Extractive Industries

Workshop Calls for Revenue Transparency in Oil, Gas Sector

The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive Industries and Revenue Management, which was held in Phnom Penh on Friday by ...

October 2012 Maps Update

– Economic Land Concessions (Government Data Complete 16 items) Click here to download – Mining ( Secondary Source Data 19 items) Click here to download ...

Indochine Mining Limited (ASX:IDC) Successful Capital Raising

Indochine Mining Limited (ASX:IDC.AX – News) is pleased to announce a successful capital raising from existing institutional shareholders and a new major global fund Indochine Mining Limited (ASX:IDC.AX – News) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding ...

http://au.finance.yahoo.com/news/indochine-mining-limited-asx-idc-031410444.html

PTT sets Bt6bn budget for 5-year expansion

PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...

http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html

Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

http://www.globaltimes.cn/content/740110.shtml

Kompong Thom Prepares to Halt 100 Illegal Miners

Kompong Thom provincial officials will stop illegal gold mining in seven locations in Sandan district’s Meanrith commune come November, provincial and district officials said. About 100 residents of Meanrith have been illegally digging for gold in the district for several years, provincial deputy governor King Vimean ...

Runoff From Illegal Gold Mines Cause Cow Deaths

Toxic runoff from small-scale gold mining operations in Battambang province killed two cattle on Wednesday, the latest casualties from pollution in the area led to the closing of more than 100 mines earlier this year. Officials from the provincial mines department yesterday said they were unaware of ...

Gold struck in Mondulkiri

An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the   longer term. Renaissance Minerals managing director Justin Tremain told the ...

http://www.phnompenhpost.com/index.php/2012101159244/Business/gold-struck-in-mondulkiri.html

Cambodia Hopes to Benefit from Joint Oil Project

Cambodia will receive most of the income derived from a joint project to exploit promising offshore oil reserves, official sources have confirmed here. Ek Tha, spokesman for the Cabinet Office said that in negotiations with Chevron, the government proposed reaping 70 to 80 percent of the ...

http://www.plenglish.com/index.php?option=com_content&task=view&id=576551&Itemid=1

PTT signs agreement to set up retail oil venture in Myanmar

PTT Plc, the national energy conglomerate, is moving forward with plans to establish a retail oil business in Myanmar by working with a local partner Currently, oil consumption per head in the neighbouring country is very low at 38 litres annually, compared to 140 litres in ...

http://www.bangkokpost.com/business/economics/314856/ptt-signs-agreement-to-set-up-retail-oil-venture-in-myanmar

Cambodia eyes domestic oil production, refinery for energy security: official

Cambodia is working on three fronts to improve its energy security and supply, including the development of its first oil-producing asset, looking for ways to resolve a disagreement over disputed territory in the Gulf of Thailand, and studying the economic viability of building its own ...

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7105582

Companies aim to be socially minded

Four companies in Cambodia — EZECOM, Manulife Cambodia, Angkor Gold and Unilever — have demonstrated their commitment to corporate social responsibility this month by giving support to schools, a hospital and sustainable living. CSR Asia, the leading provider of information, training, research and consultancy services on ...

http://www.phnompenhpost.com/index.php/2012092558888/Business/cambodian-companies-aim-for-corporate-social-responsibility.html

Cambodian king visits Vietnam to cement bilateral ties

Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...

http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm

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