Mon, 30 Jan 2023

PHNOM PENH, Dec. 1 (Xinhua) -- Cambodia has produced 4.82 tons of dore bars with 90 percent pure gold solution since commercial mining started in June last year, Mines and Energy Minister Suy Sem said on Wednesday.

During a meeting, Sem said the country currently has four gold mining companies, namely Renaissance Minerals, Delcom Kampuchea, Xinshan Industrial (Cambodia), and Xing Yuan Kanng Yeak.

According to Sem, Renaissance Minerals has so far refined 4,598 kg of dore bars, the Delcom Kampuchea 160 kg, the Xinshan Industrial Cambodia 45 kg, and the Xing Yuan Kanng Yeak 22 kg.

The Southeast Asian nation commenced extracting gold for the first time at a gold mining site in Keo Seima district in northeastern Mondulkiri province in June 2021. Renaissance Minerals, a subsidiary of Australia-listed Emerald Resources NL, is the developer of the mining site.

Cambodian Prime Minister Samdech Techo Hun Sen said that the government is expected to make about 40 million U.S. dollars in taxes and royalties per year from those mining projects.

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