Extractive Industries

Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...

Despite the government’s vow to be more transparent with regulations and the issuing of sand-dredging licences, the Ministry of Mines and Energy (MME) has granted nearly 70 new such licences without holding public auctions or requiring companies to disclose environmental impact assessments (EIA) results to ...

An investigating team from the Ministry of Mines and Energy has concluded that evidence at Chhay Ching Heang Group’s operations in Ratanakkiri province seemingly points to illegal gold mining, though lab results from minerals extracted by the company are still pending, according to a ministry ...

Russia is looking to expand its crude oil exports to ASEAN countries – including Cambodia – despite the Kingdom being years away from having refinery capabilities. ...

The Ministry of Mines and Energy signed joint prakas with the Ministry of Environment to simplifying the environmental impact assessment (EIA) requirements for artisanal and small-scale mining practices.   ...

Renaissance Minerals and Emerald Resources finalised a joint venture agreement and commenced exploratory drilling near the Okvau gold deposit in Mondulkiri province. ...

Emerald Resources NL, an Australian mining firm with interests in Cambodia, will relist on the Australian Securities Exchange (ASX) on Tuesday following the company’s compliance with chapters 1 and 2 of the exchange’s listing rules and rule 11.1.3, the company said in a filing yesterday. ...

Canadian mineral exploration company Angkor Gold Corp has signed an agreement with Vancouver-based junior mining firm Blue River Resources Ltd to fund exploration of its gold prospects in northeastern Cambodia, the company said in a press release yesterday. ...

Prime Minister Hun Sen has signed into effect a sub-decree that aims to create a clear licensing and exploration framework for the Kingdom’s nascent mining industry. ...

Construction on a $3 billion oil refining plant, the Kingdom’s first, will start in October this year and is expected to be finished by the end of 2018, according to a senior executive at the signing of a memorandum of understanding (MoU) yesterday. ...

The government revoked the offshore oil exploration license of CPHL (Cambodia) Co Ltd after the project failed to meet the terms of its petroleum agreement, a state official said yesterday. ...

Cambodia’s two largest ports and the country’s biggest transport associations agreed yesterday to cut fees on container shipments in response to newly appointed Transportation Minister Sun Chanthol’s industry-wide call on Monday for solutions to reduce the high cost of logistics and transport. ...

The Council of Ministers has granted a petrochemical company two years to conduct feasibility studies for constructing a network of oil and gas pipelines to crisscross Cambodia, but details about the pipeline project and the company set to carry out the study are about as ...

Australian mining firm Geopacific Resources Ltd completed a successful and productive drilling season last year at its Kou Sa gold and copper project in northern Cambodia, the firm said in its annual report, released yesterday.   ...

The Council of Ministers has granted Petrochemicals (Cambodia) Refinery Ltd permission to conduct two feasibility studies to explore the viability of onshore and offshore gas pipelines, according to a document released yesterday. ...

Authorities in Australia have expanded the scope of their investigation into bribery allegations involving the relatives of Cambodian government officials and the former Cambodian operations of Australian miner OZ Minerals, the firm has announced.   ...

Cambodian conglomerate the Royal Group is in talks with two foreign state-owned petroleum companies to conduct feasibility studies for an oil pipeline that would run from Sihanoukville to Phnom Penh, a government official has confirmed. ...

Oil and gas exploration companies operating in Cambodia must follow the schedule of their concession contracts or face fines and risk having their contracts revoked, a state official warned yesterday. ...

Low oil prices and internal management changes have forced PetroVietnam Exploration Production Corporation (PVEP), a member of the state-owned Vietnam Oil and Gas Group, to suspend its operations in Kompong Thom, a senior official with the Ministry of Mines and Energy (MME) said yesterday. ...

Conflicting versions of events emerged yesterday after a Battambang man was found dead in a disused gold-mining pit in the province’s Phnom Proek district.   ...

ASX-listed Emerald on Wednesday announced that it had signed a farm-in and joint venture (JV) agreement with fellow-listed Renaissance Minerals to earn a majority interest in a Cambodian gold project. ...

Singapore-based oil and gas firm KrisEnergy has not responded to inquiries from the government on when it will start work on the offshore field it has the rights to in the Gulf of Thailand known as Block A. ...

The drop in the price of gasoline and diesel, following new pricing regulations introduced last week, has been especially cheered by people whose incomes are low. ...

Australian mining firm Geopacific Resources Ltd has made a new discovery of high-grade gold and silver mineralisation during exploratory drilling at a remote site in northern Cambodia, the company said in an announcement yesterday.   ...