy, society and environment. ...

Khmer Times Staff
https://www.khmertimeskh.com/501397702/asean-to-promote-sustainable-mineral-investment-and-development/

Cambodia produces nearly 9 tons of gold: minister

Cambodia has produced nearly 9 tons of dore bars with 90 percent pure gold solution since commercial mining began in June 2021, Minister of Mines and Energy KeoRattanak said here on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501396101/cambodia-produces-nearly-9-tons-of-gold-minister/

Quarry licensing restricted

A temporary stay on the issuance of quarry licences has been announced, with cultural and environmental considerations behind the ban. ...

Van Socheata
https://www.phnompenhpost.com/national/quarry-licensing-restricted

Chinese company developing gold mines in protected forest

A new report has revealed that a Chinese company is involved in large-scale gold mining in protected Prey Lang Wildlife Sanctuary (PLWS), threatening the environment and the lives of local people. ...

Thang Sinorn
https://kiripost.com/stories/chinese-company-developing-gold-mines-in-protected-forest

Cambodia pivots to solar, wind energy

Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. ...

May Kunmakara
https://www.phnompenhpost.com/national/cambodia-pivots-solar-wind-energy

Expanding gold mine diverts stream in Prey Lang Wildlife Sanctuary

Dead fish and black water ran through the Por Roung river last year due to contamination upstream from an industrial Chinese-owned  mine, residents of Snang An village say. ...

Andrew Califf, Seoung Nimol, and Hel Komsan
https://cambojanews.com/expanding-gold-mine-diverts-stream-in-prey-lang-wildlife-sanctuary/

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