Friday, January 27, 2012

S. Korea seeks Cambodia support for mining, oil

Business Desk
Rasmei Kampuchea Daily
Publication Date : 27-01-2012

A senior South Korean official appealed to Cambodian Prime Minister Hun Sen Thursday for increased support for Korean companies operating in the mining, oil and energy sectors.

The request came during a courtesy call on Hun Sen by Shin Jae-hyun, the country's ambassador for mining and energy cooperation, the premier's assistant Ieng Sophalet said.

"During the meeting, he asked Samdech Techo Prime Minister to further support South Korean companies when studies are finished," the assistant said.

Korean companies are currently exploring for minerals in Preah Vihear, Takeo and Kampong Speu provinces.

Ieng Sophalet said the prime minister welcomed such investment and said that any companies conducting exploration projects would have the priority for mining operations.

Hun Sen also asked the envoy to convey a message to the South Korean president about the possibility of loans for Cambodia to improve electricity distribution.

The government is so far said to have approved exploration on 128 concessions covering about 13 per cent of Cambodia's land area.

Apart from local and South Korea interests, companies approved for exploration licenses are reportedly from Australia, the United States, Vietnam, China, Japan, Singapore, Thailand and France.

No comments: