Logo of Phnom Penh Post newspaper Phnom Penh Post - Chinese company plans mine projects

Chinese company plans mine projects

Chinese company plans mine projects

CHINESE company HK Qinlong Mining Investment Group has announced plans to explore 2,000 square kilometres primarily for iron and gold deposits in Kampot and Preah Vihear provinces.

The firm met Tuesday with Prime Minister Hun Sen to discuss its intentions to extract the resources located on its Cambodian concessions following a period of exploratory work, said Eang Sophalleth, spokesman for the premier.

“Qinlong President Li Xiaoming told Hun Sen he was confident about investing in Cambodia, and was not concerned with the fallout from the present financial crisis,” he said.

Eang Sophalleth added that Cambodia’s plans to extract its rich mineral deposits formed an integral part of the government’s overall economic strategy.

In private discussions, the prime minister stressed Cambodia’s stable political and economic climate, and encouraged the Chinese firm to press forward with its operations while maintaining close ties with the Ministry of Industry, Mines and Energy, Eang Sophalleth said.

Li said that once the firm had completed its search for resources, it would share data with the government in an effort to foster ties, and then begin mining soon afterwards.

The firm would concentrate on searching for iron and gold, but would also consider other deposits, he said.

Sot Yea, deputy governor of Kampot province, said he had not yet received information on the project, but said he would help facilitate the firm’s operations in the area.

“If the project goes ahead, hopefully we will see job opportunities created, leading to poverty reduction for our residents. We always welcome investments which bring development to our province,” he said.

The Ministry of Industry, Mines and Energy declined to comment Wednesday on the firm’s arrival.

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget