Original report from Phnom Penh
31 March 2010
Mineral extraction and development experts opened three days of meetings with government officials Tuesday in an effort to ease Cambodia’s move into a lucrative sector expected to bear fruit in the near future.
“Currently, knowledge about oil, gas and mining in this country is limited,” Douglas Broderick, the UN’s chief Cambodia coordinator, said in opening remarks Tuesday, before extraction experts from across Asia. “Learning from the lessons of others will help Cambodia in the extraction industry in a way that will bring benefits to all.”
Cambodia has the potential to yield silver, gold, oil and other precious minerals in at least a dozen provinces. Exploration is already underway, but there are wide concerns the industry’s abundant profits will not help all Cambodians and could find their way into the pockets of the rich, powerful or corrupt.
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