Mines Ministry Sets Sand Price Cap

• 31 December 2015
• Local News
• 1216 Views

The lack of competition lets Ministry of Mines and Energy to set the sand price cap of US$3.30 per cubic meter after the ministry has granted license to four companies to legally dredge the sand in late June.

While the ministry claim the bidding process is transparent, companies that were granted a dredging license are Chin Lin Construction Company, Tann Kim Eng Company, Khmer Anusa and another company that asked not to reveal name.

As the four companies have to sell the sand to depots for a fixed price of US$3.30, depots can charge the end customers up to US$4.50. If they violate the rule, they would lose license.