Renaissance Minerals Cambodia Limited, a subsidiary of the Australia-listed Renaissance, has extracted and refined 1,013 kg of gold ore from its licensed commercial gold mine located in Mondulkiri province’s Keo Seima district.
The figures were revealed by Suy Sem, Minister of Mines and Energy at a meeting of the ministry’s retired officials held early this week.
The royalty generated from the gold production was $1 million, he said.
Renaissance started commercial production in June this year, becoming the first commercial gold producer in the Kingdom.
It plans to refine an estimated three tonnes of gold ore every year for the first eight years of the mine’s operation, which is about 250 kg per month.
The company exports the gold ore to Australia for refining.
As of October, the firm exported more than 500 kg of gold ore, according to Eung Dipola, Director General of Mines at the Ministry of Mines and Energy.
The company has recently been granted a new mine exploration license on 107 hectares of land located in Tboung Khmum province’s Memot district. The license provides the company three years for exploration from January 2021 to January 2024.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.