Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese mining firm granted copper exploration licence

Japanese mining firm granted copper exploration licence

Content image - Phnom Penh Post
Japanese mining company Nittetsu Mining (Cambodia) Ltd has obtained a three-year copper exploration licence for 133sq km in Stung Treng province. NITTETSU MINING CO LTD

Japanese mining firm granted copper exploration licence

Japanese mining company Nittetsu Mining (Cambodia) Ltd on April 25 obtained a three-year copper exploration licence for Stung Treng province, Ministry of Mines and Energy spokesman Yos Monirath said.

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

Nittetsu Mining, a subsidiary of Japan Oil, Gas and Metals National Corp (Jogmec), on August 26 held a workshop in collaboration with the provincial departments of Mines and Energy and Environment to discuss the project’s socio-environmental impact.

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

“It [the EIA] begins with cooperation between the company and the ministry. Initial geological surveys found copper ore deposits in the area,” Monirath said.

Ham Kimkong, director of E&A Consultant Co Ltd, which obtained the rights to conduct the EIA for the Nittetsu Mining project, said the assessment will conclude by the end of this year and exploration could start early next year.

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 a three-year period.

In 2010, Jogmec signed an agreement with the Cambodian National Petroleum Authority to study and assess northwestern Cambodia’s onshore oil potential.

Jogmec surveyed the area, which is known as Block XVII and spans across Siem Reap and Preah Vihear provinces.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Angkor photo rules clarified

    The Apsara National Authority (ANA) denied that it had banned the use of camera tripods in the Angkor Archaeological Park, explaining that the confusion stemmed from a long-standing rule which required commercial photographers and videographers to apply for permission to film. The explanation followed a

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “