Cambodia likes to learn experience in mining sector

In the conclusion of the two-day conference on mining sector, Cambodian government was pleased to accept lessons learned and experiences shared by experts and key stakeholders on the issue.

The two-day conference is organized by Cambodia's Ministry of Industry, Mines and Energy in collaboration with the United Nations Development Program in Cambodia.

Suy Sem, minister of Industry, Mines and Energy said, "In fact, the need for mineral resources is increasing steadily and minerals are inevitably needed for producing consumer goods, equipment and daily utensil as well as in construction of infrastructure and facility for the country."

"It is obvious that development without production basis and dependent entirely on imports will lead to higher production cost. We, therefore, can conclude that economic development requires the support from the development of domestic resources, " he added.

On Wednesday, addressing at the opening of the conference, Cambodia's Prime Minister Hun Sen said that based on the researches, Cambodia has had more natural resources rather than just oil and gas, and that includes bauxite, gold, copper, zinc, iron ores among others.

Cambodia is expected to earn revenue from oil and gas by 2012.

Source: Xinhua