Indian miner Mesco has received approval from the Council for Development of Cambodia (CDC) for a certificate of registration on its Phum Syarung mine in Ratanakkiri province, the penultimate step in licensing the underground mine for gold extraction, its Canadian partner Angkor Gold said yesterday.
“The timeframe from exploration and proving economic quantity through to licensing has been approximately five years, which is remarkable given the 15-20 year averages experienced in many international mining jurisdictions,” Angkor Gold CEO Mike Weeks said in a press release. It is now up to the Ministry of Mines and Energy to issue a full mining licence for the project, the release said.
Contact PhnomPenh Post for full article
Post Media Co LtdThe Elements Condominium, Level 7
Hun Sen Boulevard
Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia
Telegram: 092 555 741
Email: [email protected]