ឧស្សាហកម្មនិស្សារណកម្ម
Police Investigating Third Suspect in Mondolkiri Mining Fraud
Police said Thursday they are investigating the possibility of a third suspect who has been implicated in a fraud and forgery case over a mining deal, for which a Cambodian businessman and a Chinese associate are already awaiting trial. The Phnom Penh Municipal Court on Tuesday ...
Simon Lewis and Eang Mengleng
http://www.cambodiadaily.com/news/police-investigating-third-suspect-in-mondolkiri-mining-fraud-41441/
Businessmen Charged Over Mining Deal Fraud
The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an unknown complainant said ...
Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/
Court Questions Cambodian, Chinese Businessmen Over Fraud
The Phnom Penh Municipal Court on Monday questioned two businessmen over allegations of fraud and using forged public documents, including claims they faked a signature from Prime Minister Hun Sen in a mining transaction, court and police officials said. Deputy prosecutor Var Sakada said Cambodian Al ...
http://www.cambodiadaily.com/news/court-questions-cambodian-chinese-businessmen-over-fraud-40923/
Blending may fuel energy sector
A container storage facility off the coast of Preah Sihanouk province that allows Cambodia to blend oil before export could hold the key to sustainable growth in the country’s nascent energy sector, according to a Danish oil and gas expert. With Chevron positioned to lead offshore ...
Daniel de Carteret
http://www.phnompenhpost.com/business/blending-may-fuel-energy-sector
Cambodia's oil imports down 5.6 pct in first half of 2013
Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm
Cambodian needs effective policy measures for power sector: report
Cambodia requires effective policy measures to accelerate its development plans for the power sector, according to the summary of a market research report distributed Saturday. UK-based PR Carbon said the report noted that Cambodia’s power sector comprise targets for developing a national power grid to distribute ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTNkZjkxMjU2OTc
Gem miners ordered to halt excavation by gov’t
The Pailin provincial governor has ordered a gem-mining firm to stop excavating land in a conservation area, local officials said yesterday. According to Lim Bou, chief of Boya-kha commune in Pailin town, local authorities received the order after it came to light that a firm ...
Phak Seangly and Kevin Ponniah
http://www.phnompenhpost.com/national/gem-miners-ordered-halt-excavation-gov%E2%80%99t
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/
Ratch pulls out of JV for Cambodia power plant
Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...
Garment Sector Stable Despite Workers Leaving Jobs
The Garment Manufacturers Association in Cambodia (GMAC) yesterday said a recent exodus of workers from factories in Phnom Penh to the provinces over concerns related to a recent military build up in the capital would not threaten stability in the sector. Ken Loo, secretary-general of GMAC, ...
BHP Billiton Faces Bribery Charges After Abandoned Project
The U.S. Department of Justice (DOJ) and the country’s financial regulator have informed Australia-based mining giant BHP Billiton it could still be charged over allegations the company bribed overseas officials, which include claims of improper payments to members of the Cambodian government. Prime Minister Hun Sen ...
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 ...
Union wins benefits for garment workers
Most demands made by workers at a Takeo province garment factory were met following a large protest and five hours of negotiation. Asia Dragon (Garment) Co Ltd mediated with the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU), making concessions on most of the workers’ 16 ...
http://www.phnompenhpost.com/national/union-wins-benefits-garment-workers
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's oil import down by 2 pct in 5 months
Cambodia imported 727,500 tons of petroleum in the first five months of the year, a 2 percent drop from 744,700 tons a year earlier, the figures of the Ministry of Commerce showed Saturday. A liter of premium gasoline goes for 1.38 U.S. dollars in Phnom ...
http://www.asean-china-center.org/english/2013-07/22/c_132563149.htm
Gems in the rough in Ratanakkiri
“These are the best quality stones,” Lat Yun says with a grin. Nestled in his outstretched hand are three unassuming rocks. “I don’t know what they’re called, I just know they’re the best.” The gemstones of Ratanakkiri are a mineral called zircon, but in Cambodia, they ...
http://www.phnompenhpost.com/national/gems-rough-ratanakkiri
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
Cargo Traffic Grows at Sihanoukville Port
The total weight of goods transported through the Sihanoukville Autonomous Port in the first six months of the year was up 15 percent compared with the same period last year, according to figures released Thursday. Some 1.51 million tons of goods passed through the port in ...
http://www.cambodiadaily.com/business/cargo-traffic%E2%80%88grows-at-sihanoukville-port-34628/
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
Despite Law, Minority Rights Receive Very Few Protections
The government does little to protect the rights and livelihoods of the country’s many ethnic minorities who are under constant threat from rapid development, representatives of indigenous groups said yesterday. “We have polices laws and guidelines to protect indigenous people, but we see that it doesn’t ...
In Mondolkiri, Political Candidates Address Ethnic Minority Concerns
Human rights workers and other civil society groups on Wednesday urged the competing political parties for July’s election to address the ongoing land crises and illegal deforestation that are hurting indigenous populations. About 100 people from various ethnic minority groups from five provinces attended a forum ...
New Coal Plant to Tackle Blackouts
National energy supplier Electricite du Cambodge (EdC) on Monday announced that a 50-MW coal-fired power plant in Preah Sihanouk province is ready to come online this week and will solve Phnom Penh’s chronic blackouts. The statement does not mention which power plant had been completed, ...
http://www.cambodiadaily.com/news/new-coal-plant-to-tackle-blackouts-31220/