Extractive Industries

Mining firms still working despite ban

Four mining companies digging stone in Banteay Meanchey province that are purportedly owned by a military commander and other officers have carried on mining despite a government ban. ...

Phak Seangly
http://www.phnompenhpost.com/national/mining-firms-still-working-despite-ban

No licences, much dredging

Five sand-dredging operations in Ratanakkiri province – one owned by the provincial director of Public Works and Transportation – have been in business illegally for some 20 years, the rights group Adhoc said yesterday. Adhoc said that it uncovered the operations in Veun Say, Lumphat and ...

Phak Seangly
http://www.phnompenhpost.com/national/no-licences-much-dredging

Ratanakkiri site of informal mining boom: official

Thousands of locals and migrant workers are engaged in illegal mining in Ratanakkiri province, a senior official with the Ministry of Mines and Energy said yesterday. Having returned on Tuesday from an official inspection tour of the province, Meng Saktheara, a secretary of state at the ...

Phak Seangly
http://www.phnompenhpost.com/national/ratanakkiri-site-informal-mining-boom-official

Oil plunge a boon for developing nations: WB

Oil-importing nations such as Cambodia should be first in line to benefit from the oil-price decline provided they swiftly enact reforms to reinvest savings into strengthening fiscal policy and human capital, according to the World Bank. ...

Eddie Morton
http://www.phnompenhpost.com/business/oil-plunge-boon-developing-nations-wb

Excavation worries

Twenty families living in Stung Treng province’s Thala Barivat district have recently filed complaints to authorities demanding compensation from a Chinese firm, which allegedly plans to excavate their farmlands in search of marble. The villagers from the Chamkar Leu commune sent a total of seven complaints ...

Sen David and Sarah Taguiam
http://www.phnompenhpost.com/national/excavation-worries

Gov’t forms OCA committee

Thailand and Cambodia are edging closer to rekindling negotiations over the long-contested, and presumably lucrative, Overlapping Claims Area (OCA) in the Gulf of Thailand. State-owned media, Agence Kampuchea Presse (AKP), yesterday reported that the Cambodian government had established a committee charged with negotiating the development of ...

Eddie Morton
http://phnompenhpost.com/business/gov%E2%80%99t-forms-oca-committee

Angkor Gold announces next step forward for Cambodia's first commercial gold mine

ANGKOR GOLD CORP. (ANK) (“ANGKOR” or “ANGKOR GOLD”) announces that approval from Cambodia’s Ministry of Mines and Energy has been received to proceed with an Environmental Impact Assessment (EIA) on Cambodia’s first royalty-generating gold mine at Phum Syarung. The total area of 12 sq km ...

Market Watch News Staff
http://www.marketwatch.com/story/angkor-gold-announces-next-step-forward-for-cambodias-first-commercial-gold-mine-2014-12-03?reflink=MW_news_stmp

Commerce Minister announces reduction in petrol prices

Gasoline prices have been decreased by 300 Riel per liter, according to an announcement issued Thursday by Ministry of Commerce. The oil prices of four companies are decreased from current 5,050 Riel to 4,750 Riel per liter for gasoline, while from 4,750 Riel to 4,500 ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/commerce-minister-announces-reduction-in-petrol-prices-7695

Mining official denies graft

Officials from the Ministry of Mines and Energy checked on a quarry in Kampot province for the second time yesterday amid allegations it is operating illegally thanks to local corruption. The quarry, which is owned by husband and wife Hok Chhenda and Tep Sokha, was ...

Sen David
http://www.phnompenhpost.com/national/mining-official-denies-graft

UXO injuries, deaths up in ’14

Landmine casualties more than doubled in the first eight months of this year compared to the same period in 2013, according to officials, who are pointing to the wider use of industrial agricultural equipment – such as tractors – as the reason for the uptick ...

Sean Teehan
http://www.phnompenhpost.com/national/uxo-injuries-deaths-14

Gasoline price should be down to 4,500 Riel per liter: Sam Rainsy

Opposition leader Sam Rainsy on Tuesday said that price of gasoline in Cambodia should be decreased to 4,500 Riel per liter as price of crude oil at international market has been sharply dropping since early 2014. ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/gasoline-price-should-be-down-to-4500-riel-per-liter:-sam-rainsy-7565

Mining giant seeks to settle corruption case with US

Australian mining giant BHP Billiton has announced that it is in negotiations with the U.S. government to settle allegations of corruption abroad, which include claims that the company paid a $2.5 million bribe to Cambodian officials to secure exploration rights in the country’s northeast. ...

Zsombor Peter
http://www.cambodiadaily.com/news/mining-giant-seeks-to-settle-corruption-case-with-us-71097/

KrisEnergy formally takes over as operator of Cambodia's offshore Block A

Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, referred to the announcement dated Aug. 11 in relation to the acquisition of the entire issued and paid up share capital of Chevron Overseas Petroleum (Cambodia) Limited (COPCL) and announces the ...

Rigzone News Staff
http://www.rigzone.com/news/oil_gas/a/135266/KrisEnergy_Formally_Takes_Over_as_Operator_of_Cambodias_Offshore_Block_A

Illegal mining op halted in preserve

Pailin provincial authorities are searching for a suspect who allegedly commissioned the excavation of a gold mine on land the protection of which is funded by the foundation of American actress Angelina Jolie. Provincial environmental police are holding three men at a spot where they were ...

Phak Seangly
http://phnompenhpost.com/national/illegal-mining-op-halted-preserve

City hits brakes on illegal gas

The Phnom Penh government is planning to take action against illegal petrol stations around the city, and has counted 205 of them so far. Chreang Sophan, Phnom Penh deputy governor, said at the opening of a Total station in Tuol Kork district on Monday that the ...

Sen David
http://www.phnompenhpost.com/national/city-hits-brakes-illegal-gas

Illegal gold mines raided in Preah Vihear

Authorities in Preah Vihear province on Friday broke up six camps they say were being used to illegally mine for gold on land the government has granted to a Chinese company. Provincial industry and mines director Kong Makara said Sunday that authorities including local police and ...

Aun Pheap
http://www.cambodiadaily.com/news/illegal-gold-mines-raided-in-preah-vihear-66713/

New chapter in search for black gold

As Chevron hands over its controlling stake in the Kingdom’s most developed oil field to a new player, industry experts say extraction may still take time Industry insiders urged patience this week after news broke that energy giant Chevron had sold its controlling stake in the ...

Daniel de Carteret
http://www.phnompenhpost.com/post-weekend/new-chapter-search-black-gold

Mining accidents kill two

Two artisanal miners died and one was seriously injured in two separate accidents on Saturday, police said yesterday. One man was killed and one sustained serious injuries while working for a Chinese mining company at Kbal Damrei commune in Kratie province’s Sambor district. ...

Mom Kunthear
http://www.phnompenhpost.com/national/mining-accidents-kill-two

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