PM: Cambodia Extracts 137kg of Gold on Average per Month

Prime Minister Samdech Hun Sen said on Sunday that Cambodia can extract on average approximately 137kg of gold per month.

The announcement comes after an Australian company launched a commercial gold mine operation in Mondulkiri province in June.

Speaking at the opening ceremony of the vaccination campaign for teenagers aged 12 to 17 years, PM Hun Sen stated that the gold that has been extracted is not 100% purified.

According to HE Yos Monirath, Director General of Mines of the Ministry of Mines and Energy, the company will export gold for purification in Australia, and currently, the company is preparing the relevant documents for export.

Renaissance Minerals (Cambodia) Ltd, is an Australian company with a gold mining license from the Ministry of Mines and Energy, with the mine located in the Okvav area in Keo Seima district, Mondulkiri province. (Read more)

At least 3 tons of gold is expected in the first eight years.

- Video Advertisement -

Related Post

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

Two foreign companies, Nippon Koei Business Partners Co., Ltd. and Inoue Calcium Corporation, are set to make significant investments in Cambodia’s growing cashew processing sector. They aim to enhance the quality of cashew nuts for export, particularly to Japan. On January 30, 2025, two important meetings took place that could impact the future of Cambodia’s […]

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]

Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

In a groundbreaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]

Sihanoukville Autonomous Port Sees Striking Growth in 2024 Revenues

In a year of remarkable achievements, the Sihanoukville Autonomous Port has emerged as a standout performer in Cambodia’s logistics sector, with projected earnings exceeding USD 110 million in 2024. According to a recent report from the Ministry of Public Works and Transport, this impressive financial leap marks a growth of over 24% compared to last […]

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

Cambodia is set to establish private trade centers in London and New Delhi to promote Cambodian products in international markets and draw foreign investors. This initiative was discussed during a meeting on January 20, 2025, between Lok Chumteav Chamnimol, the Minister of Commerce, Tycoon Lim Bunsour, CEO of AZ Group, and Mr. Jas Sohl, Director […]

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh […]