General situation of Cambodia's mineral sector; Investment in Cambodia's minerals; Law, regulation and fiscal regime for mining; Challenges faced by mineral sector. Lack of human resources - School of geology-minerals has been closed since 1999; lack of laboratory - lack of overseas support for this area;. 5. Goverment's expectation If the project is successful, it will create 1. A new sources of revenue; 2. Support for community development; and. Recognize national capacity and skills.
General situation of Cambodia's mineral sector; Investment in Cambodia's minerals; Law, regulation and fiscal regime for mining; Challenges faced by mineral sector. Lack of human resources - School of geology-minerals has been closed since 1999; lack of laboratory - lack of overseas support for this area;. 5. Goverment's expectation If the project is successful, it will create 1. A new sources of revenue; 2. Support for community development; and. Recognize national capacity and skills.
General situation of Cambodia's mineral sector; Investment in Cambodia's minerals; Law, regulation and fiscal regime for mining; Challenges faced by mineral sector. Lack of human resources - School of geology-minerals has been closed since 1999; lack of laboratory - lack of overseas support for this area;. 5. Goverment's expectation If the project is successful, it will create 1. A new sources of revenue; 2. Support for community development; and. Recognize national capacity and skills.
1. General situation of Cambodia’s mineral sector;
2. Investment in Cambodia’s minerals; 3. Law, regulation and fiscal regime for mining; 4. Challenges faced by mineral sector; 5. Government’s expectation; and 6. 5 Year Action Plan (2010-2014). 1. General situation of Cambodia’s mineral sector
- Cambodia’s mineral sector;
- Geological-mineral study in late 19th century, (1950s- 60s); - Collection and documentation of geological data on Cambodia’s mineral resources. 2. Investment in Cambodia’s minerals - Investment status from 1993 to 1998; - Investment status from 1999 until now; - State’s revenue from mineral sector. 3. Law, regulation and fiscal regime for mining; 3.1 Law and regulation a. Law on mineral resources management and exploitation - Drafted by ADB in mid 1996; - The Law on mineral resource management and exploitation was adopted on 13th July 2001; - Relevant regulation for management of mineral exploration and mining. - - Agreement and effective management mechanism: - Employment obligation; - Financial commitment by concessionaires; - Environmental management prior and after mining; - Community development; and - Training. - Fiscal regime in mining - Fees for registration, license, extension of license, transfer of right, right of access to the mines, and royalty; - Corporate tax, and other taxes. > 4. Challenges faced by mineral sector 4.1 lack of human resources - School of geology-minerals has been closed since 1999; 4.2 lack of laboratory - Lack of overseas support for this area; - All mineral samples are analysed abroad; 4.3 Small scale artisanal illegal mining - Phase out through education and provision of alternative livelihood; - Assess potential for designation of sites for small scale artisanal mining. 5. Goverment expectations If the project is successful, it will create
1. a new sources of revenue ;
2. support for community development; 3. utilization of existing services in the country; 4. recognition of national capacity and skills. 6. Five year action plan for 2010-2014 1. Development of additional regulation governing activities in the mineral sector; 2. Actions taken to address illegal mining under exploration lisence, and other illegal mining, particularly precious stone and gold mining; 3. Compliance by investors to conduct mineral exploration and assessment with the plan drawn in exploration and mining agreement in order to assess the resource potential and for their exploitation; and 4. Strengthening revenue collection from mineral sector. 5. Encourage private investment for mineral exploration and assessment to generate sufficient information for future private investment; 6. Seeking overseas scholarship to support for graduate study in the field of geology-mineral; 7. Strengthening existing professionals for effective management and monitoring of mining activities. Thank You!