555 registered mineral resource licenses are operating in the mining sector in Cambodia

• 23 November 2024
• Local News
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Cambodia is witnessing significant growth in its mining sector, with 555 active legal mining operations currently licensed by the Ministry of Mines and Energy. These operations have attracted a total investment of USD 2.764 billion and provided approximately 11,306 jobs for the local population.

According to a report released at the Ministry’s annual meeting, the mining sector generated around USD 65 million in non-tax revenues in 2024. Notably, USD 57 million, or 88 percent, of this revenue came from royalties alone. Other contributions, including public service revenues, land fees, and various fines imposed by the ministry, totaled over USD 7 million, representing 12 percent of the total revenue.

Looking forward, the Ministry projects revenue collections of approximately USD89 million in 2024, with expectations that 90 percent of this amount will again come from royalties.

This robust growth in the mining sector underscores the Cambodian government’s commitment to effectively managing and expanding mineral resource extraction. It highlights the sector’s crucial role in boosting the national economy and creating employment opportunities for citizens, positioning Cambodia as a key player in the region’s mining industry.

• Economy and Finance
• Energy and Environment