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Home > Industry News > Cambodia has issued a batch of gold mining licences
2021-11-26
In 2021, according to Ung Dibula, director of Cambodia's General Department of Mineral Resources, Cambodia's Ministry of Mines and Energy has awarded gold mining licences to seven companies in five provinces.
The seven gold mine sites awarded are located in Kratie Province, Preah Vihear, Mondulkiri and Ratanakiri provinces Province) and Battambang Province.
Ministry of Minerals and Energy officials also said one of the seven gold mines in Mondulkiri province, invested by Renaissance Minerals (Cambodia) Ltd., had begun refining gold. Another six mines are being prepared to set up gold refining production chains.
Cambodia's Renaissance Minerals, a subsidiary of Australia-listed Renaissance Minerals, has extracted about 800kg of gold ore from its commercially licensed gold refinery in The Keo Seima area of Mondulkiri province since June. The figure was announced by Prime Minister Hun Sen on November 8 at the inauguration ceremony of a new office building for the Ministry of Land Management and Urban Planning and Construction.
After being full production, the gold ore mining will have years nearly 2 million tons of gold ores and to extract 90% of capacity, will provide 462 workers, including cambodians employment (about 427 cambodians and 35 foreigners), can realize income is $185 million a year, including royalties and direct tax revenue of about $40 million.
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