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19. November 2025
Cambodia Approves Major Gold Project Permits
Emerald Resources Completes Landmark Permits for Memot Gold Project in Cambodia
The company has successfully secured full permits for its Memot gold project in Cambodia, marking a major milestone in the project’s history and demonstrating strong support from the Cambodian government. The Memot Mineral Investment Agreement (MIA) and Industrial Mining Licence (IML), issued by the Minister of Mines and Energy and the Minister of Economy and Finance, respectively, grant Emerald Resources several incentives to support the development and operation of the project.
These incentives include a three-year exemption from import taxes and duties on equipment, as well as a 0% withholding tax on dividends to foreign affiliates for five years. The agreement also sets a 3% royalty on gross sales and incorporates a five-year stability clause, requiring good-faith amendments to maintain economic equivalence if new Cambodian laws materially increase the company’s costs.
The Ministry of Environment has granted environmental pre-approval for the development and operation of the Memot gold project, which requires Emerald Resources to submit an environmental and social impact assessment (ESIA) by 30 April 2026. The company began work on the ESIA in early 2025 and plans to submit the final study within calendar year 2025.
The successful completion of these permits reflects constructive collaboration between Emerald Resources and the relevant government ministries and agencies. “Securing both the Memot MIA and Memot IML marks a major milestone for the project and is a testament to our collaborative efforts,” said Morgan Hart, Emerald Resources’ managing director.
Emerald Resources has expressed gratitude to the Minister of Mines and Energy, Minister of Economy and Finance, Ministry of Environment, and other government agencies for their support in finalizing these approvals. The company looks forward to providing updated timelines for the commencement of both the Memot Gold Project and Okvau Gold Mine underground expansion in the coming months.
The development of the Memot gold project is significant not only for Emerald Resources but also for Cambodia’s mining sector as a whole. The country has been actively seeking to attract foreign investment in its natural resources sector, with a focus on promoting sustainable and responsible mining practices. The issuance of the Memot MIA and IML is seen as a major step towards achieving this goal.
The global gold market continues to be subject to fluctuations in supply and demand, with prices influenced by factors such as mine production levels, investor sentiment, and macroeconomic trends. Emerald Resources’ successful completion of the Memot project permits position the company to capitalize on these opportunities and deliver strong returns for its stakeholders.
With the Memot gold project now fully permitted, Emerald Resources is well-positioned to move forward with development activities and begin producing gold in the near future. The company’s efforts to secure necessary approvals demonstrate its commitment to responsible and sustainable mining practices, which aligns with global best practices and industry standards.
The successful completion of the Memot project permits marks an important milestone for Emerald Resources and the Cambodian mining sector. As the company moves forward with development activities, it is clear that Emerald Resources’ focus on sustainability, responsibility, and collaboration will be key to achieving its goals and delivering strong returns for its stakeholders.
The government of Cambodia has been actively engaged in promoting responsible and sustainable mining practices, both domestically and internationally. The issuance of the Memot MIA and IML reflects this commitment and demonstrates the country’s ongoing support for foreign investment in the sector.
Emerald Resources’ successful completion of the Memot project permits has significant implications for the company, its stakeholders, and the Cambodian mining sector. As the company moves forward with development activities, it is clear that Emerald Resources is well-positioned to capitalize on opportunities in the global gold market while maintaining a strong focus on sustainability and responsible mining practices.
The successful completion of the Memot project permits marks an important milestone for Emerald Resources and the Cambodian mining sector. The company’s efforts to secure necessary approvals demonstrate its commitment to responsible and sustainable mining practices, which aligns with global best practices and industry standards.
As the global gold market continues to evolve, it is clear that Emerald Resources is well-positioned to capitalize on opportunities while maintaining a strong focus on sustainability and responsibility. With the Memot gold project now fully permitted, the company looks forward to delivering strong returns for its stakeholders and contributing to the growth of the Cambodian mining sector.
The issuance of the Memot MIA and IML has significant implications for the future of the project and the company as a whole. The government of Cambodia’s commitment to promoting responsible and sustainable mining practices is seen as a major step towards achieving this goal, and Emerald Resources’ successful completion of the necessary approvals demonstrates the country’s ongoing support for foreign investment in the sector.
The global gold market continues to be subject to fluctuations in supply and demand, with prices influenced by factors such as mine production levels, investor sentiment, and macroeconomic trends. Emerald Resources’ successful completion of the Memot project permits position the company to capitalize on these opportunities and deliver strong returns for its stakeholders.
With the Memot gold project now fully permitted, Emerald Resources is well-positioned to move forward with development activities and begin producing gold in the near future. The company’s focus on sustainability, responsibility, and collaboration will be key to achieving its goals and delivering strong returns for its stakeholders.
In this new phase of project development, Emerald Resources aims to promote sustainable mining practices that minimize environmental impact and support local communities. As the company moves forward with development activities, it is clear that Emerald Resources’ commitment to responsible and sustainable mining practices will be essential in achieving its goals and contributing to the growth of the Cambodian mining sector.
The Memot gold project’s development aligns with global best practices and industry standards for responsible mining practices. The government of Cambodia’s commitment to promoting these practices reflects a shared vision among all stakeholders involved in the project.