Extractive Industries
Rights group investigates miner’s death
The death of a miner on Monday in a pit collapse in Preah Vihear is under investigation by Adhoc, the rights group has said. Lor Chann, Adhoc coordinator in Preah Vihear province, said yesterday that the miner died while working for a private mining firm in ...
Mom Kunthear
http://www.phnompenhpost.com/national/rights-group-investigates-miner%E2%80%99s-death
Police Train at Freedom Park as Protesters Target Hun Sen’s House
As hundreds of riot police conducted protest suppression drills in Phnom Penh’s Freedom Park on Monday morning, Prime Minister Hun Sen’s mansion in the center of the city was the focal point of a demonstration by some 2,000 garment factory workers. Municipal police, along with 16 ...
Aun Pheap and Khy Sovuthy
http://www.cambodiadaily.com/news/police-train-at-freedom-park-as-protesters-target-hun-sens-house-2-45638/
Cambodia Wants Sinopec to Build Oil Refinery by 2018
Cambodian Prime Minister Hun Sen on Monday urged China Petroleum & Chemical Corporation, or Sinopec Corp, the Asia’s largest oil refining and petrochemical enterprise, to expedite its process to build an oil refinery in Cambodia by 2018, Xinhua reported on October 15, citing a spokesman. ...
Oil and Gas Industry Latest News Staff
http://www.oilandgaseurasia.com/en/news/cambodia-wants-sinopec-build-oil-refinery-2018
Geopacific Resources to update capital raising for copper project in Cambodia
Geopacific Resources (ASX: GPR) is in pre-open following the ASX granting the company a trading halt, pending an announcement regarding a proposed capital raising in the form of a placement to sophisticated investors. Geopacific is focused on the highly prospective Kou Sa copper project in Cambodia, ...
Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer ...
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
Court Hears Anti-Government Movement Case
The Court of Appeal on Tuesday began hearing the appeal of six men sentenced to between 15 and 17 years jail in 2011 for forming an armed anti-government force called the Sovanna Phum, or Golden Village, in 2006. The men‚ Chea Sarann, 51; Liv Soksovann, 51; ...
Khy Sovuthy
http://www.cambodiadaily.com/news/court-hears-anti-government-movement-case-44155/
Cambodia imports 1.1 million tons of oil in 8 months
Cambodia had imported 1.1 million tons of petroleum in the first eight months of the year, a 3.5 percent decrease compared with the 1.14 million tons over the same period last year, the figures of the Ministry of Commerce showed Friday. From January to August this ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/27/c_132756600.htm
Easier to invest in Cambodia
Chongqing and Phnom Penh will become sister cities, after which it will be more convenient for those Chongqing enterprises to invest in Cambodia. Cambodia is an important trading partner for Chongqing and it has become one of the major countries for the development strategy of “going ...
Daily Economic News Staff
http://www.dailyeconomic.com/2013/Asia-Pacific_0927/1928.html
After CPP Reshuffle, Sok An’s Fiefdom Trimmed
Deputy Prime Minister Sok An has a stunning portfolio of positions within the CPP government. On Monday, CPP lawmakers once again appointed Mr. An as the Cabinet Minister for Prime Minister Hun Sen. He is also the chairman of the state-controlled Cambodian National Petroleum Authority and ...
Kuch Naren and Colin Meyn
http://www.cambodiadaily.com/elections/after-cpp-reshuffle-sok-ans-fiefdom-trimmed-43665/
First hedging deal transacted
ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday. The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale ...
Daniel de Carteret
http://www.phnompenhpost.com/business/first-hedging-deal-transacted
Protest gets injection of energy
What had been a relatively subdued gathering at Freedom Park yesterday became a jubilant celebration as opposition leaders Sam Rainsy and Kem Sokha delivered the news of fruitful discussions with the government to party faithful. Despite much-diminished crowds – and the sobering events of Sunday night ...
