Thanh Nien News
Many Vietnamese companies want to enter the gold mining sector in Cambodia
The recent discovery of around 8.1 million tons of gold in Cambodia has caught the interest of many Vietnamese companies who now want to enter the gold mining sector in the neighboring country.
Nguyen Thanh Truc, director of Agribank’s subsidiary in charge of trading gold, said the Cambodian mine has the largest gold reserves in Southeast Asia and its discovery has encouraged Vietnamese companies to hatch plans to mine there.
When the time is right, his company will make such a move, Truc said in a report published by local news website VnExpress Friday. However, he noted that as the ore contains only 2.3 grams per ton, lower than the usual grade of 3 gram per ton, the project may not be highly lucrative.
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