SEATTLE (Scrap Monster): The Indian-owned mining firm Mesco Gold announced that it expects to start gold production at its Phum Syarung gold mine in Ratanakiri, Cambodia refinery facility by March next year.
According to company representative, installation works of the processing plant, which was temporarily halted on account of Covid-19 disruptions, are expected to restart at the earliest. The construction is expected to be completed within six months. It noted that the international travel restrictions have caused delay in finalizing the order for refinery machinery, which also has added to the project delay.
The company had purchased rights to develop the mine from Angkor Gold in 2013 in a $1.2 million deal. It had obtained commercial license in 2016. After which it had started plant installation works. Around 20% of the work was completed, when it was forced to halt operations in March this year, following the spread of the pandemic.
The facility will have capacity to refine between 350 and 500 tonnes of gold ore per day. The gold will be mainly supplied to domestic market. It also intends to sell it in Singapore and India.
The company added that its current focus is on existing project so as to ensure that it operates smoothly.