Monday, 31/05/2010
Source: VnExpress
VietNamNet Bridge – Some Vietnamese companies plan to extract a recently discovered gold mine with ore reserves of 8.1 million tons in Cambodia, one of the biggest mines in Southeast Asia.
Australian OZ Minerals Limited found a gold mine with huge reserves in Mondulkiri in northeastern Cambodia, capturing the interest of Vietnamese gold traders.
The Sydney Morning Herald quoted OZ Minerals as calculating the gold content to be as much as 2.3 grams per ton, or 605,000 ounces (17.1 tons). With the current market price (one ounce sells for $1200), the Mondulkiri refined gold is valued at over $720 million.
Mondulkiri is located near the Vietnamese border, some 100 kilometers from Buon Me Thuot.
Agribank Jewellery Company General Director AJC Nguyen Thanh Truc, who has extensive experience in extracting, producing and trading gold and precious stones, remarked that a content of 2.3 grams per ton is low, and that developers expect above three grams.
Truc added that this gold mine may have the largest reserves in Southeast Asia. He revealed that AJC may join the gold rush in Cambodia. In fact, many Vietnamese enterprises have had plans to extract and develop gold mines in Cambodia for a long while.
Nguyen The Hung, General Director of the Vietnam Gold Investment and Trade Corporation, mentioned that the Mondulkiri is the first big mine that Cambodia has ever located.
“It would be a good opportunity for Vietnamese businesses to extract gold in Cambodia, though the capacity and technology of Vietnamese contractors is not high,” Hung mused.
According to Hung, Cambodia does not have a good mining industry and must rely on foreign technology.
To date, Vietnamese enterprises have focused on making investments in Laos, where there are many mines and the gold extraction technology has developed. Laos does not have any mines with such big reserves like Mondulkiri, but still 100-200 kilograms of gold are being extracted every month.
According to VnExpress newspaper, Vietnam’s investment capital in Cambodia has reached one billion dollars. A lot of mining enterprises have been licensed to invest in Cambodia, but no gold mining project has been submitted to the Ministry of Planning and Investment.
“Mining is a good business and the investment procedures in Cambodia are simple. However, it is still necessary to consider the extraction costs and the characteristics of the mine, as well as corporate management capability and transportation costs,” observed Deputy General Director of Phu Nhuan Jewellery Company, Nguyen Tuan Quynh.
In Vietnam, Bong Mieu is the biggest gold mine, managed by Quang Nam Mineral Company and a Cambodian partner. In 2006, the joint-venture began extracting Ho Gan mine, one of three in Bong Mieu area. The ore reserves are estimated at 521,600 tons, while the average gold content is 3.85 grams per ton. The mine produces 600 kilograms a year.
Some experts believe that the 8.1 million ton Cambodian mine will not have a big impact on regional supply and demand, nor on gold prices. The ore may be carried abroad for refining and the output will not be big enough to affect the market. Currently, Cambodian gold reserves are at a low level, therefore, it is likely that Cambodia will use the gold for reserve or domestic consumption.
Australian OZ Minerals Limited found a gold mine with huge reserves in Mondulkiri in northeastern Cambodia, capturing the interest of Vietnamese gold traders.
The Sydney Morning Herald quoted OZ Minerals as calculating the gold content to be as much as 2.3 grams per ton, or 605,000 ounces (17.1 tons). With the current market price (one ounce sells for $1200), the Mondulkiri refined gold is valued at over $720 million.
Mondulkiri is located near the Vietnamese border, some 100 kilometers from Buon Me Thuot.
Agribank Jewellery Company General Director AJC Nguyen Thanh Truc, who has extensive experience in extracting, producing and trading gold and precious stones, remarked that a content of 2.3 grams per ton is low, and that developers expect above three grams.
Truc added that this gold mine may have the largest reserves in Southeast Asia. He revealed that AJC may join the gold rush in Cambodia. In fact, many Vietnamese enterprises have had plans to extract and develop gold mines in Cambodia for a long while.
Nguyen The Hung, General Director of the Vietnam Gold Investment and Trade Corporation, mentioned that the Mondulkiri is the first big mine that Cambodia has ever located.
“It would be a good opportunity for Vietnamese businesses to extract gold in Cambodia, though the capacity and technology of Vietnamese contractors is not high,” Hung mused.
According to Hung, Cambodia does not have a good mining industry and must rely on foreign technology.
To date, Vietnamese enterprises have focused on making investments in Laos, where there are many mines and the gold extraction technology has developed. Laos does not have any mines with such big reserves like Mondulkiri, but still 100-200 kilograms of gold are being extracted every month.
