Extractive Industries

Extractive industries policy and administration

PM inks sub-decree to control mining sector

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. ...

Post Staff
http://www.phnompenhpost.com/business/pm-inks-sub-decree-control-mining-sector

Block D offshore oil license revoked

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. ...

Cam McGrath
http://www.phnompenhpost.com/business/block-d-offshore-oil-licence-revoked

Scant details emerge on petroleum pipeline project

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 ...

Kali Kotoski
http://www.phnompenhpost.com/business/scant-details-emerge-petroleum-pipeline-project

Royal group in talks with China, Indonesia on proposed oil pipeline

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. ...

Kali Kotoski and Sor Chandara
http://www.phnompenhpost.com/business/royal-group-talks-china-indonesia-proposed-oil-pipeline

Gov’t urges petroleum firms to keep exploring

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. ...

Sor Chandara
http://www.phnompenhpost.com/business/govt-urges-petroleum-firms-keep-exploring

Small-scale sand dredging business shut down

A small-scale sand dredging business on the banks of Sraeng lake in Banteay Meanchey’s Teuk Cho commune was shut down yesterday by Preah Net Preah district authorities after it was found to be operating without a license, according to district governor Ly Sovannarith. ...

Pav Suy
http://www.khmertimeskh.com/news/22745/small-scale-sand-dredging-business-shut-down/

Panel advises Cambodia on sustainable resource development

Officials from 14 governments gathered in Siem Reap on Wednesday to discuss sustainable development of extractive industries in the regions, urging Cambodia to take stock of its oil, gas and mineral reserves and device mechanism to develop these resources sustainably. ...

Ven Rathavong
http://www.khmertimeskh.com/news/22619/panel-advises-cambodia-on-sustainable-resource-development/

Ministry, Chinese firm spar over Siem Reap mine

The Ministry of Mines and Energy is currently working to withdraw the licence of a copper mining company in Siem Reap province’s Chi Kraeng district that it accuses of operating illegally for more than a year. ...

Phak Seangly
http://www.phnompenhpost.com/national/ministry-chinese-firm-spar-over-siem-reap-mine

Villagers worry despite mining company promises

An Indian company planning to extract 500 tons of rock per day from beneath Pheak village in O Yadauv, Ratanakiri this year has promised locals, again, that their digging will have little effect on the mine’s surrounding forest and homes, and that they will replace ...

Aisha Down
http://www.khmertimeskh.com/news/20549/villagers-worry-despite-mining-company-promises/

Mining ministry hits pay dirt in ’15

The Ministry of Mines and Energy generated a four-fold increase in non-tax revenues from extractive industries last year, collecting just over $17 million, a ministry official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/mining-ministry-hits-pay-dirt-15

Concessions cancelled as oil price plummets

The government cancelled two concessions for offshore oil – Block B and Block F – held by two foreign companies last year because they failed to comply with the terms of their agreements, senior officials from Ministry of Mines and Energy (MME) told Khmer Times ...

May Kunmakara
http://www.khmertimeskh.com/news/20315/concessions-cancelled-as-oil-price-plummets/

City hall to add 600 security cameras throughout the capital

Despite a slew of global investment banks slashing their oil price forecasts this week, KrisEnergy —the Singaporean oil and gas firm with a controlling stake in Cambodia’s most promising offshore oil reserve, Block A—remains committed to helping Cambodia produce its first drop of oil, a ...

Tej Parikh
https://www.cambodiadaily.com/news/krisenergy-committed-to-cambodias-block-a-105341/

Illegal mining halted on Chinese ELC in Preah Vihear

Preah Vihear provincial authorities cracked down last week on an illegal gold mining operation occurring inside a land concession belonging to a Chinese company in Rovieng district. ...

Phak Seangly
http://www.phnompenhpost.com/national/illegal-mining-halted-chinese-elc-preah-vihear

Extractive industries seek gold standard

A visiting Mongolian delegation comprised of government, industry and civil society active in the petroleum and mining sectors shared their experience in implementing the Extractive Industries Transparency Initiative (EITI) with their Cambodian counterparts at a workshop in Phnom Penh yesterday. ...

