First 59kg of Gold Exported, Another 100kg Set for Shipment Soon

• 18 August 2021
• Local News
• 2503 Views

Cambodia has made the first shipment of 59kg of gold ore to Australia for purification with another 100kg to be sent a next shipment soon, a senior official confirmed on Wednesday 18 August.

Director-General of Ministry of Mines and Energy HE Yos Monirath, said that after purification, Renaissance Minerals Cambodia Limited will sell the 99.99% gold bar in Australia.

“The firm has already completed the customs document process for the second shipment, so about 100kg of gold will be exported soon,” said HE Monirath.

“According to the agreement, Cambodia will receive 3% from the net sales. As for gold price, please check the international market price, around US$58,000/kg,” he added.

On average, Cambodia can extract on average approximately 137kg of gold per month or 3 tons of gold per year, according to Prime Minister Samdech Hun Sen.

Since the official operation of gold mining in Cambodia in June, about 210kg of gold ore has been refined. (Read more)

• Energy and Environment