ឧស្សាហកម្មនិស្សារណកម្ម
Koh Pich hopes gem fair shines
The five-day Cambodia Gems & Jewelry Fair (CGJF) will kick off on June 14 at the Diamond Island (Koh Pich) Exhibition Centre and will be hosted by the Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair Ltd. the CGJF has attracted companies ...
4th Cambodia Gems And Jewelry Fair
Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair (International) Limited as International sole agent), the annual national flagship jewelry fair – The 4th Cambodia Gems & Jewelry Fair (4th CGJF), will be held on June 14 to 17, 2012 at Diamond Island Convention & Exhibition Centre (Koh Pich), at the ...
Gold Being Sold Fast as Int’l Price Drops
The falling price of gold on international markets is leading to high sales of the precious metal in Cambodia as consumers fear prices could continue to tumble, gold traders said yesterday. Gold on the international market traded at $1,632.90 per troy ounce in New York yesterday ...
Officials say Cambodia's price rises manageable
Cambodia’s inflation rose by 5.49 per cent year-on-year in the first quarter of the year, due to increases in food and fuel prices, according to the monthly data from the National Institute of Statistics compiled by the Post. However, economists and government officials said they were ...
Samdech PM Appeals Aligning Oil Price to Food Price
Samdech Prime Minister Hun Sen appealed to the world to harmonize energy prices to food prices as food production shouldn’t outstrip the consumption of volatile fuels while food price remains stable, at the 4th workshop on food security and nutrition. Calling it “The Phnom Penh Initiative,” Prime Minister Hun Sen requested that the issue be ...
Angkor Gold identifies northeast prospects
Angkor Gold Corp, a Toronto Stock Exchange-listed company, has announced the identification of five new prospects in Ratanakiri province, according to a company statement. the mining firm said it planned to consolidate its gold prospects in the northeastern corner of the country. ...
Book Outlines Best of Both Worlds for Cardamom Mountains
The protectionist bent of conservation groups and the development agenda of the government can come together in Cambodia to create a green economy. That is the message of a new book Conservation International (C.I.) launched yesterday in Phnom Penh, outlining practical options for saving the environment ...
PM announces oil-food equation hurting poor
Prime Minister Hun Sen yesterday blamed soaring food prices on fuel prices set by oil cartels like OPEC, appealing to oil-producing countries to pay attention to the connection between food security and energy. Cambodia imports 100 per cent of its oil, and the majority of agriculture ...
Gold Mines Blamed for Cattle Deaths Shut Down
Authorities in Battambang province’s Phnom Proek district shut down eight unlicensed gold mines Saturday and Sunday after a study revealed they were producing toxic runoff blamed for the deaths of three cattle last week, officials said. Deputy governor Pech Choun said four mines in the area ...
Two injured after steel mill accident in capital
An explosion at a steel mill in Phnom Penh’s Meanchey district left two employees seriously injured over the weekend, authorities said. Mao Saroeun, Stung Meanchey commune police chief, said that around 10pm on Sunday there was a small, loud explosion at a mill owned by the ...
Oil factory fire causes significant damage
A worker was slightly injured and more than US$100,000 in property destroyed yesterday in a fire at an oil factory in Kandal province’s Ang Snuol district, police said. Thach Phalla, Ang Snuol district deputy police chief, said the fire started at noon when some oil overflowed ...
Gold vendors rally to free compatriots
Three Banteay Meanchey gold vendors accused of buying stolen goods were arrested yesterday then released four hours later after about 200 fellow gold sellers demonstrated on their behalf outside Mongkol Borei district police headquarters. The district governor personally intervened and mediated the release, district police chief ...
Rising oil prices fueling inflation
Rising oil prices fuelled a month-to-month inflationary increase of 5.4 per cent through February and March, according to data from the National Institute of Statistics. Factors such as sanctions on Iranian oil, as well as floods that depleted Cambodian crops last year accounted for the rise ...
Farmers Blame Gold Mines for Cattle Deaths
Villagers in Battambang province’s Phnom Proek district have called on the government to shut down several unlicensed gold mines being blamed for the deaths of cattle that drank from a pond contaminated by chemical runoff. “Three of the village’s cows died and two became sick after ...
OZ Minerals Completes Sale of Cambodian Assets
Australian mining firm OZ Minerals announced yesterday that it has successfully sold its Cambodian mining assets to Renaissance Minerals Limited for AU$17.8 million, or $19.2 million, after years of disappointing gold exploration results here. According to the statement, Renaissance now controls the 1,100-square-km core of the ...
Reckless mining in Prey Lang takes toll on environment
Chemical substances used in about 3,000 mining drills operating in the Prey Lang forest in Kratie and Kampong Thom provinces are wreaking environmental havoc and making people sick, a report by the Cambodian Center for Human Rights released yesterday says. Substances used by a number of ...
Cambodia suspends new land concessions to companies
Cambodia’s government, facing growing protests by villagers and warnings about disappearing wilderness, suspended the granting of land to domestic and foreign companies on Monday in a move to curb forced evictions and illegal logging. Rights groups in the impoverished but resource-rich Southeast Asian country said the ...
http://af.reuters.com/article/metalsNews/idAFL4E8G79HB20120507
China Exim Bank to put $235m in steel, media
The Export-Import Bank of China (Exim Bank) planned to invest US$235 million in two Cambodian mega projects, one of which was the modernisation of a TV station that one analyst said might not be necessary given the country’s level of development. During a meeting with Prime Minister ...
Chevron Not ready to Pump Oil in December 2012
The chevron oil company announced it is not ready to pump offshore oil in Block A in Cambodia. Mr. Steve Glick, Chevron President said: “the company is not ready to pump oil in Block A offshore Cambodia on the set-date of December 2012, complaining that more tasks need to be completed, but expressed ...
Mu Sochua calls out Aussie mining firms
Opposition parliamentarian Mu Sochua has taken aim at Australian mining companies eyeing the Kingdom’s resources, travelling to their home soil to lobby the halls of power. Mu Sochua cited fears that Australian companies awarded exploration concessions in Ratanakkiri and Mondulkiri provinces will treat ethnic minorities there ...
City’s Transportation Workers Protest High Gasoline Prices
About 100 tuk-tuk drivers, motorcycle taxi drivers, vendors and other informal transportation workers protested against the high price of gasoline yesterday at the National Assembly, claiming the high petrol prices are cutting into their small profits. Vorn Pao, president of the Independent Democracy of Informal Economy ...
Government eyes fuel taxes
The government plans to review fuel import taxes in the wake of soaring prices at the pump over the past few weeks, an official said yesterday. Cheam Yeap, Cambodian People’s Party lawmaker and chairman of the finance and banking commission, said the government will look into ...
http://www.phnompenhpost.com/index.php/2012041055530/National-news/government-eyes-fuel-taxes.html
China reaps concession windfalls
About half of the land concessions granted since 1994 are in the hands of Chinese companies, according to data released yesterday by the Cambodian Center for Human Rights. Ouch Leng, CCHR land reform project coordinator, said that from 1994 to 2012, the Cambodian government granted 4,615,745 ...
Koh Kong power to go to Thais
Cambodian tycoon Ly Yong Phat has signed a US$3 billion joint-venture agreement with Thai energy firm Ratchaburi Electricity Generating Plc on what would be the Kingdom’s largest power station. Just under 90 per cent of the power, however, would be sold to Thailand. The 1,800 megawatt ...
http://www.phnompenhpost.com/index.php/2012032955308/Business/koh-kong-power-to-go-to-thais.html