Kuwait-India JV to explore for gold, iron in Cambodia

Accompanied by American, British and African investors, KPR Raja, head of Pima International, unveiled the plan to reporters at Phnom Penh International Airport while on a visit to Cambodia.

The firm plans to invest between US$10 million and $15 million (Bt300 million-Bt450 million) in gold and iron exploration in Kampong Chhnang, Kratie and Mondulkiri provinces after it received authorisation from the Cambodiaan government. The operation is due to be launched in October.

The company also plans to invest approximately the same amount in a rice mill in Prey Veng province.

According to a press release from Pima D&D International, Pima International is one of the biggest companies in Kuwait and started operations in 2000. The company operates mining businesses in the Middle East, Africa and Indonesia. Operating in Cambodia since 1997, D&D Pattnaik International runs businesses in the agriculture, information-technology, education, drinks and real-estate sectors.