On the afternoon of July 11th, Chifeng Gold LXML and Lao Mining Development State Enterprise (LMD) held a signing ceremony for cooperation of mine exploration, and both parties will work together to carry out exploration of various mining resources projects in Laos.
LMD is a wholly state-owned company in Laos, which belongs to the Ministry of Energy and Mines. It has gold, copper and rare earth mining rights at multiple places, and is mainly responsible for exploration, reserve and cooperative development of mineral resources in Laos.
Before the signing ceremony, Fu Xuesheng, Chairman of LXML, Paul Harris, General Manager, and Saman, Deputy General Manager talked with Laos Deputy Minister of Energy and Mines and Chairman of LMD. Fu Xuesheng first thanked the Ministry of Energy and Mines for its support. Chifeng Gold will increase its investment in Laos, devote itself to the development of gold, copper, rare earth and other resources, adhere to high standards and scale, form regional advantages, and contribute to Laos’ economic development. Thongphat, Deputy Minister of Laos Ministry of Energy and Mines, spoke highly of the development of LXML in recent years. He said that the vigorous development of Sepon Mine from the close of mine closure to the present proves that Chifeng Gold is a trustworthy and responsible international company. LXML is the best mining company in Laos and has made great contributions to Laos. The Lao government welcomes Chifeng Gold’s mining development in Laos, and the Ministry of Energy and Mines will continue to support Chifeng Gold’s large-scale development of multi-mineral resources, believing that the cooperation between the two Parties will achieve great success.
Attending the signing ceremony were Thongphat Inthavong, Deputy Minister of Energy and Mines of Laos, leaders of relevant departments, Bounyong Sidavong, Executive Director of LMD, Acting Executive Director, managers of various departments, Fu Xuesheng, Chairman of Chifeng Gold LXML, Paul Harris, General Manager, Saman, Deputy General Manager and relevant personnel.