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

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)

- Video Advertisement -

Related Post

Cambodia Unveils Strategic Plan to Combat Greenhouse Gas Emissions

In a significant step toward addressing climate change, Cambodia has officially launched an ambitious strategic plan aimed at reducing greenhouse gas emissions from 2024 to 2033. The initiative was unveiled during a ceremony presided over by HE Eang Sophallet, the Minister of Environment, and was attended by prominent figures, including HE Igor Driesmans, the Special […]

Cambodian Parliament Approves Landmark Law for 24 Electricity Investment Projects

In a significant move to bolster the nation’s energy infrastructure, the Cambodian Parliament has officially approved a draft law facilitating payment guarantees to 24 electricity investment companies. This landmark decision was made during the fourth session of the seventh National Assembly held on May 22, 2025. The new law comes in response to the surging […]

Cambodia’s Mining Sector Sees Significant Revenue Growth in 2024

In a notable achievement for Cambodia, the Ministry of Mines and Energy reported nearly USD 100 million in non-tax revenue from the mining sector in 2024, reflecting an impressive increase of approximately 79% compared to the previous year. This growth highlights the country’s expanding mining activities, which now include numerous sites dedicated to both domestic […]

ADB Unveils USD 10 Billion Investment to Realize ASEAN Power Grid Vision

In a bold move that could reshape the energy landscape of Southeast Asia, the Asian Development Bank (ADB) has announced a groundbreaking investment plan of up to USD 10 billion aimed at realizing the ASEAN Power Grid initiative. ADB President Masato Kanda made the announcement during a meeting of the Board of Directors in Milan […]

Seventeen Japanese Companies Commit to Reducing Greenhouse Gas Emissions in Cambodia

In a significant step towards combating climate change, 17 Japanese companies have pledged to engage in greenhouse gas emission reduction initiatives in Cambodia. This announcement was made by HE Eang Sophallet, Minister of Environment, during a recent meeting with Kohei Wakabayashi, President of the Japan External Trade Organization (JETRO), on May 13, 2024. During the […]

Major Investment Boost for Cambodia’s Oil Refining Sector

  In a promising development for Cambodia’s energy sector, three Chinese companies have recently unveiled plans to invest in the nation’s crude oil refining industry. This significant step is poised to enhance Cambodia’s energy independence while driving economic growth. Beijing Scitech Holdings Co., Ltd., Guanzun Energy Investment Co., Ltd., and now Beijing Sainte Holding Co., […]