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Company |
Xing Yuan Kanng Yeak Co., Ltd. |
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Company profile |
XING YUAN KANNG YEAK Co., Ltd is a Cambodian-foreign corporation (Cambodia-China) registered with the Ministry of Commerce with an initial investment of 20,000,000 Riels on January 10, 2011. The company has obtained a mining exploration license from the Ministry of Industry, Mines and Energy to explore for gold ore under letter No. 662, dated August 6, 2010, covering a total area of 28 (twenty-eight) square kilometers. . The company plans to invest an additional $ 15,000,000 to set up a gold production system and infrastructure and road construction. |
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Registration investment capital |
KHR 20,000,000
USD 15,000,000 |
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Company registration date |
Business License (1st time) No. 727, dated 18 August 2008 of the Ministry of Industry, Mines and Energy. B-Letter No. 015 dated 18 August 2010 request for extension. Business license in Ochhech Lak area, Sambo district, Kratie province: by Xing Yuan Kanng Yeak Co., Ltd. C-Letter No. 016 dated May 18, 2010 requesting to keep the area of 28 square kilometers in the area of Ochchek Khnok, Sambo District, Kratie Province of Xing Yuan KangYeak Co., Ltd. D. Business License (2nd) No. 662, dated August 06, 2010 of the Ministry of Industry, Mines and Energy, authorizes Xing Yuan Kang Yeak Co., Ltd. to conduct metal exploration studies. Continue in Ochchikrok area, Sambo district, Kratie province on an area of 28 (twenty-eight) square kilometers. |
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Company registration code |
Letter No. 662, dated August 06, 2010 |
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Director |
Tang Rudong |
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Director residence |
China-Cambodia |
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Company address |
The company has its headquarter in Building 1, corner of Street 211.138, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Tel: 097 642 70 78/011 232 911 and Email: twc007@msn.com |
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Status of the EIA reports |
Initial Environmental and Social Impact Assessment |
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State agency |
Ministry of Environment
Ministry of Mine and Energy |
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Site |
The first research on an area of 2050 hectares located in O'Lik Khlak area, Kbal Damrey commune, Sambo district and Sambok commune, Chit Borey district, Kratie province. |
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Village |
O'Klik Klock |
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Commune |
Kbal Domrey |
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District |
Sombou |
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Province |
Kratie |
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Contract duration |
Not found |
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Size in Hectare |
XING YUAN KANNG YEAK Co., Ltd has prepared for the construction of 6-hectare and 66-hectare gold mining production system and workers' accommodation for solid waste storage. |
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Type of concession |
Gold Mining Research Project |
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EIA company |
Green Consultancy Firm (GCF) |
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Backgrounds of EIA company |
Not found |
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Address of EIAs company |
Not found |
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Relevants law |
Law on Environmental Protection and Natural Resource Management
Land law
Labor Law
Law on Management and Exploitation of Mineral Resources
Fisheries Law
Biosafety Law
Forest Law
Law on Water Resources Management in the Kingdom of Cambodia
Sub-Decree on Environmental Impact Assessment Process
Sub-Decree on Water Pollution Control
Sub-Decree on Solid Waste Management
Sub-Decree on the Control of Air Pollution and Noise |
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Revenues and expenditures |
With an annual ore processing capacity of 62,400 tons, the average gold rate from the three trumpets is 2.7 g / ton, the average copper rate is 0.15% or 150 g / ton, the gold price is 45, $ 1 gram The cost of crushing copper ore is equal to $ 5,500 / ton. Therefore, the annual gold production is equal to 62,400 x 2.7 x 85% = 143208 grams. Equivalent to 7,956 tons. For the annual selling price of mineral products: 143208 grams of gold x 45.01 = 6445792 dollars and 7,956 tons of copper x 5500 = 43758 dollars. Therefore, the regular income is equal to $ 6445790 + $ 43758 = $ 6489550. Dividend for the company: The annual sales price of $ 6489550 and the cost of research, exploration, production and extraction in the first year totaling $ 9375800, so the gross income after payment of production costs is equal to (64899550 dollars $ 9375800 - $ 2886650). The obligation to pay tax and annual land concession fee is equal to $ 846371.50, including: (1) Exploration fee for 22 square kilometers equal to ($ 15 x $ 22-330) 06 square kilometers ($ 400 x 6 = $ 2400) (3) 3% moving fee on the day of sale is equal to (64899550 x 3% = 194686 USD) and (4) 10% export tax on Export product is equal to 64899550 X 10% = 648955 USD. " |
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Social alnd environmental impacts |
Not found |
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Employment opportunity |
Not found |
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Public participation |
On March 3, 2011, the Green Consulting Team held a public consultation with 14 provincial and district leaders, directors and deputy directors of relevant departments and representatives of Xing Yuan Kanng YEAK Co., Ltd. The minutes of this meeting, pages 101-105, will be held on January 20, 2011. The working group met directly with the local authorities, consisting of commune chiefs, first deputy chiefs, second deputy chiefs, village chiefs, deputy chiefs and a total population. 36. The content of this meeting is on pages 116-117 after the minutes of the report of the provincial leadership. |
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Land converted from |
"Green Consultant Firm has researched and assessed the first environmental and social impacts on the gold mining project located in O'Klik Khlak, Kbal Damrey Commune, Sambo District and Sambok Commune, Chit Borey District, Kratie Province on January 14, 2011 Under the service contract with XING YUAN KANNG YEAK Co., Ltd. |
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Environmental management plan |
"The Company uses the Ministry of Environment's Joint Guidelines and the Rapid Environmental Assessment Schedule (REA - Rapid Environmental assessment Checklist - Environmental Guideline, ADB-2003 and WB-PPAH, 1998) to identify the initial environmental and social impacts that may result from Gold mining research activities. Mining is a closed pit and the method of gold mining in this area uses mechanical methods. Green Sinsen SeaFim visited the first environmental and social impact assessment of the gold mine research project located in O'Klik Khlak, Kbal Damrey Commune, Sambo District and Sambok Commune, Chit Borey District, Kratie Province on the 14th. January 2011 Under the service contract with XING YUAN KANNG YEARK Co., Ltd. |
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Development plan |
"Green Consultant Firm has researched and assessed the first environmental and social impacts on the gold mining project located in O'Klik Khlak, Kbal Damrey Commune, Sambo District and Sambok Commune, Chit Borey District, Kratie Province on January 14, 2011 Under the service contract with XING YUAN KANNG YEAK Co., Ltd. |
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Mitigation strategies |
Through field studies, it is revealed that the location of XING YUAN KANNG YEAK Co., Ltd. Prepare for the construction of gold mining production system and accommodation for workers in the area of 6 hectares and 66 hectares to store solid lead |
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Environmental and social funds |
The obligation to pay taxes and rent for annual land concessions is equal to $ 84,631.50, of which
1. the exploration fee for 22 square kilometers is equal to ($ 15 x 22 = $ 330)
2. the rent for mining area 06 Square kilometers ($ 400 x $ 6 = $ 2,400) (3) 3% mineral royalties equal to (64489550 dollars x 3% = $ 194686) and (4) 10% export tax on products Export is equal to $ 6489550 x 10% = $ 648955. Annual social and environmental support of $ 100,000. |
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EIA publication year |
2011 |
