Hey everyone I hope you all are fine and doing great. Today I'm going to Write about the Country Cambodia and It's gold reserves and how gold reserves are playing their role in It's economy
Overview
It is a Country known for its Stunning natural beauty, rich cultural heritage and tragic recent history. It is situated in southeast Asia. The country has a population of 16 million people. The Land area of Combodia is approximately 181,035 square kilometers. It is also a home to significant mineral resources, including gold.
History
History of gold mining in Combodia is very old and Gold has been mind for centuries. There are evidences that proves that mining activities in Combodia were dated back to the Khmer Empire.
Today,There are serveral Large Scale gold mines in the country that are in operation under foreign mining companies.
Angkor Gold Mine is the largest among them and it is operated by Australian Company Renaissance Minerals.
Gold Reserves.
According to the Research Conducted by World Gold Council in 2020, Combodia has Approximately 12.4 tones of Gold reserves, these reserves are very small when we compare to the other countries in the same region
Such as China and Vietnam.
Despite its relatively small gold reserves, Cambodia has taken steps in recent years to increase its gold production and attract more foreign investment into its mining sector.
National Bank of Cambodia
These Gold reserves are held and managned by country's National Bank. The NBC also manages the country's Monetary Policy including Financial assets and foreign Exchange Reserves. It has the authority to sell and buy gold as to maintain the stability in the Country's Currency and also in the financial System.
Challenges
In recent years, there has been growing concern about the environmental impact of gold mining in Combodia and Country is facing some Challenges which i'm listing below
- Deforestation
- Soil erosion
- Water pollution
- Emission Of dengrious Chemicals.
The Governament is trying it's level to work on all the challanges they are facing when it comes to Gold mining.
Conclusion.
Combodia is one of the Fatest growing Travel Destinations. To increase it's revenue the Governament is trying it's level best to increase their Gold reserves.
