Extractive industries
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 ...
The fight for resources in Myanmar’s deep south
Tanintharyi Region, the southern tip of Myanmar, abounds with natural resources and the problems associated with them. Residents in the isolated region face over-mining by foreign companies, the proposed development of a deep-sea port, an oil refinery and a special economic zone, mechanised farming of rubber ...
Sand dredging licences secretly soaring
Despite the government’s vow to be more transparent with regulations and the issuing of sand-dredging licences, Cambodia’s Ministry of Mines and Energy has granted nearly 70 new such licences without holding public auctions or requiring companies to disclose environmental impact assessments results to the public, according ...
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 ...
Communities demand regulation as jade mining destroys landscape
Ywel Jer remembers a time when Saijarbon, an ethnic Kachin village perched upon a hilltop in Hpakant Township, was surrounded by mountains. In the past 10 years, however, vast mountain areas around the village here in northern Myanmar’s Kachin State have been turned into rubble by ...
Wanbao requests talks with Letpadaung protesters
In response to protests outside the site of a controversial, re-launched copper mine, the company behind the project released a statement ridiculing the demonstration as representing a reckless minority. Residents are calling on the government to intervene, and have said the mine should not be allowed ...
Gold miners face business shutdown
Thailand’s gold mining industry is set to go out of business as the cabinet has decided to stop renewing and issuing licences for gold ore exploration and gold mining following a public outcry over health and environmental issues. Industry Minister Atchaka Sibunruang said the cabinet had ...
Mining slump, improper planning blamed for budget tensions
The enormous drop in revenue generated from mining coupled with improper budget planning has been the main cause of the budget tensions Laos has faced over the past few years, Deputy Prime Minister SomdyDouangdy told parliament recently. MrSomdy, who is also Minister of Finance, said revenue ...
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 ...
Royal Group in talks with China, Indonesia on proposed oil pipeline
Cambodian conglomerate the Royal Group is in talks with two foreign state-owned petroleum companies to conduct feasibility studies for an oil pipeline that would run from Sihanoukville to Phnom Penh, a government official has confirmed. Meng Saktheara, secretary of state at the Ministry of Mines and ...
