AUSTRALIAN miner OZ Minerals, which operates a gold concession in Mondulkiri province, has announced that a class-action suit has been filed against it at the Federal Court of Australia in Melbourne. The claim, which was launched by shareholders Wednesday, it said in a statement, was filed over allegations it had failed to disclose debts, reports said, which were due last November. The firm said in the statement it “will vigorously defend the claim”. Despite the announcement, the firm’s share price climbed 2.87 percent Thursday in Sydney to A$1.25 (US$1.13).
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Negotiations on EBA being heldIn an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5
Ministers to tackle sea pollutantsPreah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s
Chinese police escort deported scam suspectsNinety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters
EU officials: Ending EBA an 18-month procedureEU 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of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn.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