Extractive Industries

Cement material exploration rights offered in Kampot

The government has issued an open invitation to apply for a 155ha mineral exploration licence in northern Kampot province that officials claim has great investment potential for cement production. ...

May Kunmakara
https://www.phnompenhpost.com/business/cement-material-exploration-rights-offered-kampot

Fleets of sand barges cross border as exports quietly restarted

Just a few years after U.N. trade data showed evidence of a massive discrepancy in sand exports to Singapore, the Cambodian government has quietly resumed selling the commodity overseas. ...

Andrew Haffner
https://vodenglish.news/fleets-of-sand-barges-cross-border-as-exports-quietly-restarted/

Kingdom’s share in crude oil sale $14.21M

Cambodia is set to receive more than $14 million in proceeds from the sale of nearly 300,000 barrels of crude oil stolen by the Bahamas-flagged tanker MT Strovolos last year following a payment dispute with the Apsara oil field’s Singaporean developer, KrisEnergy, according to a ...

https://www.phnompenhpost.com/business/kingdoms-share-crude-oil-sale-1421m

New firm starts gold extraction in Kratie Province

A new gold extraction firm Xing Yuan Kanng Yeak Co., Ltd, has started commercial gold extraction operation in its licensed areas in Kratie province, with a capacity of 20 kilogrammes of gold doré a month in the first stage, according to the Ministry of Mines ...

Chea Vanyuth
https://www.khmertimeskh.com/501166679/new-firm-starts-gold-extraction-in-kratie-province/

Cambodia imports oil, gas products worth $2.84 billion in first 9 months

Cambodia imported oil and gas products worth $2.84 billion in the first nine months of 2022, up 66 percent from $1.71 billion in the same period last year, according to a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501166331/cambodia-imports-oil-gas-products-worth-2-84-billion-in-first-9-months/

Canadian firm granted oil, gas exploration, production licence

The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...

May Kunmakara
https://www.phnompenhpost.com/business/canadian-firm-granted-oil-gas-exploration-production-licence

Jan-Aug iron, steel imports up 20% on-year

Cambodia imported $244.754 million worth of “iron and steel” in the first eight months of 2022, up 19.97 per cent from the $204.018 million recorded over the same time in 2021, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-iron-steel-imports-20-year

Cambodia to receive 70% of stolen oil revenue

Cambodia is slated to receive 70 percent of revenue from crude oil that was stolen by a tanker after a dispute with Singapore’s KrisEnergy which abandoned an offshore oil block off Cambodian waters. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-to-receive-70-of-stolen-oil-revenue

Kingdom set for multi-million dollar oil payday in Oct

Cambodia expects to receive millions of dollars next month in proceeds from the sale of nearly 300,000 barrels of crude oil stolen by the Bahamas-flagged tanker MT Strovolos last year following a payment dispute with the Apsara oil field’s Singaporean developer, KrisEnergy, according to a ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-set-multi-million-dollar-oil-payday-oct

CDC greenlights 17 projects worth over $140M in Aug as investments diversify

The Council for the Development of Cambodia (CDC) has approved five new projects in solar panel manufacturing, healthcare, tourism, mining, and textiles, with total investment of more than $82 million that are expected to create nearly 2,000 jobs. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-greenlights-17-projects-worth-over-140m-aug-investments-diversify

Youths lobby for tax on extraction

The NGO Youth Resource Development Programme (YRDP) has launched a campaign to promote and lobby for the establishment of an “extractive industries fund”, with more than 100 youths from various universities participating. ...

Long Kimmarita
https://www.phnompenhpost.com/national/youths-lobby-tax-extraction

Sand mining is threatening the lives of people in Phnom Penh and Kandal province

Experts claim that the Tonle Bassac sand mining is very significant for the construction sector and a source of revenue for the national budget, but some people are being severely negatively affected by the sand mining in those areas. ...

Vann Vichar
https://khmer.cambojanews.com/sand-business-is-threatening-the-lives-of-some-people-in-phnom-penh-and-kandal-province/

Despite huge gas potential, OCA negotiation makes little progress

Even though Cambodia and Thailand recognise that the Overlapping Claims Area (OCA) holds a huge quantity of natural gas and resources for both countries, the negotiation of sharing benefits has not crossed their minds since the dispute started over three decades ago, according to a ...

