Extractive industries
Minerals and mineral products
Authorities visit disputed coal power plant in Mon State
Authorities in Mon State for the first time visited a Thai cement factory where a coal power plant was built without informing locals or authorities, said local sources. The Mawlamyine Cement Limited factory officers said that they intended to use coal power if the government could ...
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 commission formed to investigate alleged gems association embezzlement
A new investigation commission will be formed to look into the Myanmar Gems Traders Association’s financial scandal, involving allegations of more than US$100 million that went missing from their bank account, according to the organization’s chairman. A previous review was conducted and finalized this week by ...
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 ...
Two director generals fired after jade probe
A three-month investigation into dodgy dealings in the murky jade industry has netted dozens of government officials, with two director generals dismissed from their posts earlier this week. The President’s Office on 3 March confirmed that the director generals from two Union government ministries, as well as ...
Locals ask court to cancel coal permits
Residents in Thailand’s Nakhon Laung district in Ayutthaya province have asked the Central Administrative Court to withdraw the operating permits given to 51 coal and fertiliser companies and 26 piers on the Pasak River. They argue they have failed to protect the communities’ health and environment ...
Amyotha committee takes aim at resource extraction
With Myanmar’s deadly jade industry increasingly under international scrutiny after hundreds of scavengers were buried in landslides, the Amyotha Hluttaw is taking the infamously unregulated extractive industries sector to task. The illegal plundering of natural resources will be put to an end, according to National League for ...
Cam Pha port handles over 33,000 tonnes of coal on first New Year day
Cam Pha port and logistics company, an affiliate of the Vietnam National Coal and Mineral Industries Group (Vinacomin), in the northern province of Quang Ninh loaded 33,000 tonnes of coal for two ships on 8 February, the first day of the Year of the Monkey. Keep ...
