OZ Minerals announced yesterday it would sell its Cambodian gold assets to fellow Australian miner Renaissance Minerals for US$19.2 million.

   The deal comes in the wake of a tumultuous 2011 for OZ, in which exploration yields proved disappointing and coruption allegations weighed heavily on the company’s Cambodian operations.

   After more than three years of disappointment in tis search for large golds deposits in Mondolkiri province, Australian mining firm OZ Minerals announced yesterday it has decided to sell its Cambodian assets to another Australian company.

   In a statement to the Australian stock exchange, OZ Minerals . . . → Read More: OZ Minerals Sells M’kiri Gold Assets]]> Cambodia Daily Tuesday, February, 21, 2012

   After more than three years of disappointment in tis search for large golds deposits in Mondolkiri province, Australian mining firm OZ Minerals announced yesterday it has decided to sell its Cambodian assets to another Australian company.

   In a statement to the Australian stock exchange, OZ Minerals said that it had sold its gold resource for AU$17.8 million, or $19.2 million, to Renaissance Minerals Ltd, and that an additional $24.3 million would be paid to OZ Minerals in the event that Renaissance Minerals actually extracts gold.

   As part of the deal, OZ Minerals will also purchase $5.4 million worth of shares in Renaissance Minerals, making it the company’s largest shareholder.

   Please fine Attached for more information.OZ minerals sells MDK gold assets-Eng.jpg

   Cambodia plane to import and refine oil from Iran, a spokesman from the council of Ministers has said, just one among several proposed forms of strengthened cooperation between the two counties.

   The announcement comes at a time when the United States and European Union have approved . . . → Read More: Kingdom considers Oil imports from Iran]]> Phnom Penh Post Jan, 30, 2012

   Cambodia plane to import and refine oil from Iran, a spokesman from the council of Ministers has said, just one among several proposed forms of strengthened cooperation between the two counties.

   The announcement comes at a time when the United States and European Union have approved some of the toughest sanctions yet against the Islamic country.

   Cambodian officials have maintained that the Kingdom will take foreign direct investment from all interested nations. The US Embassy in Phnom Penh said yesterday that it expected all United Nations members to take into consideration US regulations when dealing with Iran.

   Please fine Attached for more information.PPP-30-01-2012_Kingdom considers oil imports from Iran

Deputy Prime Minister Sok An has told Iran’s ambassador to Cambodia that once an oil refinery in the country is operational, Cambodia would be able to import crude oil from Iran and export refined oil products to China, the Council of Ministers said on its website last week.

The . . . → Read More: Cambodia Eyes Iranian Oil Imports]]> Cambodia Daily, Jan 30, 2012

Deputy Prime Minister Sok An has told Iran’s ambassador to Cambodia that once an oil refinery in the country is operational, Cambodia would be able to import crude oil from Iran and export refined oil products to China, the Council of Ministers said on its website last week.

The announcement comes as both the US and the European Union have placed new sanctions on Iran in an attempt to get the country to abandon its alleged nuclear weapons program.

Mr. Sok An made the suggestion during a trade meeting Thursday with Iranian Ambassador Seyed Javad Ghavam Shahidi, when the two men discussed sending Cambodians to Tehran for training in the oil and gas sectors.

Please fine Attached for more information.CD-30Jan2012-Cambodia eyes Iranian oil imports

   Nestled between Vietnam and Thailand is Cambodia, poor country with a basket of largely untapped resources that include gold. Within the past decade the surge of interest in the country’s mining prospects has been met with positive response from the Royal Government. For Cambodia, the mining sector may be a . . . → Read More: Gold Mining in Cambodia: Attractive but Risky]]> January 25, 2012

   Nestled between Vietnam and Thailand is Cambodia, poor country with a basket of largely untapped resources that include gold. Within the past decade the surge of interest in the country’s mining prospects has been met with positive response from the Royal Government. For Cambodia, the mining sector may be a kay to economic growth, meanwhile for investors, there may be attractive possibilities, however, there is also common use of the term “high risk.”

   That Cambodia has gold is one of the few things of which investors can be certain. The solid history of artisianal gold mining bears proof, as do the exploration efforts that are currently underway.

   The country’s gold appears to be widely distributed. Commercial scale gold mining opportunities are often associated with northern Cambodia, which Southern Gold (ASX: SAU) described as emerging into a new gold province.

   Please fine Attached for more information.25-01-2012-online-Gold Investing News » Gold Mining in Cambodia_ Attractive but Risky » Print

   Finance Minister Keat Chhon joined officials of the Cambodia Securities Exchange (CSX) yesterday to conduct another day of mock trading of stocks ahead of the still-unknown launch of actual operations at the bourse, which opened in July but has yet to see a single stock sold or bought.

The final technical aspects of the Cambodian Securities Exchange were completed yesterday, readying the exchange for listing and trading, government officials said.

A date for the initial public offerings of the three companies expected to list on the exchange was not disclosed.

“The securities market infrastracture is now complete,” . . . → Read More: CSX Technically Ready For Listing]]> Phnom Penh Post January, 13, 2012

The final technical aspects of the Cambodian Securities Exchange were completed yesterday, readying the exchange for listing and trading, government officials said.

A date for the initial public offerings of the three companies expected to list on the exchange was not disclosed.

“The securities market infrastracture is now complete,” Economy and Finance Minister Keat Chhon said during an exchange simulation yesterday, explaining that securities firme and banks were connected via the CSX IT system.

Please find Attached for more information.

   The Ministry of Environment has drafted a law that will hand out fines and prison terms for companies who fail to complete and submit Environmental Impact Assessments (EIAs) on the development projects they undertake.

   According to a copy of the EIA draft law, fines of 100 million riel, or . . . → Read More: Law drafred to Enforce Environmental Reports]]> Cambodia Daily Friday, 12/01/2012

   The Ministry of Environment has drafted a law that will hand out fines and prison terms for companies who fail to complete and submit Environmental Impact Assessments (EIAs) on the development projects they undertake.

   According to a copy of the EIA draft law, fines of 100 million riel, or about $25,000, and prison terms of three years will be doled out to individuals and firms that fail to submit an EIA on any development project.

   “If determined by the ministry that a scheduled development has the potential to have a significant impact on natural resources, ecosystems, biodiversity or human health and public welfare a full environmental impact assessment will be undertaken by the project owner and submitted to the Ministry, ” according to the draft law.

   Please find Attached for more information.