Company Overview

LXML SEPON

Lane Xang Minerals Limited (LXML Sepon) operates the Sepon Gold and Copper Operation located in Vilabouly District, Savannakhet Province.

Lane Xang Minerals Limited is the registered name in Laos in which Chifeng Jilong Gold Mining Co., Ltd (Chifeng) owns 90% and the Lao Government owns 10%.

Since the operations commenced in 2003, Sepon has produced almost one million tonnes of Copper cathode and over 1.2 million ounces of Gold doré. Sepon produced over 39,730 tonnes of copper  and 64,809 ounces of gold doré in 2020.

2021 Production guidance for Sepon is over 250,000 ounces of gold doré and 7,000 tonnes of copper cathode.

Major Shareholders

The Lao Government owns 10% of LXML.

Chifeng Jilong Gold Mining (Chifeng) owns 90% of LXML. 

Chifeng is a Shanghai listed metals producer (SH600988) headquartered in Chifeng, Inner Mongolia. Chifeng is a leading gold producer in China, with three core mining operations along with a mineral resources recycling business, which produces a variety of precious metals from low grade precious metals and electronic device recycling.

Chifeng is specialized in gold acquisition and integrated resource recovery and utilization. Its products include rare and precious metals such as gold, silver, bismuth, palladium and rhodium.

KEY FACTS

History Timeline

1992

Rio Tinto discovers Sepon

1999

Rio Tinto sells 80% option over Sepon to Oxiana

2003

First Gold production

2004

Oxiana buys Rio’s remaining 20% stake in Sepon

2005

First Copper production

2008

Oxiana merges with Zinifex to form OZ Minerals

2010

MMG Acquires Sepon from OZ Minerals

2011

Copper plant capacity expanded to 80,000 tonnes per annual

2013

Gold production suspended

2018

Chifeng acquires Sepon from MMG

2020

The ‘New Gold Era’ – Gold Operation Resumes

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LXML Sepon Fact Sheet 2020
English Lao

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