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Our Mandate:
“To provide value to our shareholders while adhering to our business philosophy of ethical conduct, and to pursue with conscience our humanitarian commitments in Southeast Asia”
Cambodia is fast becoming one of the most lucrative investment opportunities in the world. It is rich in gold, oil, iron and many other natural resources. The current and recently re-elected Prime Minister has brought political and economic stability to the country, and as a result, investment is pouring into Cambodia from all over the world. In addition to mining exploration, industry sectors of tourism, manufacturing, real estate development, banking, finance and agriculture are beginning to boom.
Angkor Gold has a joint venture agreement (“JV”) with Liberty Mining International Pty Ltd., for Banlung North, Banlung South, Oyadao North & Oyadao South mining licenses. All four licenses cover 1167 km2 in north eastern Cambodia. In this agreement, PPMC owns 90% of the JV with an option to purchase the remaining 10%.
Angkor Gold also has three additional licences totalling 1499 km2. These tenements are secured with a Memorandum of Understanding (“MoU”) with the Ministry of Mines in Cambodia, and can be converted into an Exploration licence after the preliminary assessments have been completed by our Exploration team.
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