|
Company |
Phu Yang (Cambodia) Co., Ltd. |
|
Company profile |
The company has applied for a project to invest in mineral resources from the government through the Senior Minister of the Ministry of Environment in an area of 4 square kilometers. The proposed investment for the metal mining business is located in the area of Phnom Prek, Phnom Prek district, Battambang province. The company has been engaged in mining since 1981. The company was called Yantai Blue Force Mining and Machinery Co., Ltd., located in the industrial park of Linglong County, Shaoyuan City, Shandong Province, China. |
|
Registration investment capital |
USD 812,450 |
|
Company registration date |
17-Nov-08 |
|
Company registration code |
5,929 |
|
Director |
Mr. Lin Lun |
|
Director residence |
Cambodia |
|
Company address |
The company is headquartered at # 26, Street 247, Sangkat Boeung Prolit, Khan 7 Makara, Phnom Penh. |
|
Type of EIA reports |
Completed Environmental Impact Assessment |
|
State agency |
Ministry of Mines and Energy |
|
Site |
Located in Phnom Proek area, Phnom Proek district, Battambang province. |
|
Village |
Phnom Proek and Beng Saat |
|
Commune |
Phnom Proek area |
|
District |
Phnom Proek |
|
Province |
Battambang |
|
Contract duration |
9 years |
|
Area size of project |
4 square kilometers |
|
sector |
Extractive industry |
|
EIA company |
Green Environment Group Co., Ltd. |
|
Backgrounds of EIA company |
Not found |
|
Address of EIAs company |
# E05, Street 466, Sangkat Boeung Trabek, Khan Chamkarmon, Phnom Penh |
|
Relevants law |
Law on Environmental Protection and Natural Resource Management, Law on labor, Law on Management and Exploitation of Mineral Resources, Law on Land, Law on Forest, Law on Fisheries, Law on Water Resources Management, Sub-Decree on Water Pollution Control, Sub-Decree on Solid Waste Management, Sub-Decree on Environmental Impact Assessment Process, Sub-Decree on Control of Air Pollution and Noise, Prakas on General Guidelines for the First and Complete Environmental Impact Assessment Report, and Agreement on the study and exploitation of metal ores in the Phnom Prek area, Phnom Prek district, Battambang province |
|
Revenues and expenditures |
The company was able to earn USD 34,200,000 and spend a total of USD 5,780,966. However, the company had to pay USD 20,000 in taxes and patents, so the net profit was USD 19,873,324 per year. |
|
Social alnd environmental impacts |
The positive impacts of the project include: helping to reduce the influx of illegal mining activities in the area, restoring forest resources through reforestation plans, helping to depopulate the area, building transportation and infrastructure, providing jobs, reducing migration, helping to develop the national economy through tax revenue, and showing a positive outlook for investment. |
|
Employment opportunity |
40 people |
|
Public participation |
The public consultation was attended by representatives from Battambang Provincial Hall, the Department of Industry, Mines and Energy, the Department of Environment, the Department of Agriculture, Forestry and Fisheries, the Department of Land Management, Urban Planning, Construction and Cadastre, the Department of Water Resources and Meteorology, the Forestry Administration, the Fisheries Administration, the Phnom Proek District Authority, the Phnom Proek Commune Authority, and the Phnom Proek and Beng Sien Village Authorities. |
|
Land converted from |
The project area is a plantation area with no forest. The forest is only on the mountain, a degraded forest. |
|
Environmental management plan |
An environmental management plan is the responsibility of the company to carry out its group with the company's environmental unit or office to monitor environmental issues that occur in and around the mining project investment site. The company will review the environmental management plan and must report the review to the Ministry of Environment every six months. |
|
Development plan |
The company has two production plans, including: (1) the topsoil is peeled off and then the soil is transported by truck to be stored outside the development area, and (2) gold mining. |
|
Mitigation strategies |
The company also plans to reduce the environmental and social negative impacts in the mining area. The plans are divided into three phases: pre-project implementation phase, project implementation phase, and project completion phase. |
|
Environmental and social funds |
The company plans to provide USD 15,000 per year for community development and USD 15,000 per year for environmental restoration for nine years. |
|
EIA publication year |
2013 |
|
Last update |
22-Oct |
