Logo of Phnom Penh Post newspaper Phnom Penh Post - Emerald expects licence after sanctuary rezoning

Emerald expects licence after sanctuary rezoning

Emerald expects licence after sanctuary rezoning

Emerald Resources, the Australian-listed mining firm behind Cambodia’s Okvau gold project in Mondulkiri province, is one step closer to receiving an industrial mining licence after it signed an environmental contract with the Ministry of Environment (MoE), the firm announced yesterday.

Under the terms of the contract, the Phnom Prich Wildlife Sanctuary, where the project is located, will be rezoned by the MoE to be reclassified from a “Conservation Zone” to a “Sustainable Use Zone.” The firm now expects to be granted a mining licence by the Ministry of Mines and Energy “in the next few weeks,” the company said.

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said