Phnom Penh (FN), Nov. 21 – Cambodian Prime Minister Hun Manet stated that the mining sector has significantly contributed to employment and generated nearly USD 90 million in revenue for the national budget in 2024.

The premier spoke on Thursday (Nov. 21) at the closing of the annual meeting of the Ministry of Mines and Energy at Sofitel Phnom Penh Phokeethra.

Samdech Thipadei Hun Manet stated that “The mining sector provides employment opportunities and contributes to state revenue. The revenue from this sector has increased year by year, adding nearly USD 90 million to the national budget in 2024, while also providing direct employment opportunities to the people.”

Samdech Thipadei extended his gratitude to mining business owners for prioritising worker safety and improving the welfare of those employed in their mines. He also urged continued efforts to enhance worker welfare, enforce technical safety standards, and explore additional benefits for employees in the sector.

To further support the sustainable development of the mining sector, Premier Hun Manet outlined the following directives:

1. The Ministry of Mines and Energy should continue collaborating with relevant stakeholders and the private sector to develop a comprehensive mineral potential map. This includes advancing research on rare earth elements to attract more investment. Additionally, efforts should be made to finalise zoning for construction mining to determine supply and demand. Sub-national administrations are encouraged to support this process for effective outcomes.

2. The Ministry of Mines and Energy must inspect licensed sites in the Prey Lang area that are inactive or lack mineral potential. Licenses for such sites should be revoked, and no new licenses should be issued in the Prey Lang area.

3. The Ministry of Mines and Energy must strengthen revenue collection mechanisms and prevent losses caused by unauthorised mining and illegal exploitation. Sub-national administrations are tasked with identifying and cracking down on all illegal mining activities within their jurisdictions.

4. The Ministry of Mines and Energy and related institutions must focus on improving safety management and worker welfare. This includes stricter inspections and regulations on the purchase, transportation, storage, and use of explosives and chemicals by mining businesses.
=FRESH NEWS