Stuart White and Meas Sokchea
http://www.phnompenhpost.com/national/protest-gets-injection-energy
OZ takes Renaissance scrip for cash
OZ Minerals has emerged with 16 per cent of Cambodia-focused Renaissance Minerals after agreeing to push back a deal that could have forced the gold explorer to stump up a $10 million payment on its Okvau deposit in the South-East Asian nation. Renaissance’s purchase of the ...
The West Australian News Staff
http://au.news.yahoo.com/thewest/business/a/-/wa/18874668/oz-takes-renaissance-scrip-for-cash/
Geopacific Resources outlines rights issue, funds to advance copper project in Cambodia
Cambodian-focused Geopacific Resources (ASX: GPR) has now released its 10 for 17 non-renounceable rights issue which will raise up to A$3.0 million at $0.05, and forms part of a larger funding package. In August GPR outlined a funding package which will include an equity placement of ...
Proactive Investors Australia News Styaff
http://www.proactiveinvestors.com.au/companies/news/47714/geopacific-resources-outlines-rights-issue-funds-to-advance-copper-project-in-cambodia-47714.html
Australian company finds 'significant' mineral deposits in Preah Vihear
Australia’s Geopacific Resources NL said Thursday it had found “significant” amounts of gold, copper and molybdenum at its Kou Sa project in Preah Vihear. In a statement, the mineral explorer said the results of the first phase of its soil-sampling program had also found “associated multi-element ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGViOWQwNzllY2F
Police Investigating Third Suspect in Mondolkiri Mining Fraud
Police said Thursday they are investigating the possibility of a third suspect who has been implicated in a fraud and forgery case over a mining deal, for which a Cambodian businessman and a Chinese associate are already awaiting trial. The Phnom Penh Municipal Court on Tuesday ...
Simon Lewis and Eang Mengleng
http://www.cambodiadaily.com/news/police-investigating-third-suspect-in-mondolkiri-mining-fraud-41441/
Businessmen Charged Over Mining Deal Fraud
The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an unknown complainant said ...
Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/
Court Questions Cambodian, Chinese Businessmen Over Fraud
The Phnom Penh Municipal Court on Monday questioned two businessmen over allegations of fraud and using forged public documents, including claims they faked a signature from Prime Minister Hun Sen in a mining transaction, court and police officials said. Deputy prosecutor Var Sakada said Cambodian Al ...
http://www.cambodiadaily.com/news/court-questions-cambodian-chinese-businessmen-over-fraud-40923/
Blending may fuel energy sector
A container storage facility off the coast of Preah Sihanouk province that allows Cambodia to blend oil before export could hold the key to sustainable growth in the country’s nascent energy sector, according to a Danish oil and gas expert. With Chevron positioned to lead offshore ...
Daniel de Carteret
http://www.phnompenhpost.com/business/blending-may-fuel-energy-sector
Cambodia's oil imports down 5.6 pct in first half of 2013
Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm
Cambodian needs effective policy measures for power sector: report
Cambodia requires effective policy measures to accelerate its development plans for the power sector, according to the summary of a market research report distributed Saturday. UK-based PR Carbon said the report noted that Cambodia’s power sector comprise targets for developing a national power grid to distribute ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTNkZjkxMjU2OTc
Gem miners ordered to halt excavation by gov’t
The Pailin provincial governor has ordered a gem-mining firm to stop excavating land in a conservation area, local officials said yesterday. According to Lim Bou, chief of Boya-kha commune in Pailin town, local authorities received the order after it came to light that a firm ...
Phak Seangly and Kevin Ponniah
http://www.phnompenhpost.com/national/gem-miners-ordered-halt-excavation-gov%E2%80%99t
Wife of Pailin Governor Reaps Benefits From Casino Deal
Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...
Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/
Ratch pulls out of JV for Cambodia power plant
Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...
Garment Sector Stable Despite Workers Leaving Jobs
The Garment Manufacturers Association in Cambodia (GMAC) yesterday said a recent exodus of workers from factories in Phnom Penh to the provinces over concerns related to a recent military build up in the capital would not threaten stability in the sector. Ken Loo, secretary-general of GMAC, ...