Prime Minister Hun Sen on Saturday said that he has denied a proposed titanium investment worth of $20 billion in Koh Kong province because it could wipe out forest and wildlife.
Speaking at the Sea Festival in Koh Kong province on Saturday, Mr Hun Sen said that he turned down the proposed titanium investment worth of about $22 billion in Thmar Baing district’s Chi Phat commune which was raised by the Ministry of Mines and Energy because it could affect forest and environment.
“I decided not to permit a titanium investment as my study has found that before titanium worth of about $20 billion could be extracted, we will lose about 20,000 hectares of forestland, rare wildlife, including elephants and other rare species,” Mr Hun Sen said.
Mr Hun Sen added that two months later, there was a new request which he denied again.
Full story in Monday’s paper