First commercial gold mine online
Get real time updates directly on you device, subscribe now.
Australian miner Renaissance Minerals (Cambodia) Ltd on June 21 began the commercial operation of its $120 million Okvau Gold Project in the northeastern province of Mondulkiri, becoming the Kingdom’s first gold producer.
Located in the Okvau area in southwestern Mondulkiri province’s Keo Seima district, the mine’s processing plant was inaugurated by Minister of Mines and Energy Suy Sem.
Sem said the facility started processing ore from the mine, casting gold alloy bars and stamping its first dore bar on June 21. Construction of the plant and key infrastructure for the site began in mid-2020, he noted.
“The gold mining site and processing plant have the capacity to process nearly two million tonnes [of ore] a year,” he said.
Reportedly able to produce dore bars containing 90 per cent gold, Renaissance’s operation will be in compliance with recognised international standards.
An earlier report outlined an initial Life of Mine (LOM) of eight years, with an average of three tonnes of gold produced each year.
Read the full story at: https://www.phnompenhpost.com/business/first-commercial-gold-mine-online