[Draft] Initial environmental and social impact assessment (IEIA) on gold mining exploration of XING YUAN KANNG YEAK CO., LTD.

• Campuchia

• Environmental impact assessments
• Extractive industries
• Mineral processing and products

• Xing Yuan Kanng Yeak Co. Ltd.

• Minister of Environment
• Minister of Industry, Science, Technology and Innovation

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• Tiếng Khmer

• Kratie

Metadata last updated on 2021-07-19. For inquiries contact: Open Development Cambodia, Email: contact@opendevcam.net, Website: http://www.opendevcam.net Address: 43 St. 208, Phnom Penh, Cambodia.

XING YUAN KANNG YEAK Co., Ltd Address: Building 1, corner of Street 211.138, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh. Phone: (855) 97 642 70 78 / (855) 11 232 911 Email: twc007@msn.com

The company uses the Ministry of Environment's Joint Guidelines and the Rapid Environmental Assessment (REA - Rapid Environmental assessment Checklist - Environmental Guideline, ADB-2003 and WB-PPAH, 1998) to assess initial environmental and social impacts on research activities for gold mining. Mining is a closed pit and the method of gold mining in this area uses mechanical methods. Gold Mining Research Project located in O'Lik Khlak, Kbal Damrey Commune, Sambo District and Sambok Commune, Chit Borey District, Kratie Province on January 14, 2011 under a service contract with XING YUAN KANNG YEARK Co., Ltd.

The obligation to pay taxes and rent for annual land concessions is equal to $ 84,631.50, of which: 1. the exploration fee for 22 square kilometers is equal to ($ 15 x 22 = $ 330) 2. the rent for mining area 06 Square kilometers ($ 400 x $ 6 = $ 2,400) 3. 3% mineral royalties equal to (64489550 dollars x 3% = $ 194686) and 4. 10% export tax on products Export is equal to $ 6489550 x 10% = $ 648955.

The company will contribute to the restoration of environmental and social resources by providing $ 60,000 for the environmental fund and $ 40,000 for the social fund.