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 600-hectare mining exploration license in O’yadaw district, said Richard Stanger, a major stakeholder in Angkor Gold. … Mr. Stanger said the Mesco project would be a modest sized, international standard mine, and that Angkor Gold has already identified slightly less than 500,000 ounces of gold. “It could be more,” he said. …
http://www.cambodiadaily.com/business/firm-to-develop-gold-mine-in-ratanakkiri-19319/
