Cambodia Produced 4.82 Tonnes Of Gold So Far: Minister

Cambodia has produced 4.82 tonnes of dore bars, with 90 percent pure gold solution, since commercial mining started in June last year, Mines and Energy Minister, Suy Sem, said, on Wednesday.

During a meeting, Sem said, the country currently has four gold mining companies, namely Renaissance Minerals, Delcom Kampuchea, Xinshan Industrial (Cambodia), and Xing Yuan Kanng Yeak.

According to Sem, Renaissance Minerals so far refined 4,598 kg of dore bars, the Delcom Kampuchea 160 kg, Xinshan Industrial Cambodia 45 kg, and the Xing Yuan Kanng Yeak 22 kg.

The nation commenced extracting gold for the first time, at a gold mining site in Keo Seima district, in north-eastern Mondulkiri province, in Jun, 2021. Renaissance Minerals, a subsidiary of Australia-listed Emerald Resources NL, is the developer of the mining site.

Cambodian Prime Minister, Samdech Techo Hun Sen, said that, the government is expected to make about 40 million U.S. dollars in taxes and royalties per year, from those mining projects.



Source: NAM News Network