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Logo of Phnom Penh Post newspaper Phnom Penh Post - Miner Angkor Gold gets nod on Mondulkiri joint project

Miner Angkor Gold gets nod on Mondulkiri joint project

Canadian mining firm Angkor Gold Corp and has received approval from the Ministry of Mines and Energy to proceed with a joint mineral exploration project with Renaissance Minerals (Cambodia) Ltd on Angkor’s wholly owned Koan Nheak property in Mondulkiri province, the company announced in a press release.

In July, Renaissance, a subsidiary of Australia-listed Emerald Resources NL, agreed to invest $2 million into exploration and development over a two-year period, and provide a $200,000 cash payment to Angkor, to acquire a 51 percent participating interest in the Koan Nheak licence. The company has also reserved the right to enlarge its interest upon completion of the initial earn-in option.

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