Cambodian miner Khmer Resources plans to tap Hong Kong capital market
Khmer Resources Investment, which is backed by the Cambodian government, aims to list in Hong Kong within two years, chairman Cao Yunde said. “We intend to leverage the capital market of Hong Kong to finance our growth through a public listing so as to maximise the benefits for Cambodia and its people,” said Cao at the opening of Khmer Resources’ Hong Kong office yesterday. “The mission of Khmer Resources and Khmer Hong Kong is to boost the social and economic development of Cambodia, transform Cambodia’s comparative advantage in natural resources into economic benefits, and adopt the capital market approach to the mining industries.” … Khmer Resources’ shareholders included Chinese state-owned enterprises, listed and private Chinese companies and Australian firms, said Cao without revealing details. … In Cambodia, Khmer Resources has a 280 square kilometre coal mine, a 120 sqkm nickel and cobalt mine, a 288 sqkm rare-earth mine, a 218 sqkm rare-earth mine, a 198 sqkm copper and gold mine, a 198 sqkm rare-earth mine and an 80 sqkm copper and gold mine. …
