Crackdown on illegal gold mining to be stepped up

[geovalin]

The government is on the alert to crack down on illegal gold mining activities as the country’s first commercial gold mining is set to start operations this month. Renaissance Mineral (Cambodia), a subsidiary of Australia-listed Renaissance, is set to start extraction production of gold at its Okvau Gold Project in Mondulkiri province on June 21.

 

With the capacity of gold mining at three tonnes per year, the firm is expected to generate gross revenue at $185 million per year and the royalty revenue for the government from the firm is at $40 million. In a statement issued on Thursday, Prime Minister Hun Sen had said that it is the first commercial gold mining production in Cambodia.

 

At the same time, Mr Hun Sen also warned of any illegal gold mining activities that could increase. While encouraging highly qualified technical mineral manufacturing for lasting and environment-friendly mineralisation, he reminded that underqualified operations will not bring about any benefit, but are likely to cause accidents and harm the environment.

 

read more https://www.khmertimeskh.com/50874180/crackdown-on-illegal-gold-mining-to-be-stepped-up/

[SomchaiCNX]

Wow the holier than holier Australians are working (yet again) with a kind of dictator.