OZ Minerals Completes Sale of Cambodian Assets

11 May 2012
The Cambodia Daily
Extractive Industries / Extractive industries policy and administration / Gold / Industrial mining / Minerals and mineral products / Mining
Australian aid / Australian mining firm / Cambodian mining assets / Mondolkiri Province / Okvau Gold Deposit / oz minerals / Renaissance Minerals Limited

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 Okvau Gold Deposit in Mondolkiri province, which Renaissance claims contains 729,000 ounces of gold. …