According to VnExpress newspaper, Vietnam’s investment capital in Cambodia has reached one billion dollars. A lot of mining enterprises have been licensed to invest in Cambodia, but no gold mining project has been submitted to the Ministry of Planning and Investment.
“Mining is a good business and the investment procedures in Cambodia are simple. However, it is still necessary to consider the extraction costs and the characteristics of the mine, as well as corporate management capability and transportation costs,” observed Deputy General Director of Phu Nhuan Jewellery Company, Nguyen Tuan Quynh.
In Vietnam, Bong Mieu is the biggest gold mine, managed by Quang Nam Mineral Company and a Cambodian partner. In 2006, the joint-venture began extracting Ho Gan mine, one of three in Bong Mieu area. The ore reserves are estimated at 521,600 tons, while the average gold content is 3.85 grams per ton. The mine produces 600 kilograms a year.
Some experts believe that the 8.1 million ton Cambodian mine will not have a big impact on regional supply and demand, nor on gold prices. The ore may be carried abroad for refining and the output will not be big enough to affect the market. Currently, Cambodian gold reserves are at a low level, therefore, it is likely that Cambodia will use the gold for reserve or domestic consumption.
21 comments:
Cambodia is very rich and yet its people are so poor. IF all the officials and businessmen open their heart and eyes to look around them to help its people, life in Cambodia would be so much better.
y u o n hahahaha
Youn are eying everything valuable in Cambodia. Cambodians are poors, having no jobs. Please do not let them steal what this new found gold, the jobs related to it in mining, refing and transformation.
Dont't support the ccp they are must corrupt government,Fist they're going to use force to clear out areas from the lands owner and then they will signs a deal with viet,at a portable price to pocket the funds for them self.Sooner we're going to be a citizens with out a nation....."Monkeytalk said"
Khmers, when Khmers killed Khmers what did you feel ?
You were proud ?
Now, be proud of Yuon controls!
Youn is Sat Kro Per[crocodile] .hun sen keep Sat Kro Per at hi home to Prtect him to win every national election.
KI has 2 heads. Deleted our comments. Something so fishyyy in KI. Plays game against Yuon and play games indirectly supporting Yuon.
KI is scared of something.
Gold mining compaies are very poluting, worse than that when they come from Republic of Banana like Vietnam, Cambodian government should not allow these companies to operate in Cambodia.
Ah Yuon thieves are alwaya like that for hundred years and so ah Siem thieves.
The fat bitch Sirikit wanted the biggest blue diamond from Saudi Royal Family, there're innocence lives were killed because sirikit wanted it. sirikit and bhumibol stole the biggest blue diamond from the Saudi Royal family. And when the Suadi Prince came to investigate to reclaim his dialond, he was murdered, and got a fake blue diamond back.
http://www.time.com/time/world/article/0,8599,1969920,00.html
Now sirikit the Chakri thief wears the biggest Blue diamond.
Yuon & Siem are THIEVES.
http://www.zyntag.com/tags/video/5tN1VL9FA-k/
Ah Yuon thieves are always like that for hundred years and so ah Siem thieves.
The fat bitch Sirikit wanted the biggest blue diamond from Saudi Royal Family, there're innocence lives were killed because sirikit wanted it. sirikit and bhumibol stole the biggest blue diamond from the Saudi Royal family. And when the Saudi Prince came to investigate to reclaim his diamond, he was murdered, and got a fake blue diamond back.
http://www.time.com/time/world/article/0,8599,1969920,00.html
Now sirikit the Chakri thief wears the biggest Blue diamond.
Yuon & Siem are THIEVES.
http://www.zyntag.com/tags/video/5tN1VL9FA-k/
These all proved that Bhumibol a cold blood killer of his old brother, King Ananda Mahidol, killer of Thai people and a master of Coup D'Etats. That is why he created "Les Majesty Laws" to punish every single living to keep his power for his family. He pretends to be silent but behind he ordered his Junta military to kill.
CHAKRI THIEF FAMILY AND AH YUON THIEVES WILL BE BURNED IN HELL.
RGC,please say NO!!! to vietnamese companies.Their technologies are inefficient,they do not care about any impact to envirnment in cambodia.
No transparency in business deal.
YES to these Viet's companies is encouraging corruption.
Leave this mining to Australia where technology and reliability is a better peace of mind of cambodians.
kaun Khmer
I'm GAY said...
Yuon exercising its colonial power.
Yuon's new strategies see in an article:
« Le Vietnam au Kampuchéa : La stratégie de consolidation »
by Justus M. Van Der Kroef.
Études internationales, vol. 15, n° 2, 1984, p. 291-309.
I copied a little portion from th abstract. To share.
