Company Meng Xin Hong Fa (Cambodia) Resource Investment Co.,Ltd
Company profile The company has a long standing expertise on mining industry locally and internationally. Currently, the company is operating mining business in 3 countries, including China, Vietnam and Cambodia, and intend to extend its operations in other ASEAN countries. It is under the umbrella of Khmer First Investment Holding Group established in 2010.
Registration investment capital KHR 20,000,000,000
Company registration date 3-Jan-12
Company registration code 6,258
Director Cao Yunde
Director residence China
Company address #47, St. Standford, Tonle Bassac, Chamkarmorn, Phnom Penh
Status of the EIA reports Completed study
State agency Ministry of Mines and Energy
Site The project location is about 300km from Phnom Penh, and 102km from Siem Reap town.
Village Kvarv
Chong Spean
Roveang
Commune Kvarv
District Chi Kraeng
Province Siem Reap
Contract duration 30 years
the contract is renewed every 10 years if the mining operation could indicate the mining area still have commercial viability.
Size in Hectare 3,600
Type of concession Mine exploration and exploitation
EIA company Creative Green Design Co., Ltd
Backgrounds of EIA company Not found
Address of EIAs company #322P, St. 271Z, Terk Tla, Khan Resey Keo, Phnom Penh. Tel: (855-11) 845 695/ 097 204 6789, Email: saphoeuntous09@yahoo.com, Website: www.CREATIVE09.com
Relevants law The assessment and reporting follow relevant 15 national legal frameworks including 9 laws, 4 sub-decrees, Retangular Strategy, and 1 Prakas.
Revenues and expenditures The projection of Total Future Value (FV) Cost within 10 years is USD 225 million, and Total Present Value (PV) cost USD 184.938 million. While the estimated Total PV benefit is USD 204.147 million excluding other expendictures.
Social alnd environmental impacts The project contributes to? the increase of employment opportunities, the improvement of local economy and infrastructures, tax incomes, and the allocation of its profits for social and environmental funds.
Employment opportunity Employed 30 local people and expected to provide more jobs between 150-200 workers in the first quarter of 2015.
Public participation The environmental and social impact assessment on this project has been discussed for two times with stakeholders from provincial department, district governors, commune chief, village chief, and 3 villages surrounding the project area.
Land converted from The mining concession area located in forested areas which classified into 4 types, including 632ha of evergreen forest, 31ha of semi-evergreen forest, 2,243ha of decidous forest and 694ha of non-forest areas. The project affected 91ha of evergreen forest and 428ha of decidous forest.
Environmental management plan The company has environmental management plan, environmental monitoring and audit plan
Development plan Development plan in the concession areas such as infrastructure, healthcare center, school and others
Mitigation strategies The company has mitigation stategies with holding standard for mining procedure and providing water and sanitation to the employee, and pre-consult with the local community and authority before clearing the land.
Environmental and social funds USD 60,000 per year or USD 600,000 for 10 years
EIA publication year 2015

Reference documents

[Draft] Completed environmental and social impact assessment report (EIA) for copper mining project in Khvav commune, Chi Kraeng district, Siem Reap province
Meng Xin Hong Fa (Cambodia) Resources Investment Co. Ltd. is under the umbrella of Khmer First Investment Holding Group established in 2010. This report is to study the environmental and social impact of the project of exploitation and extractive copper factory in Siem Reap province.