Sagaing authorities start gold mine clampdown
Sagaing Region authorities in Myanmar are launching a crackdown on small-scale gold mines that, they say, contribute to environmental degradation. But concern is growing that larger companies, which are licensed at the level of the Union government, may be allowed to continue operating. Sagaing Region was ...
Gold miner Besra Vietnam suffers massive losses
Canadian Besra Inc.’s Besra Vietnam, the operator of two gold mines in the central province of Quang Nam, namely Phuoc Son Gold Company Ltd. and Bong Mieu Gold Mining Company Ltd., has suffered a loss of over VND1 trillion ($44.7 million) with a short-term debt ...
New firm seeks to enter gold trading
Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...
Ministry findings hint at illegal gold mining in Ratanakkiri
An investigating team from the Ministry of Mines and Energy has concluded that evidence at Chhay Ching Heang Group’s operations in Cambodia’s Ratanakkiri province seemingly points to illegal gold mining, though lab results from minerals extracted by the company are still pending, according to a ...
High-profile group opposes private gold mining and licence renewal
A group of high-profile academics and former politicians in Thailand have rallied opposition against the renewal of Akara Resources’ gold mining licence and the company’s plan to open a new gold mine, arguing that the gains from the new concession would not be worth the environmental ...
Illegal mining halted on Chinese ELC in Preah Vihear
Preah Vihear provincial authorities cracked down last week on an illegal gold mining operation occurring inside a land concession belonging to a Chinese company in Rovieng district. Unauthorised mining is common both inside and outside the 2008 concession to Cambodia WS Mining Industry Holding Ltd, known ...
Mandalay gold rush cancelled
The gold rush has been cancelled, the authorities have announced. The 1000 or so hopeful gold miners who flocked into the village of Kyauk Pha when cable-layers thought they had struck lucky will just have to, well, flock off again. Keep reading ...
Vietnam blocks exports by foreign gold miner over huge back taxes
Two major foreign-invested gold mining companies in the central province of Quang Nam will not be allowed to resume exports until they pay VND387 billion (US$16.93 million) in back taxes, a government spokesman confirmed at a press conference on 27 November. Nguyen Van Nen was responding ...
Mining firms gear up for big season
With the rainy season petering out, mining companies are gearing up to resume full operations on prospects in northern and eastern Cambodia, with investors keeping a close watch as firms push to expand their resource estimates and the country prepares to open its first royalty-bearing ...
Government puts mining licences on hold
Prime Minister Prayut Chan-o-cha on 22 September told villagers protesting against a planned expansion of gold-mining areas that no new mining permits will be issued during ongoing legal disputes and an assessment period. He was responding to a rally by protesters from 12 provinces who oppose the planned ...
