Gold Refined Reaches 3.5 Tonnes

Renaissance Minerals Cambodia Limited, a subsidiary of the Australia-listed Renaissance, has extracted and refined 3.5 tonnes of gold ore from its licensed commercial gold mine located in Mondulkiri province’s Keo Seima district.

The figure was revealed in a press conference organised here this morning by the Royal Government Spokesperson Unit.

“The company has refined about 3.543 kg of gold ore,” H.E. Ung Dipola, Director-General of Mines at the Ministry of Mines and Energy, said on the occasion.

The royalty income generated from the gold production was US$5.1 million, he pointed out.

Renaissance started commercial production in June last year, becoming the first commercial gold producer in the Kingdom.

It plans to refine an estimated 3 tonnes of gold ore every year for the first eight years of the mine’s operation, which is about 250 kilogramme per month.

The company exports the gold ore to Australia for refining.

The company has recently been granted a new mine exploration license on 107 hectares of land located in Thbong Khmum province’s Memut district.

The license provides the company three years for exploration from January 2021 to January 2024.

Source: Agency Kampuchea Press