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 commercial mine.
Australian mining firm Renaissance Minerals raised $1.7 million in an equity placement during the off-season and is preparing to resume exploratory work at its Okvau gold project in Mondulkiri province. The company estimated a 1.2-million ounce resource at the site last season and will begin surveying gold mineralisation extending beyond the resource envelope this month.
