Geopacific Resources to update capital raising for copper project in Cambodia
Geopacific Resources (ASX: GPR) is in pre-open following the ASX granting the company a trading halt, pending an announcement regarding a proposed capital raising in the form of a placement to sophisticated investors. Geopacific is focused on the highly prospective Kou Sa copper project in Cambodia, ...
Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer ...
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
Court Hears Anti-Government Movement Case
The Court of Appeal on Tuesday began hearing the appeal of six men sentenced to between 15 and 17 years jail in 2011 for forming an armed anti-government force called the Sovanna Phum, or Golden Village, in 2006. The men‚ Chea Sarann, 51; Liv Soksovann, 51; ...
Khy Sovuthy
http://www.cambodiadaily.com/news/court-hears-anti-government-movement-case-44155/
Easier to invest in Cambodia
Chongqing and Phnom Penh will become sister cities, after which it will be more convenient for those Chongqing enterprises to invest in Cambodia. Cambodia is an important trading partner for Chongqing and it has become one of the major countries for the development strategy of “going ...
Daily Economic News Staff
http://www.dailyeconomic.com/2013/Asia-Pacific_0927/1928.html
OZ takes Renaissance scrip for cash
OZ Minerals has emerged with 16 per cent of Cambodia-focused Renaissance Minerals after agreeing to push back a deal that could have forced the gold explorer to stump up a $10 million payment on its Okvau deposit in the South-East Asian nation. Renaissance’s purchase of the ...
The West Australian News Staff
http://au.news.yahoo.com/thewest/business/a/-/wa/18874668/oz-takes-renaissance-scrip-for-cash/
Geopacific Resources outlines rights issue, funds to advance copper project in Cambodia
Cambodian-focused Geopacific Resources (ASX: GPR) has now released its 10 for 17 non-renounceable rights issue which will raise up to A$3.0 million at $0.05, and forms part of a larger funding package. In August GPR outlined a funding package which will include an equity placement of ...
Proactive Investors Australia News Styaff
http://www.proactiveinvestors.com.au/companies/news/47714/geopacific-resources-outlines-rights-issue-funds-to-advance-copper-project-in-cambodia-47714.html
Australian company finds 'significant' mineral deposits in Preah Vihear
Australia’s Geopacific Resources NL said Thursday it had found “significant” amounts of gold, copper and molybdenum at its Kou Sa project in Preah Vihear. In a statement, the mineral explorer said the results of the first phase of its soil-sampling program had also found “associated multi-element ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGViOWQwNzllY2F
Wife of Pailin Governor Reaps Benefits From Casino Deal
Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...
Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/
Villagers Concerned Over Impact of Gold Mine
More than 700 families living in Stung Treng province’s Siem Pang district have appealed to local authorities, demanding that they intervene to stop a Chinese company mining gold near their homes. Sin Dan, chief of Thma Keo commune, said he had delivered the petition to both ...
Renaissance Minerals to raise $2.2m for Cambodian gold quest
Renaissance Minerals (ASX: RNS) will increase its cash position to further develop its Cambodian Gold Projects, after receiving firm commitments for the placement of 44 million shares at $0.05 to raise $2.2 million. Renaissance will now be funded to advance its wholly-owned Cambodian Gold Project, where ...
Astra Says Gold Exploration Project Still On
An Australia-based firm that announced a plan to explore for gold in Ratanakkiri province insisted Monday that its Cambodian venture is still on track, despite allegations made in an Australian newspaper that it has garnered investment based on false information. Astra Resources, which has companies incorporated ...
http://www.cambodiadaily.com/business/astra-says-gold-exploration-project-still-on-36194/
Cambodia sees gold price dip
Gold prices in Cambodia are down about 27 per cent from January through June, according to the Ministry of Commerce. Gold trade changed little yesterday after the biggest drop in almost two weeks in response to the US Federal Reserve Chairman Ben S Bernanke’s comments ...
