News

Indigenous communities want more transparency around mining projects

Indigenous community representatives told a forum on extractive industries on Friday that they were concerned about the effects mining projects in their areas could have on their health and livelihoods, and asked that they be better informed by companies and the government. ...

Hun Sirivadh
https://vodenglish.news/indigenous-communities-want-more-transparency-around-mining-projects/

Gems in the rough in Ratanakkiri

“These are the best quality stones,” Lat Yun says with a grin. Nestled in his outstretched hand are three unassuming rocks. “I don’t know what they’re called, I just know they’re the best.” The gemstones of Ratanakkiri are a mineral called zircon, but in Cambodia, they ...

http://www.phnompenhpost.com/national/gems-rough-ratanakkiri

Demand for Gold Rises as World Price Falls

Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...

http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/

Entrepreneurs visits Cambodia for business opportunities

Two dozens of Chinese entrepreneurs in the World Eminence Chinese Business Association have been visiting Cambodia to seek possibilities to broaden trade and investment ties between China and Cambodia. The group, led by Xia Lingsheng, the Association’s executive vice president, met with Tep Ngorn, the 2nd ...

http://www.ecns.cn/business/2013/07-02/71007.shtml

Lao Dams, Mining Ruining Sekong Water Quality in Cambodia

Dam-building and gold mining in southern Laos are ruining water quality downstream on the Sekong River in Cambodia, where villagers are no longer able to drink or use the water, according to an environmental group. The activities undertaken by Lao and Vietnamese companies on the Sekong’s ...

http://www.rfa.org/english/news/laos/sekong-06252013190742.html

Beware risk with ASEAN investment

Members of the Association of Southeast Asian Nations (ASEAN) have become magnets for Chinese investment amid the global economic slump. Among the most recent deals, Hunan Province-based Xinyuan Mining Co Ltd bought a license to exploit a 28 million square meter gold mine in Cambodia, and ...

http://www.globaltimes.cn/content/791893.shtml#.UcueODuj2xA

Gem event promises to sparkle

Officials are predicting an increase in visitors and a glitzy showcase when the 5th Cambodia Gems and Jewelry Fair opens this Thursday in Phnom Penh. Set in the Diamond Island Convention and Exhibition Centre, the four-day event is drawing buyers and traders to Phnom Penh amid ...

http://www.phnompenhpost.com/2013061066161/Business/gem-event-promises-to-sparkle.html

Asean Fellows Warn Cambodia of Mining Pitfalls

Community representatives from Indonesia and the Philippines warned Cambodia yesterday of the potential human cost that an influx of mining companies could bring to the country. As private companies scour the land for minerals, with some set to begin extraction within a few years, Cambodia could ...

http://www.cambodiadaily.com

Workshop Calls for Revenue Transparency in Oil, Gas Sector

The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive Industries and Revenue Management, which was held in Phnom Penh on Friday by ...

European Anti-Corruption Law Could Reach Cambodia’s Oil, Forestry Sectors

New European legislation passed last month could help transparency in the extractive industries, by forcing companies to declare payments to foreign governments rich in resources For resource-rich countries like Cambodia, that means much more transparency, she said. More than 95 percent of the world’s major extractive ...

http://www.voacambodia.com/content/european-anti-corruption-law-could-reach-cambodia-oil-forestry-sectors/1519817.html

Tougher disclosure rules for resources giants

US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...

http://www.phnompenhpost.com/index.php/2012082858310/Business/tougher-disclosure-rules-for-resources-giants.html

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