Delcom Campuchea Plc., a joint venture between local and Chinese investors, has started its trial operation in Preah Vihear northern province since early August, extracting about 20 kilogrammes of gold ore.
The company started gold extraction since Aug. 4, said H.E. Ung Dipola, Director General of Mineral Resources at the Ministry of Mines and Energy, during a press conference held here on Aug. 9.
“It is a medium-sized company that is capable of producing around 340 kilogrammes of gold per year,” he added, stressing that the yearly royalty income from the firm is expected at US$0.6 million.
The first commercial gold extraction firm in Cambodia is Renaissance Minerals (Cambodia) Ltd., a subsidiary of Australia-listed Emerald Resources NL, in Mondulkiri province.
The company has produced 3.5 tonnes of gold ore with 90 percent pure gold solution since the mining began in June last year, paying a total royalty income of US$5.1 million.
Source: Agency Kampuchea Press