Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Mesco, Angkor to mine gold

Mesco, Angkor to mine gold

Mesco Gold, an associated company of India-based Mesco Steel, will sign an agreement with Angkor Gold to mine the Phum Syrang prospect on one of its economic land concessions in Ratanakkiri province.

A statement released by Angkor Gold said the agreement was about putting the company in a position of potential gold production.

“Mesco Gold has complementary skills sets and ambitions, and I am confident they are the right company to take Phum Syarung into production,” Angkor Gold chief executive Mike Weeks said.

Mesco will pay $1.2 million for the rights to mine. A feasibility study has yet to be completed, meaning there is no certainty it will be viable.

Cambodian Association of Mining and Exploration Companies president Richard Stanger is confident the mine will be viable.

“We’ve been exploring the area since 2006. We’ve been drilling holes and there’s plenty of gold there,” Stanger said.

To contact the reporter on this story: Daniel de Carteret at daniel.decarteret@phnompenhpost.com

0

Comments

Please, login or register to post a comment

Latest Video

Khmer Rouge survivors react to First They Killed My Father

Angelina Jolie's First They Killed My Father depicts some of the atrocities committed during the Pol Pot regime. How did watching it feel for those who were alive at the time?

Cambodia's last tile masters: Why a local craft is under threat

Brought over by the French, painted cement tile making has been incorporated into Cambodian design for more than a century, even as the industry has died out in Europe.

Interview: Loung Ung, author of First They Killed My Father

The story of Loung Ung and her family’s suffering under the Khmer Rouge became known around the world with the success of her autobiography.