Cambodia’s First Commercial Gold Mine Officially Goes Online

Renaissance Minerals (Cambodia) officially started production of gold extraction in the Okvoa area of Mondulkiri province on Monday 21 June, marking Cambodia’s first industrial-sized gold mine operation.

The official ceremony of the gold extraction was presided over by Minister of Mines and Energy HE Suy Sem.

Renaissance Minerals (Cambodia), an Australia-listed Emerald Renaissance subsidiary, has launched commercial gold mining after 14 years of study in Cambodia.

The geographical factors in Okvau will allow the firm to produce a semi-finished gold with 90% purity. The firm expects to produce 3 tons of gold per year for the first 8 years, with the aim to increase production afterwards.

According to the Ministry of Mines and Energy, since Cambodia does not yet have gold refinery plants, gold extracted from the Okvoa area will be exported to Singapore and Australia for the refinery process.

The gold production is expected to generate an average gross revenue of US$185 million per year, of which Cambodia will also earn US$40 million per year in royalties and taxes.

- Video Advertisement -

Related Post

Cambodia, Japan, and UNDP Join Forces to Eliminate Plastic Waste for a Greener Future in Cities

In a spirit of environmental sustainability, the Government of Cambodia has formed a powerful partnership with Japan and the United Nations Development Programme (UNDP) to combat the urgent problem of plastic waste in urban areas, which is rapidly growing each year. This collaboration, officially titled “Strengthening Capacity to Handle Plastic Waste in Cities,” was signed […]

Two Foreign Companies Partner to Launch Waste Recycling Park in Phnom Penh

In a significant move towards sustainable urban waste management, Vinci Construction and Sage Engineering have announced a collaborative project to establish a cutting-edge “Waste Recycling Park” in Phnom Penh. This initiative aims to harness advanced technologies for treating urban solid waste and generating clean energy, ultimately enhancing the quality of life for city residents. During […]

Cambodia Implements EURO 5 Fuel Standards to Combat Air Pollution

In a significant move to tackle air pollution, the Royal Government of Cambodia has announced the implementation of EURO 5 fuel standards, set to take effect in 2025. This initiative aims to enhance air quality and protect public health by regulating fuel emissions. According to the official announcement, two key decisions have been made: the […]

Southeast Asia’s Coastal Real Estate Development Faces Critical Balance with Mangrove Conservation

A ground-breaking study reveals that 85% of Southeast Asia’s mangrove forests, which comprise 32 percent of global mangrove coverage and sequester 15.9 million tonnes of carbon dioxide annually, face severe risks from real estate development, agricultural expansion, and climate change impacts, according to new research led by University of Queensland researcher Valerie Kwan, as reported […]

Korean Firm Donates 8,000 Electric Motorbikes to Cambodian Government to Combat Emissions

In a significant move to address climate change, South Korean company VeryWords has pledged to donate 8,000 electric motorbikes to Cambodian government officials. This initiative aims to reduce greenhouse gas emissions in Cambodia and promote the use of environmentally friendly transportation. The announcement was made during a signing ceremony of a Memorandum of Understanding (MoU) […]

Cambodia’s Electricity Capacity Set to Expand Significantly by 2024

By 2024, Cambodia is poised to enhance its electricity generation capacity to an impressive 5,044 megawatts, alongside a substantial extension of transmission lines to 3,890 kilometers. During the closing ceremony of the Electricity Authority’s conference on 3 February 2025, HE Keo Rattanak, Minister of Mines and Energy, confirmed that these targets had been met. The […]