Aussie Firm Begins Cambodia’s First Commercial Gold Mine

An Australian company on Monday officially launched operations for Cambodia’s first commercial gold mine in the kingdom’s resource-rich northeast, officials said.

Renaissance Minerals (Cambodia) Limited — owned by Perth-based Emerald Resources — has begun work on the Okvau Gold Project in Mondulkiri province.

It is expected to generate more than $300 million in tax revenues and royalties over seven years for the country, according to a statement from the Australian embassy in Phnom Penh.

In full: https://www.barrons.com/news/aussie-firm-begins-cambodia-s-first-commercial-gold-mine-01624274407

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