Extractive Industries

Canadian mineral exploration company Angkor Gold Corp has signed an agreement with Vancouver-based junior mining firm Blue River Resources Ltd to fund exploration of its gold prospects in northeastern Cambodia, the company said in a press release yesterday. ...

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. ...

Construction on a $3 billion oil refining plant, the Kingdom’s first, will start in October this year and is expected to be finished by the end of 2018, according to a senior executive at the signing of a memorandum of understanding (MoU) yesterday. ...

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. ...

Cambodia’s two largest ports and the country’s biggest transport associations agreed yesterday to cut fees on container shipments in response to newly appointed Transportation Minister Sun Chanthol’s industry-wide call on Monday for solutions to reduce the high cost of logistics and transport. ...

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 ...

Australian mining firm Geopacific Resources Ltd completed a successful and productive drilling season last year at its Kou Sa gold and copper project in northern Cambodia, the firm said in its annual report, released yesterday.   ...

The Council of Ministers has granted Petrochemicals (Cambodia) Refinery Ltd permission to conduct two feasibility studies to explore the viability of onshore and offshore gas pipelines, according to a document released yesterday. ...

Authorities in Australia have expanded the scope of their investigation into bribery allegations involving the relatives of Cambodian government officials and the former Cambodian operations of Australian miner OZ Minerals, the firm has announced.   ...

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. ...

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. ...

Low oil prices and internal management changes have forced PetroVietnam Exploration Production Corporation (PVEP), a member of the state-owned Vietnam Oil and Gas Group, to suspend its operations in Kompong Thom, a senior official with the Ministry of Mines and Energy (MME) said yesterday. ...

Conflicting versions of events emerged yesterday after a Battambang man was found dead in a disused gold-mining pit in the province’s Phnom Proek district.   ...

ASX-listed Emerald on Wednesday announced that it had signed a farm-in and joint venture (JV) agreement with fellow-listed Renaissance Minerals to earn a majority interest in a Cambodian gold project. ...

Singapore-based oil and gas firm KrisEnergy has not responded to inquiries from the government on when it will start work on the offshore field it has the rights to in the Gulf of Thailand known as Block A. ...

The drop in the price of gasoline and diesel, following new pricing regulations introduced last week, has been especially cheered by people whose incomes are low. ...

Australian mining firm Geopacific Resources Ltd has made a new discovery of high-grade gold and silver mineralisation during exploratory drilling at a remote site in northern Cambodia, the company said in an announcement yesterday.   ...

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. ...

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. ...

An unlicensed goldmine in Battambang province’s Phnom Proek district has been shut down again, officials and an investigator with rights-group Adhoc said. ...

Cambodia imported 2.55 million tons of petroleum in 2015, up 64 percent from 1.55 million tons in the year before, according to the data of the Ministry of Commerce. ...

RepRisk, the leading provider of dynamic business intelligence on environmental, social, and governance (ESG) risks, has released its Special Report on the Lower Mekong Basin, the second in a series of reports on the Association of Southeast Asian Nations (ASEAN), an economic and political organization ...

Provincial environment department officials shut down a gem mine in Pailin province yesterday, after an inspection found that the operators had not obtained proper authorisation. ...

Thai oil company PTT is looking to expand its retail liquefied petroleum gas (LPG) business into Cambodia and other Asian markets, a company executive said yesterday. ...