[Hanoi govemment has sent some 40,000 Vietnamese party cadres, civil officiais and professionally trained to direct public affairs. Additionally, some 100,000 Vietnamese farmer s hâve migrated
into Kampuchea, settling in such key provinces as Kompong Speu, Takeo, and Kompong Cham. Additional tens of thousands of Vietnamese settlers hâve moved into
cities and the disputed frontier area. As fighting between the Vietnamese and résistance
groups affiliated with the ''Coalition Government of Démocratie Kampuchea" intensifies,
the Hanoi régime also has been expanding its logistical-military network. This inciudes the construction of a new road network — popularly called the "New Ho CM Minh Trail" — linking the Vietnamese cities of Hue and Vinh, across Southern Laos,
with Northwestern Kampuchea. Additionally, during the early weeks of 1983, a twentyfive
kilomètres long trench, studded with landmines and bamboo spikes has been constructed just inside the Kampuchean frontier, running from the village of Kop
beyond the village of Yeang Dangkum — a région of fréquent guérilla clashes. Along
with the 180,000 man force of regular military maintained by Vietnam in Kampuchea, thèse measures indicate intentions of Hanoi's consolidation of power. Especially in Southeast Asia fears hâve arisen of a permanent Vietnamese "colonization" process in Kampuchea.]
KI if you are serving Khmers not Yuon, you need to stop mocking around in RED. Your job as KHmer if you are, then search all secret informations (History wrote by real historians by the west) that Yuon have been doing to Cambodia. Post the history How Yuon did kill Khmers, so the Khmers can learn the real history not gossiping. I have so many old documents were written since 1800's, 1900's, I copied from the libraries in Ducth, France, but I have to store them all before they may disppeared. I knew when I start to post them, Yuon will try to kill me as they did to Khmer intellectuals. But I will post them in this very near future for you all to know the facts of savage Yuon.
With todays government, Hun Xen regimes, this newly found gold mine will be disaster to Cambodia and Cambodians. Not luck but curse! One major resolution to assure the luck is to kill Ah Kwak Kbot Cheat Hun Xen and his corrupted CPPs officials. As long as they are alive Cambodia will remain as curse, bad luck. Nothing will turn out good as we all seen for the last 30 to 50 years since CPP exist about 51 years ago.
With true proper government Cambodia would be the richest country in Southeast Asia.
How much VIETTEL(097) pay tax to Cambodia government and How much salary tax that A VIETTEL staff pay to Cambodia. Most of the Vietnamese staff in 097 will be paind most of their salary in Vietnam to avoid tax in Cambodia. There are not less than 70% of technical staff at 097 are from Vietnam. What is the benefit of Cambodia?
This is an example of Vietnamese company earning profit in Cambodia
HUNG XEN will enjoy his power until his death but the consequence of his rule will be very and very huge. The lost of natural resource (mineral, forest....), flux of Vietnamese immigrant make Cambodia is in the position of very and very dangerous, social issue (poverty, injustic,...).
After the age of Hun Xen again Cambodia will face the uncountable problem.
We could see a very clear the problem a head but we can not prevent it from happening so.
All the gold in Mondulkiri is belong to Vietnam not Cambodia.Hahaaa, Khmer alway poor because VN know khmer is scams and love money.
Just kill ah Hun Sen and everythings is gonna be changes in Cambodian. Any brave men and women could you kill that dump fucker please.
I'm quite worried about the environmental impacts of the gold mining.
I am Mrs.Irene Query, I live in Philippines i received my loan of $37,000 in my account on 11-1-2016 from Dr Purva Pius Firm, and i promised to advertise their Firm to all loan seekers round the world, contact them now email: urgentloan22@gmail.com
Fast and easy Loan Apply Now
Hello, Do you need a loan from The most trusted and reliable company
in the world? if yes then contact us now for we offer loan to all
categories of seekers be it companies or for staff usage. We offer
loan at 3% interest rate, Contact us via email:
fundsking@gmail.com
(1) Full Name
(2) Full Address
(3) Country
(4) Age
(5) Occupation
(6) Tell phone number
(7) Sex:
(8) Loan Amount needed:
(9) Loan Duration
Email us at:fundsking@gmail.com
QUICK LOAN OFFER BUSINESS AND PERSONAL LOAN
Are you in need of Urgent Loan Here no collateral required all problem regarding Loan is solve between a short period of time with a low interest rate of 2% and duration more than 20 years what are you waiting for apply now and solve your problem or start a business with Loan paying of various bills I think you have come to the right place I'll advise you can contact us via email at
abdullahibrahimlender@gmail.com
whatspp
+917738214856
Thanks
Mr Abdullah
Post a Comment