Logo of Phnom Penh Post newspaper Phnom Penh Post - Australian firm expects licence soon for Mondulkiri gold mine

Australian firm expects licence soon for Mondulkiri gold mine

Australian firm expects licence soon for Mondulkiri gold mine

Australian mining firm Emerald Resources announced yesterday that it was making positive progress towards full licensing and funding of its Okvau gold mine project in Mondulkiri province, with the licence expected as early as the next few weeks.

In a disclosure to the Australian Securities Exchange, the mining firm said it had made substantial progress on exploration activities and once the Ministry of Environment finished its final survey of the location, following a rezoning effort, the Mines Ministry was expected to grant the licence.

The news followed another announcement by the Mines Ministry that Mesco Gold was close to processing its first batch of gold next year, mined from its Ratanakkiri mine in the country’s northeast

MOST VIEWED

  • EU officials: Ending EBA an 18-month procedure

    EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not

  • IPU slams government claim

    The president of the Inter-Parliamentary Union (IPU), Gabriela Cuevas Barron, has refuted a claim by the National Assembly that she “highly appreciated the achievements of Cambodia” in its July national elections with a tweet saying “Of course not!” before adding “No congratulations”. A delegation from

  • Conflict lingers on Paris Accords

    As the Kingdom prepares to commemorate on October 23 the 27th anniversary of the signing of the 1991 Paris Peace Accords, which ushered in an end to nearly two decades of civil war, there is political conflict on whether the tenets of the agreement are still being

  • EU agrees VN trade deal despite rights concerns

    The EU on Wednesday agreed to a free-trade agreement (FTA) with Vietnam, a country described as having a “major rights-abusing government”. This comes amid the 28-nation bloc preparing the procedure for a possible withdrawal of Cambodia’s Everything But Arms (EBA) preferential trade agreement on