Korea.net (South Korea)
November 15, 2007
Korean resources developer has won exclusive mining rights in northern
Cambodia, an area that could contain large quantities of copper, zinc
and iron ore, the government said on Thursday (Nov. 15).
Ministry of Commerce, Industry and Energy said the eight mining zones
secured by Kenertec Co. cover 1,520 square kilometers — twice the size
of Seoul. It said preliminary surface surveys showed potentially large
In 2002, China carried out a detailed survey
of an area near Kenertec’s new claims, and discovered about 600 million
tons of iron ore underground.
The ministry said the company
plans to conduct more detailed seismic studies starting next year to
discern the size of the mineral deposits. Full-scale development of the
region will take place after a complete survey is conducted.
area has been relatively unexplored in the past because it was a
military-controlled zone and off-limits to civilians," said a
government official. He said with the military taking steps to allow
development, the region is attracting interest from Chinese and
Seoul has been encouraging companies to
secure foreign resources in the past few years to cope with
skyrocketing raw material and energy prices.