Extractive Industries

A new Japanese company, Gas One (Cambodia) Co Ltd, aims to tap into the surge of liquefied petroleum gas (LPG) usage in the Kingdom by providing engineering and supply solutions to large-scale developments, its chief executive said yesterday. ...

Timor-Leste’s fledgling economy depends on oil and gas production and Cambodia is seeking assistance from Asia’s youngest nation to help develop its draft petroleum law which is expected to be adopted into legislation by the Council of Ministers next year. ...

The Ministry of Mines and Energy (MME) yesterday sent the newly-drafted petroleum law to civil society organizations and other partner institutions working in the extractive sector for consultations before submitting it to the Council of Ministers for approval by the end of this year. ...

Australian mining firms Emerald Resources and Renaissance Minerals have agreed to merge in an all-stock deal that aims at creating synergies to develop gold projects in northeastern Cambodia, the companies said in a joint announcement yesterday. ...

Australian-listed mining firm GeoPacific announced its first resource estimate on its copper-gold project in northern Cambodia, estimating 51,000 tonnes of copper equivalent at two adjacent prospects on its Kou Sa project site. ...

Only a few days after the Koh Kong Provincial Court found three environmental activists guilty for protesting against a sand dredging company, the Ministry of Energy and Mines has called for greater civilian participation in protecting The Kingdom’s natural resources. ...

Despite claims from local authorities that illegal mining in Ratanakiri province’s Borkeo district had been stopped, more than 100 people have been seen continuing to mine the area. ...

Local shops dealing in gold reported a surge in activity following the United Kingdom’s vote on Friday to leave the European Union – a decision that pushed international gold prices up sharply as worried investors sought a safe-haven asset. ...

A Vietnamese-owned gold mine in Battambang province’s Phnom Prek district failed to acquire an operating license from the Ministry of Mines and Energy yesterday after failing to meet their guidelines, according to officials. ...

The Cambodia Gems and Jewelry Traders Association (CGJTA) urged their non-association counterparts in Siem Reap to come into their fold to ensure the Kingdom’s precious stone industry maintains quality and standards that are on par internationally. This, the CGJTA said, will attract more international buyers ...

The Kingdom’s petroleum and gas imports fell in the first quarter of this year due to waning consumer and business demands, according to the Ministry of Commerce. However, a large petroleum, lubricants and oil importer said the fall in gas imports was just relative and ...

Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp (JOGMEC) to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release yesterday.   ...

Nearly half of a massive 700-megawatt coal-fired power plant that will fuel the country’s biggest industrial park and feed the national grid is set to be completed by the end of the year, according to officials at the Ministry of Mines and Energy. ...

The Ministry of Commerce yesterday announced revised price caps on fuel sold at retail petrol stations throughout the Kingdom from June 12-21, setting a price ceiling of 3,450 riel per litre on regular gasoline, 3,500 riel per litre on premium gasoline and 3,150 riel per ...

Yong Sheng Global Trading, a subsidiary within the Royal Group conglomerate, signed an exclusive partnership agreement with Posco SS-Vina, a Vietnamese-based steel company, for exclusive distribution rights of construction materials on Tuesday. ...

Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...

Exploration company Angkor Gold Corp is working with NGOs to educate residents of Pate commune’s Plang village in Ratanakiri’s Ou Ya Dav district after villagers refused to give the company permission to explore for gold on their land. ...

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. ...