Extractive Industries
A $50M copper mine at Kou Sa site envisaged
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. ...
Post Staff
http://www.phnompenhpost.com/business/50m-copper-mine-kou-sa-site-envisaged
Mining companies told to comply
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. ...
Pav Suy
http://www.khmertimeskh.com/news/26950/mining-companies-told-to-comply/
Illegal mining continues in Ratanakiri
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. ...
Chea Vannak
http://www.khmertimeskh.com/news/26686/illegal-mining-continues-in-ratanakiri/
Local gold sales spike following Brexit vote
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. ...
Hor Kimsay
http://www.phnompenhpost.com/business/local-gold-sales-spike-following-brexit-vote
Gold mine license suspended again
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. ...
Chea Vannak
http://www.khmertimeskh.com/news/26377/gold-mine-license-suspended-again/
Making precious stones shine globally
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 ...
Chea Vannak
http://www.khmertimeskh.com/news/26271/making-precious-stones-shine-globally/
Oil and gas imports fall: ministry
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 ...
Sok Chan
http://www.khmertimeskh.com/news/26222/oil-and-gas-imports-fall--ministry/
JOGMEC to explore for gold in Ratanakkiri
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. ...
Post Staff
http://www.phnompenhpost.com/business/jogmec-explore-gold-ratanakkiri
Giant coal plant taking shape in Sihanoukville
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. ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/giant-coal-plant-taking-shape-sihanoukville
Fuel price caps steady as crude heating up
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 ...
Post Staff
http://www.phnompenhpost.com/business/fuel-price-caps-steady-crude-heating
Royal Group gets exclusive steel deal from Posco
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. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/royal-group-gets-exclusive-steel-deal-posco
Fuel prices steadily increase
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. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fuel-prices-steadily-increase
Ethnic community rejects mineral exploration
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. ...
Ven Rathavong
http://www.khmertimeskh.com/news/25519/ethnic-community-rejects-mineral-exploration/
New firm seeks to enter gold trading
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 ...
Cheng Sokhorng and Kali Kotoski
http://www.phnompenhpost.com/business/new-firm-seeks-enter-gold-trading
Sand dredging licences secretly soaring
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 ...
Ayanna Runcie
http://www.phnompenhpost.com/business/sand-dredging-licences-secretly-soaring
Ministry findings hint at illegal gold mining in Ratanakkiri
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 ...
Yesenia Amaro
http://www.phnompenhpost.com/national/ministry-findings-hint-illegal-gold-mining-ratanakkiri
Russian crude oil imports not on refinery’s wishlist
Russia is looking to expand its crude oil exports to ASEAN countries – including Cambodia – despite the Kingdom being years away from having refinery capabilities. ...
Kali Kotoski
http://www.phnompenhpost.com/business/russian-crude-oil-imports-not-refinerys-wishlist
New EIA rules for mining
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. ...
Kali Kotoski
http://www.phnompenhpost.com/business/new-eia-rules-mining
Australian firms in JV for exploratory drilling
Renaissance Minerals and Emerald Resources finalised a joint venture agreement and commenced exploratory drilling near the Okvau gold deposit in Mondulkiri province. ...
Post Staff
http://www.phnompenhpost.com/business/australian-firms-jv-exploratory-drilling
Emerald back on ASX after turning to gold
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. ...
Post Staff
http://www.phnompenhpost.com/business/emerald-back-asx-after-turning-gold
Blue river buys into Cambodian gold hunt
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. ...
Cam McGrath
http://www.phnompenhpost.com/business/blue-river-buys-cambodian-gold-hunt
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
First oil refinery a step closer
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. ...
Sok Chan
http://www.khmertimeskh.com/news/24607/first-oil-refinery-a-step-closer/
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