New Gold Mining Firm Starts Trial Operation; Over 20kg Extracted

Another private company, Delcom Campuchea PLC Ltd, started a trial operation on gold production in Preah Vihear province in early August and to date has extracted over 20kg of gold.

HE Ung Dipola, Director General of the General Department of Mineral Resources, Ministry of Mines and Energy, provided this figure at a press conference on 09 August.

“Cambodia has a new company, Delcom, which is a medium-sized company that has started refining gold for the first time,” he said.

“Since 04 August 2022, 20 kilograms of gold ore have already been refined and the firm plans to produce 340 kilograms per year,” he added.

Delcom Campuchea PLC Ltd, a joint venture between local and Chinese investors, obtained a gold exploration license in 2009.

Regarding the gold production of Renaissance Minerals (Cambodia), he stated that the company had produced 232 gold bars, equivalent to about 3,543 kilograms, and paid more than US$5.1 million as royalty income to the state. (Read more)

 

 

- Video Advertisement -

Related Post

In 2024, Cambodia receives more than 400 investment projects worth USD 6.9 billion

Cambodia has achieved a remarkable milestone in 2024, with the Council for the Development of Cambodia (CDC) approving 414 investment projects worth a total of USD 6.9 billion. This marks a 54% increase in the number of projects compared to 268 in 2023 and a 40% rise in investment capital from USD 4.927 billion in […]

SHV Multi-Purpose Economic Zone Targets USD 20 Billion Investment to Transform the Province

Sihanoukville’s ambitious multi-purpose economic zone development project is set to attract over USD 20 billion in investments from private sector investors and international development partners over the next 15 years. This transformative initiative, championed by the Cambodian government, aims to revitalise the province’s economy, elevate local incomes, and establish Sihanoukville as a leading logistics hub […]

Darasakor International Airport Opens, Ushering in a New Era for Koh Kong Province

Koh Kong Province celebrated a landmark achievement with the inauguration a $200 million Darasakor International Airport on 26 December 202. This state-of-the-art facility invested by the Chinese company Union Development Group spanning 218 hectares in the Botum Sakor district, is poised to transform the region’s connectivity and catalyse economic and tourism growth. The airport’s grand […]

Nearly 19 Hectares of Landfill Inaugurated in Kampong Cham City

A state-of-the-art landfill spanning 18.67 hectares in Koh Roka Village, Koh Roka Commune, Kampong Siem District, Kampong Cham Province, was officially inaugurated on 24 December 2024. This modern garbage disposal site, constructed as part of the Greater Mekong Subregion Corridor Development Project, Phase 4, was funded by a concessional loan from the Asian Development Bank […]

ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors

The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s […]

61-Kilometre Road Connecting NR No. 4 to Bokor Mountain Completed 7 km of Concrete Pouring

The construction of a new 61-kilometre road linking NR No. 4 to Bokor Mountain has reached a significant milestone, with 7 kilometres of concrete pouring completed as of 19 December 2024. This update was shared by Sokha Real Estate on their official Facebook page that same afternoon, marking steady progress in this transformative infrastructure project. […]