It is reported that Cambodia's Ministry of Planning and Investment has issued a joint license to Can Tho Cement Company creating a joint venture that will allow mining for laterite ore in Cambodia. The overall cost of the venture is USD 900,000.As per report Can Tho will contribute nearly half a million US dollars towards the joint venture with Cambodian firm Omsaura. It is expected the mine will yield 50,000 tonnes of ore a month.Construction on the project will begins next month with a view to exploiting the high iron clay known as laterite within two months.
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