Sor Chandara
http://www.phnompenhpost.com/business/extractive-industries-seek-gold-standard

Police raid 3 Ratanakkiri gold mines

Police on Thursday raided three illegal gold mines in Ratanakkiri province’s Lumphat district believed to have been operated by undocumented Vietnamese migrants, but made no arrests as all the camps had been abandoned, possibly just hours earlier. ...

Khuon Narim
https://www.cambodiadaily.com/news/police-raid-3-ratanakkiri-gold-mines-95428/

Thai cement giant to invest $300m in Cambodia

Thailand’s largest cement producer, Siam Cement Group (SCG), plans to invest up to $300 million to increase its production capacity in Cambodia over the next five years in a bid to take advantage of booming domestic demand, a company official said Monday. ...

Kang Sothear
https://www.cambodiadaily.com/business/thai-cement-giant-to-invest-300m-in-cambodia-92400/

Mining tax likely won’t budge

Cambodia’s new mining law is on track for adoption by the end of this year and will introduce a raft of reforms to the sector, a senior official said, although the country’s mining tax will likely remain the same. Meng Saktheara, secretary of state at the ...

Charles Rollet
http://www.phnompenhpost.com/business/mining-tax-likely-wont-budge

New mining law could herald gold rush

Meng Saktheara wants to take some of the risk out of one of the riskiest businesses in Cambodia – commercial gold mining. As Indian mining giant Mesco Gold seeks a permit to build and operate the country’s first commercial gold mine in Ratanakkiri province, Mr. ...

Jonathan Cox
http://www.khmertimeskh.com/news/12941/new-mining-law-could-herald-gold-rush/

Police seek official, VN nationals over mine

Authorities in Ratanakkiri province are searching for four Vietnamese nationals and a local official who were discovered to be operating an illegal gold mine in an area allotted to an Australian exploration firm. ...

Phak Seangly
http://www.phnompenhpost.com/national/police-seek-official-vn-nationals-over-mine

Lack of competition lets Ministry of Mines and Energy set sand price cap

After almost a month, the Ministry of Mines and Energy has officially announced the four companies that have been granted sand dredging licenses this past Tuesday. When the ministry notified the companies who won the bidding for one of four available licenses, it also gave them ...

Siv Meng
http://www.phnompenhpost.com/real-estate/lack-competition-lets-ministry-mines-and-energy-set-sand-price-cap

Energy Ministry to decentralise licensing miners

The Ministry of Mines and Energy has decided to decentralise the process for small-scale miners and dredgers to obtain licences, with the government now permitting provincial authorities to directly issue licences to operators without ministerial oversight. Speaking at a meeting on the new measures, Dith Tina, ...

Taing Vida and Ethan Harfenist
http://www.phnompenhpost.com/national/energy-ministry-decentralise-licensing-miners

Oil deal before petroleum law

Singaporean energy firm KrisEnergy and the Cambodian government will conclude their long-drawn negotiations for extraction of oil from offshore oil field Block A before the passage of an upcoming law for the petroleum sector. The petroleum law, which will be the country’s first legislation governing ...

Charles Rollet
http://www.phnompenhpost.com/business/oil-deal-petroleum-law

Dredgers ‘pledge’ to wait on gov’t

The Ministry of Mines and Energy has said that it will perform environmental, social and economic impact assessments within three to six months before renewing and granting new licences for sand dredgers and sand miners operating in Phnom Penh and Kandal. ...

Taing Vida
http://www.phnompenhpost.com/national/dredgers-pledge-wait-govt

Campaign launch: New ‘River Guard’ busts dredgers

Inspectors from the Energy Ministry busted two unlicensed sand dredgers operating on a stretch of river close to Phnom Penh’s Royal Palace, in the first action of a new campaign to protect Cambodia’s rivers. ...

Taing Vida
http://www.phnompenhpost.com/campaign-launch-new-river-guard-busts-dredgers

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