Mesco On Track for Opening Cambodian Gold Mine

Indian mining company Mesco Gold seems set to operate Cambodia’s first commercial mine, with infrastructure at the Phum Syarung mine in Ratanakiri Province advanced and government approvals pending.

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Centerra’s Öksüt Gold Project Receives Environmental Approval

Centerra Gold reported that the environmental impact assessment (EIA) for its 100% owned Öksüt gold project in south-central Turkey has received final approval from the Turkish Ministry of Environment and Urbanization. The project is planned to produce a total of 895,000 ounces (oz) of gold over an eight-year mine life, including an average of 155,000 oz/y during the first four years. Pre-production expenditures and construction capital to develop the project are estimated at $221 million, including a $25 million contingency.

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Intense Scrutiny and Hostility

At the same time, North Korea is shunned by much of the global community. Its human rights record is the subject of constant scrutiny. Not surprising then, that the announcement of the Jongju discovery has brought intense scrutiny, and with it suspicion and even outright hostility by some North Korea watchers.

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