AUSTRALIAN mining company Southern Gold has begun a three-year gold and base metals drilling program at its three concessions in Cambodia. The US$4.5 million project is funded by the Japanese government through JOGMEC, a Japanese body tasked with securing stable supplies of natural resources. Two of the properties are in Kratie and one is near Snuol, northeast of Phnom Penh. The Japanese would receive a 51-percent stake in the company, according to a Southern Gold statement. The stock is trading at AU$0.072 on the Australian Stock Exchange.
In Brief: New Mine program
- US to ramp up sanctions after ‘flawed’ national polls
At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections
- Final poll results confirm first single-party Assembly
IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National
- Chinese influence to sweep Kingdom?
Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism. The Asian giant has become the leading source of foreign funds in Cambodia, fuelling the construction sector with huge casino and hotel projects. Much of the growth
- PM's Bodyguard commander hits back at US
The commander of Prime Minister Hun Sen’s Bodyguard Unit (BGU) Hing Bun Heang on Sunday dismissed a short video clip that went viral on social media in which he says he is preparing for a war with the United States over its aggressiveness towards