http://www.phnompenhpost.com/business/cambodia-sees-gold-price-dip
Demand for Gold Rises as World Price Falls
Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...
http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/
Lao Dams, Mining Ruining Sekong Water Quality in Cambodia
Dam-building and gold mining in southern Laos are ruining water quality downstream on the Sekong River in Cambodia, where villagers are no longer able to drink or use the water, according to an environmental group. The activities undertaken by Lao and Vietnamese companies on the Sekong’s ...
http://www.rfa.org/english/news/laos/sekong-06252013190742.html
Angkor finds visible gold in Ratanakkiri
Canadian miner Angkor Gold has found “visible gold in the soil samples” in the Otray prospect in Ratanakkiri province, which hints at possibly larger reserves, said CEO and chairman Mike Weeks in a press release published on Wednesday. ...
http://www.phnompenhpost.com/2013053165964/Business/angkor-finds-visible-gold-in-ratanakkiri.html
Mine Safety Law on Agenda
The government plans to draft a law designed to govern safety standards in the Kingdom’s mining industry, an official said yesterday, little more than a week after at least one gold miner went missing when a shaft collapsed in Preah Vihear province. Khieu Muth, a secretary ...
http://www.phnompenhpost.com/2013053165981/National/mine-safety-law-on-agenda.html
Seven Feared Trapped in Gold Mine Collapse
A gold mine shaft has collapsed in Preah Vihear province, trapping at least seven miners, officials said Monday. The collapse took place in a shaft that is typically mined by up to 60 people at a time, he [Rovieng Police Chief Sin Thorn]. Sin Thorn said ...
http://www.voacambodia.com/content/seven-feared-trapped-in-gold-mine-collapse/1664837.html
Gold resource in northeastern Cambodia estimated at 1.2 mln ounces
Australia’s Renaissance Minerals (Cambodia) Ltd. unveiled Thursday that it estimated that gold resource[s] at O’kvau area in Cambodia’s Mondolkiri province could be as much as 1.2 million ounces, the firm’s Managing Director Justin Tremain said. Speaking during a meeting with Cambodian Minister of Industry, Mines and ...
Firm to Develop Gold Mine in Ratanakkiri
A subsidiary of Indian firm Mesco Steel has arrived in Cambodia to begin developing a gold mine in Ratanakkiri province, according to an investor involved in the deal. Mesco Gold has paid a fee of $1.2 million to Canada-listed exploration firm Angkor Gold to develop a ...
http://www.cambodiadaily.com/business/firm-to-develop-gold-mine-in-ratanakkiri-19319/
Chinese Firms Foresee Industrial Hub in Preah Vihear
Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...
Renaissance upgrades Okvau
Shares in Renaissance Minerals jumped after the company announced a 1.2 million ounce gold resource at its Okvau deposit in Cambodia. Emerging from the trading halt this morning, the company revealed an indicated and inferred resource of 15.6 million tonnes at 2.4 grams per tonne gold ...
http://au.news.yahoo.com/thewest/business/a/-/national/16325176/renaissance-upgrades-okvau/
Extraction ahead of schedule
Mesco Gold has established drilling and exploration resources at the Phum Syrang prospect in Ratanakkiri province, targeting extraction by late 2014, three to six months ahead of schedule, according to a statement released by Angkor Gold, which holds the land concession. The statement said Mesco had ...
http://www.phnompenhpost.com/2013030861824/Business/extraction-ahead-of-schedule.html
Gold rush in Prey Lang forest
For four years now, this mineral-flecked land deep inside the Prey Lang forest has drawn thousands of small-scale seasonal miners. There are perks to working the dry season: space is one, avoiding the unofficial “taxation” system is another. For years, development agencies have urged a sweeping ...
http://www.phnompenhpost.com/2013021361348/National/gold-rush-in-prey-lang-forest.html
Greener Pastures
Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous. Exporters say their performance was weak last year, mirroring the country’s overall decline in rice exports, which plunged ...
http://www.bangkokpost.com/business/economics/335303/greener-pastures