Gov’t Threatens to Revoke License from Mondulkiri Mine Site if No Gold in 2021

• 14 January 2021
• Local News
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The Minister of Mines and Energy HE Suy Sem has recently warned Rong Cheng Industrial Investment Cambodia Co., Ltd that if no gold os extracted from the Mondulkiri mining site by the end of this year, the government may revoke their business license.

According to the Ministry of Information, HE Suy Sem said on 12 January that the ministry had given the company a 10-year license. However, the company still hasn’t opened any mining operations, so the ministry may revoke the license by the end of 2021.

In response, the company claimed that it has just received the license from the original license holder which is why the production chain has been disrupted.

“We don’t have much time left when we bought the license from the previous company. Besides, due to the COVID-19 crisis, the experts from China couldn’t travel to Cambodia,” said the company.

According to the initial plan, nearly 1 million ounces of gold is expected to be extracted based on the study on the first gold mine in the Okvau area in Kaev Seima district in Mondulkiri province. (Read more)

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