Extractive Industries

Improved fiscal management and preparation for a decline in foreign aid would help increase Cambodia’s credit rating, according to a quarterly credit opinion from Moody’s Investor Service, which maintained a stable outlook for the country. Reduced exposure to crisis and stagnation in Western economies, continued foreign ...

China’s Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was granted by ...

The government has granted more than 7 million hectares of land to private companies through concessions since 2008, with 222 private companies claiming more than 2 million hectares alone in economic land concessions, rights group Adhoc said yesterday. Ouch Leng, head of Adhoc’s land program, said ...

China’s Guangxi Nonferrous Metal Group announced on Friday that it is planning to invest $500 million to build a steel plant and industrial zone in Preah Vihear province’s Rovieng district, according to Chinese media reports ...

Cambodia’s Ministry of Environment told a Japanese oil company yesterday to better define the location of its initial onshore operations given the potential impact on the local population and environment. The Ministry of Environment has required Japan Oil, Gas and Metals National Corporation to specify where ...

JAPAN Oil, Gas and Metals National Corporation has started preliminary surveying as the sole operator in Cambodia’s Block 17 onshore oil field, a 6,500 square-kilometre area of hilly forest in Kampong Thom, Preah Vihear and Siem Reap provinces, according to an Environmental Impact Assessment (EIA) ...

Mitsui Oil Exploration Co (Moeco), a Japanese petroleum firm that specializes in natural gas, wants to start conducting seismic operations testing for oil and gas north of the Tonle Sap lake by February 2012 and wrap up the tests by May, according to excerpts of ...

Depending on who you believe, the South China Sea could be the next Persian Gulf due to its untapped oil and gas deposits. It’s also a key shipping lane that the US Navy has guarded for decades. That’s why so many countries are sparring over remote ...

Seventy-one out of 89 National Assembly lawmakers yesterday voted to approve the construction of a coal power plant in Preah Sihanouk province by a company run by CPP Senator Lao Meng Khin and his daughter, and licensed the plant to sell electricity to Electricite du ...

The opposition has raised conflict-of-interest concerns over another agreement headed to the National Assembly today guaranteeing the government will buy electricity from a power plant to be constructed by a company owned by ruling party Senator Lao Meng Khin. However, it was unclear yesterday whether the ...

Environment Minister Mok Mareth yesterday asked China National Offshore Oil Corporation (CNOOC) to provide more details on the environmental impact of its project, though he said that exploration for oil and gas would likely begin later this month. At a meeting at the Ministry of Environment, ...

At a Sept 11 meeting between Deputy Prime Minister Sok An and Ganesh C. Thakur, President of the U.S.-based Society of Petroleum Engineers (SPE), plans were discussed about the SPE providing training and expertise for the Kingdom’s oil and gas sector, according to a statement ...

Astra Resources, parent company of Australia’s Astra Mining, will finalise within two months the acquisition of a 222-square-kilometre gold concession in Cambodia’s Ratanakkiri province, the company announced yesterday. Astra, which listed on the Frankfurt Stock Exchange September 30, is aiming for large and speedy gold production ...

Atok-Big Wedge Co. Inc., a listed company owned by the group of former Trade minister Roberto Ongpin, acquired Tidemark Holdings Ltd., a Hong Kong company that owns 25.9 percent of Forum Energy Plc, an oil and gas firm controlled by Philex Mining Corp. Atok-Big Wedge said ...

Prime Minister Hun Sen held talks with President of the Thai National Assembly Somsak Kiatsuranot in the capital yesterday, paving the way for the extraction of contested oil and gas reserves in the Gulf of Thailand Yesterday’s talks between Hun Sen and Somsak focused on restoring ...

Mining concession buy-outs will make Brighton Mining Limited one of the Kingdom’s largest miners by concession size in Cambodia’s Mondulkiri province, according to a company statement released yesterday. Brighton, an ASX-listed company, has completed negotiations with Summer Gold Investment Pty Limited for mining concessions in Mondulkiri ...

Brighton Mining Group (ASX: BTN) has completed negotiations for the acquisition of a major interest in gold mining assets held directly or indirectly by Brighton Mining Limited (BML), boosting its concession holdings in Cambodia. These include the interest of BML in the Cambodian concessions held by ...

The government has given a Chinese mining company the right to extract gold from 28 square km of land in Kratie province’s Sambor district, a provincial official said yesterday. On July 5, the Ministry of Industry, Mines and Energy granted Hing Yuan Hanng Yeak Co Ltd ...

Kuwait’s Pima International Co and D&D Pattnaik Group of India have jointly established Pima D&D International Co to explore for gold and iron in Cambodia The firm plans to invest between US$10 million and $15 million in gold and iron exploration in Kampong Chhnang, Kratie and ...

A mining company owned by the wife of RCAF Major General Nim Meng has been ordered by the government to pay fines and unpaid taxes after the firm was found to have illegally exported minerals from Cambodia, a report released yesterday by the Cambodian Investment ...

Cambodia’s and Thailand’s governments will likely resume negotiations on offshore drilling for oil and gas which will bring mutual benefits of the area of overlapping maritime claims after Cambodia gave the green light for issues before the visit of new Thai foreign minister Surapong Tovichakchaikul ...

Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said George Boden, a campaigner at watchdog group Global Witness. Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said ...

Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday.  In a statement some commentators described as “coordinated attack” by ...

Hong Kong-listed China Oilfield Services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ...