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Mineral Resources in Ratanakkiri ‘s Oyadao District Sufficient for Gold Mining, says Indian Research

Indian-owned Mesco Gold (Cambodia), which has been licensed to conduct exploration for mine in Ratanakkiri province's Oyadao district, has announced that the amount of mineral resources in the designated area is high enough to set up a gold refinery in the future. HE Eung Dipola, Director General of the General Department of Mineral Resources, Ministry of Mines and Energy, said on Monday 27 Sep...

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Cambodia Mines Over 555kg of Gold in 3 Months; 355kg Exported for Purification

Renaissance Minerals (Cambodia) Limited has refined a total of 48 gold bars, or equivalent to approximately 555 kg as of 27 September, after three months of operation in O'Khvav area, Keo Seima district, Mondulkiri province. A report from the Ministry of Mines and Energy shows that the company has to date exported 34 gold bars, equivalent to 355 kg, to Australia for purification. HE Eung Dip...

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New National COVID-19 Treatment Hospital Set for Koh Kong Province

A new national COVID-19 treatment hospital will be built in Koh Kong province with the ground- breaking date set for October 2021. According to the Koh Kong provincial administration on 25 September, the hospital will be built on a total area of 10 hectares and will become a major infrastructure facility to serve the health sector in the province upon completion. The provincial administratio...

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Construction Starts on New 6-Storey NIE Smart Classroom Building

Construction has officially begun on the new 6-storey smart-classroom building of the National Institute of Education (NIE) thanks to funding by Prime Minister Samdech Hun Sen. The groundbreaking ceremony was held on 23 September and chaired by Minister of Education, Youth and Sports HE Hang Chuon Naron, while the construction is set for completion by late 2023. Equipped with modern faciliti...

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ADB Sets Aside US$1.4bn Loan & US$31.8m Grant Aid for Cambodia in Next 4 Years

The Asia Development of Cambodia (ADB) have prepared over US$1.49 billion in concessional loans and US$31.8 million in grant aids for Cambodia in the next four years from 2021 to 2024. According to the ADB’s press release last week, both concessional loans and grant aids aim to support Cambodia’s economic development and recovery from the COVID-19 pandemic. Regarding the public debt in Cambo...

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Experts to Discuss Impacts of Hazardous Construction Materials in Cambodia

The EuroCham partnered with Union Aid Abroad - APHEDA will host a virtual conference addressing “Impacts of the Hazardous Construction Materials” on Monday 27 September. The webinar session will gather leading real estate & construction experts and professionals to share knowledge and the most up-to-date know-how experiences within the sector. The speakers include Managing Director at Ar...

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NagaCorp to Start Superstructure Work on NagaWorld 3 in 2023

NagaCorp said that the superstructure works of NagaWorld 3 in Phnom Penh, Cambodia will start in the first semester of 2023, after the construction site preparation was begun in 2018. According to the firm’s 2021 interim report released on 20 September, to date, the design development work is ongoing and is on schedule for the completion of the drawings and for the super-structure construction ...

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NR5 Battambang-Serey Sophorn Section Opened for Public Usage Today

The National Road 5 Battambang-Serey Sophorn section and Battambang city detour highway have been opened for public usage from today onward after construction was completed. Meanwhile, the other three sections are on track for completion by 2022, 2023 and 2024, respectively. According to the Ministry of Public Works and Transport (MPWT), the remaining sections that are under construction inc...

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MPWT Institute Partners with CLA to Strengthen Cambodia Logistics & Transport Sector

The Techo Sen Institute of Public Works and Transport (MPWT Institute) and the Cambodian Logistics Association (CLA) have inked a partnership deal to strengthen the quality of students and solve the shortage of technical experts in Cambodia. The Memorandum of Understanding was signed between the two parties on Thursday 23 September 2021. Under this cooperation, the two parties will jointly o...

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ADB Lowers 2021 Cambodia Growth Forecast to 1.9%, Jumping Back to 5.5% in 2022

The Asian Development Bank (ADB) has lowered the 2021 Cambodia economic growth forecast from 4% to 1.9% but expects to see a 5.5% to the growth rate in 2022. According to the Asian Development Outlook Update (ADOU) 2021 report, the main factors causing the lower growth rate are the prolonged pandemic, closures and temporary shutdowns which affected domestic demand services, and the garment sect...

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