Emer­ald ex­pects li­cence af­ter sanc­tu­ary re­zon­ing

The Phnom Penh Post - - BUSINESS -

EMER­ALD Re­sources, the Aus­tralian-listed min­ing firm be­hind Cam­bo­dia’s Ok­vau gold project in Mon­dulkiri prov­ince, is one step closer to re­ceiv­ing an in­dus­trial min­ing li­cence af­ter it signed an en­vi­ron­men­tal con­tract with the Min­istry of En­vi­ron­ment (MoE), the firm an­nounced yes­ter­day. Un­der the terms of the con­tract, the

Ph­nom Prich Wildlife Sanc­tu­ary, where the project is lo­cated, will be re­zoned by the MoE to be re­clas­si­fied from a “Con­ser­va­tion Zone” to a “Sus­tain­able Use Zone.” The firm now ex­pects to be granted a min­ing li­cence by the Min­istry of Mines and

En­ergy “in the next few weeks,” the com­pany said.

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