Kang Sothear
https://www.khmertimeskh.com/501136633/despite-huge-gas-potential-oca-negotiation-makes-little-progress/

New gold mining company starts trial operation in Preah Vihear province

Delcom Campuchea Plc., a joint venture between local and Chinese investors, has started its trial operation in Preah Vihear northern province since early August, extracting about 20 kilogrammes of gold ore. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130203/new-gold-mining-company-starts-trial-operation-in-preah-vihear-province/

Australian miners find gold in Mondulkiri

Australian mining company Renaissance Minerals has produced its first gold in Cambodia’s Mondulkiri province, earning the Cambodia government $5.1 million in taxes, a senior government official said on Tuesday. ...

Chhorn Raksmey
https://kiripost.com/stories/australian-miners-find-gold-in-mondulkiri

Cambodia expects to get $18M from first oil sale

Cambodia will generate its first revenue of about $18 million by selling nearly 3,000 barrels of crude oil to a Singaporean firm if the government approves the latest results of the negotiations between Cambodian officials, the shipment company and the buying firm, according to a ...

Kang Sothear
https://www.khmertimeskh.com/1129068/cambodia-expects-to-get-18m-from-first-oil-sale/

Cambodian gold production tops 3.5 tonnes in early Aug

Cambodia’s two gold producers have pumped out 252 semi-refined gold bars weighing 3,563kg as of the beginning of this month, according to a senior mining official on August 9. ...

Hom Phanet
https://www.phnompenhpost.com/business/cambodian-gold-production-tops-35-tonnes-early-aug

Canada firm mulls offshore oil extraction in Kingdom’s Block A

Canadian-owned company EnerCam Resources Co Ltd (EnerCam) is studying the possibility of investing in oil extraction from Cambodia’s offshore Block A after the government terminated an agreement with Singapore-based KrisEnergy Ltd, after the oil and gas exploration company went bankrupt last year. ...

Hom Phanet
https://www.phnompenhpost.com/business/canada-firm-mulls-offshore-oil-extraction-kingdoms-block

Indonesian Embassy holds batik, jewellery workshops in Siem Reap

The Indonesian Embassy in Cambodia introduced the art of batik making and Indonesian jewellery styles by hosting two major workshops in Siem Reap. ...

Khmer Times Staff
https://www.khmertimeskh.com/501080405/indonesian-embassy-holds-batik-jewellery-workshops-in-siem-reap/

Japan to help Cambodia with roadmap to carbon neutrality

The Ministry of Mines and Energy and the Japan International Cooperation Agency (JICA) signed a memorandum of understanding (MoU) on April 29 on the implementation of a project to prepare the Kingdom’s transition to clean energy and a roadmap to carbon neutrality. ...

Ry Sochan
https://www.phnompenhpost.com/national/japan-help-cambodia-roadmap-carbon-neutrality

High Fuel Prices a Blow to Cambodia’s Covid-hit Tourism Sector

The Cambodian government has lifted all COVID-19 travel restrictions in the hopes of boosting the hard-hit tourism industry, but now businesses say sanctions on Russia and the resulting high energy prices are hampering the sector’s recovery. ...

Sorn Sarath
https://cambojanews.com/high-fuel-prices-a-blow-to-cambodias-covid-hit-tourism-sector/

Malacca, Malaysia delegation eyes four local sectors for investment

Leaders and businesspeople from the Malaysian state of Malacca have vowed to promote investment among compatriots in four target Cambodian sectors – education and vocational training; real estate; mining; and energy, according to the Council for the Development of Cambodia (CDC). ...

Hin Pisei
https://www.phnompenhpost.com/business/malacca-malaysia-delegation-eyes-four-local-sectors-investment

B Meanchey hill excavation banned

Authorities in Banteay Meanchey province banned all activity related to excavation on Phnom Bak in Sisophon town to preserve it as a natural heritage site. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/b-meanchey-hill-excavation-banned

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