Extractive industries

Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release on 14 June.Keep reading ...

Industry insiders have blamed an economic slowdown in China, over-extraction in jade mines, and market uncertainty linked to the transition of power to a democratically elected government in Burma. More than 850 licenses have been issued to firms at over 8,000 sites since private companies ...

The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, ...

A mining company has decided to give back to the state two iron ore mines with large reserves, an unprecedented move in the country. The decision to return the two mines under exploitation in Vietnam’s Ha Giang province, according to analysts, shows that the golden age ...

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 ...

PTT Exploration and Production said on 1 June that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant ...

Asian stocks sagged on 1 June as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. There was little market reaction to the official and private ...

The government will attempt to boost transparency in the energy sector by holding an auction for the two major petroleum concessions in the Gulf of Thailand ahead of their expiration dates, instead of granting existing operators the right to extend the concessions without new bidders. The ...

Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian ...

According to the new assignments at the government’s monthly meeting for May in Vientiane from May 24-25, the Ministry of Agriculture and Forestry takes sole management for all kinds of forest. The Ministry of Energy and Mines takes sole management mandate for all mining. Land management ...