FYI-- http://www1.voanews.com/khmer-english/news/No-Clear-Use-Found-for-BHP-Social-Fund--95026319.html
On Fri, May 28, 2010 at 3:57 PM, Kenneth So <[email protected]>wrote: > Dear Friends, > > According to the news (please see the links and story below), the > Australian firm OZ Minerals had discovered a gold mineral deposit of around > 8.1 million tons in the north eastern province of Mondulkiri. > > This gold deposit is so large that it is about 50 times of all the gold > that has ever been produced throughout human history. According to Wikipedia > (http://en.wikipedia.org/wiki/Gold), a total of only about 161,000 tons of > gold have been mined throughout the history of human civilization. > > According to the US geological survey ( > http://minerals.usgs.gov/ds/2005/140/gold.pdf), the world gold production > in 2008 was only 2,260 tons. Therefore, with the current production, it > would take Cambodia 3584 years to exploit all the gold from the mine. > > I made some calculation as to the value of our Cambodian gold deposit. > Considering that the price of gold is about $1,200 per troy ounce, the total > value of our Cambodian gold deposit amount to over $300 trillion ($1200 x > 8,100,000 tons x 22,240 lb/ton x 14.584 oz/lb). This is about 24 times the > current debt of the United States of America (The current US debt is about > $13 trillion). This mean that Cambodia could buy the US out and still have > about $300 billion left. With this kind of wealth, Cambodia would be the > richest country in the world. > > I hope Cambodia and the government know how to manage our natural resource > properly for the benefits of Cambodia and its citizens. > > As some of you may have remembered, Cambodia used to be called Sovannaphum, > which means a country of gold. Now we know the reason why our ancestors > called Cambodia Sovannaphum. > > SE Asia and Vietnam News Links: > > http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_530780.html > > > http://www.vietnewsonline.vn/News/Society/15959/Cambodias-gold-mineral-find.htm > > *May 24, 2010 * > > *Cambodia's gold, mineral find * > > PHNOM PENH - CAMBODIA said on Monday that Australian firm OZ Minerals had > discovered around 8.1 million tonnes of gold on its territory, ahead of a > conference intended to draw in mining investment. > > Some 60 local and foreign firms including companies from Australia, China, > South Korea and Vietnam have been conducting mineral research and > exploration across Cambodia, an official said ahead of the international > mining conference starting in Phnom Penh on Wednesday. > > 'We have been conducting research and we have obtained remarkable results,' > said Sok Leng, head of the General Department of Mineral Resources at > Cambodia's Ministry of Industry, Mines and Energy, at a news conference. > > OZ Minerals Limited had recently discovered about 8.1 million tonnes of > gold in an area in the north-eastern province of Mondulkiri, said Mr Sok > Leng. Other minerals including gold, iron ore, and copper had been found > elsewhere in the country, he said. > > Douglas Broderick, representative of the United Nations Development > Programme, which is co-organising the conference with the Ministry of > Industry, Mines and Energy, said Cambodia's mining sector would continue to > develop. 'Obviously, we would like to see (the) mining conference encourage > investment,' Mr Broderick said during the briefing. > > London-based Global Witness has alleged that Cambodian earnings from > natural resources, including minerals, are being 'jeopardised by high-level > corruption, nepotism and patronage.' The environmental watchdog said > Cambodia had enough natural wealth to wean itself off foreign aid but that > international donors must do more to ensure the assets are properly managed. > -- AFP > > London-based Global Witness has alleged that Cambodian earnings from > natural resources, including minerals, are being 'jeopardized by high-level > corruption, nepotism and patronage.' > The environmental watchdog said Cambodia had enough natural wealth to wean > itself off foreign aid but that international donors must do more to ensure > the assets are properly managed. > > -- > Kenneth So > Aryasatya (Sanskrit) > Chattari Ariyasachchani (Pali) > Chatuk Arey Sachak (Khmer) > The Four Noble Truths (English) > In Steps with Khmer Soul & Khmer Conscience > > -- > You received this message because you are subscribed to the Google Groups > "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. > This is an unmoderated forum. Please refrain from using foul language. > Thank you for your understanding. Peace among us and in Cambodia. > > To post to this group, send email to [email protected] > To unsubscribe from this group, send email to > [email protected] > For more options, visit this group at > http://groups.google.com/group/camdisc > Learn more - http://www.cambodia.org -- "There's only one corner of the universe you can be certain of improving, and that's your own self." ~ Aldous Huxley -- You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/camdisc Learn more - http://www.cambodia.org
