Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan gov’t group signs agreement for metal mine in Kampong Speu province

Japan gov’t group signs agreement for metal mine in Kampong Speu province

Japan gov’t group signs agreement for metal mine in Kampong Speu province

Minister of Mines and Energy Suy Sem signed another memorandum of agreement on Thursday with Japan Oil, Gas and Metals National Corp (Jogmec) to study and explore a metal mine in Kampong Speu province.

Ministry of Mines and Energy spokesman Yos Monirath told The Post on Sunday that the project is scheduled to start late next month.

“According to the plan, it’ll be dry season by late November and it [Jogmec] will start its preliminary study and exploration, working with local authorities,” he said.

The government will allow the company to conduct the feasibility study for one year and if the mine has potential, the company will then need to apply for an operational licence.

“We hope the area will have the potential for metal mining and that it [Jogmec] will provide its findings to other Japanese firms to do business [here],” he said.

On April 25, Japanese mining company Nittetsu Mining (Cambodia) Ltd, a Jogmec subsidiary, obtained a three-year copper exploration licence from the ministry for Stung Treng province.

The firm is set to begin exploration early next year and is currently conducting an environmental impact assessment (EIA).

The licence allows the firm to explore for copper on 133sq km in the province’s Anlong Chrey commune in western Thala Barivat district.

In 2016, Jogmec entered into a joint exploration agreement with Canadian mining firm Angkor Gold Corp to explore Angkor’s Oyadao South licence in Ratanakkiri province.

The agreement gave Jogmec the option to acquire 51 per cent of the licence for a total investment of $3 million in exploration expenditures over three years.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • Capital set to beef up security

    Phnom Penh municipal governor Khuong Sreng held the first meeting of the year with heads of armed forces in the capital to review and repair the deficiencies related to gun control, drug crimes, social order disruptions due to alcohol consumption and traffic law enforcement. Municipal