Lane Xang Minerals Limited Sepon Mine Extends Support to Business Sector

February 28, 2022

Last week, Managing Director of Lane Xang Minerals Limited (LXML) Sepon Mine, Mr Saman Aneka presented 80 million kip executive honorary or VVIP membership to the Executive Vice President of the Lao National Chamber of Commerce and Industry (LNCCI), Mr Daovone Phachanthavong.

“This executive honorary membership contribution will further support capacity building and promote the business sector in Laos, especially during the recovery from the impacts of COVID-19,” said Mr Saman Aneka, LXML Managing Director.

This year is the ninth year that LXML has contributed to the LNCCI as a VVIP member.

LXML Sepon has been operating an open-pit gold and copper mine since 2003. Over the past two decades, LXML has contributed over US$1.6 billion in direct revenue through taxes and royalties to the Lao Government, and hundreds of millions in indirect benefits through community development, employment, and training.

More than 40,000 people in Vilabouly have benefitted from the mine’s community development programme totalling US$13 million worth of projects and investment, and community income through local business groups has accumulated to more than US$47 million.

Earlier this month, LXML celebrated a ground-breaking ceremony for an exploration decline at Sepon mine Site. The project is intended to introduce the first modern underground mine in Lao PDR. This new development will extend the life of Sepon mine with modern equipment and advanced mining techniques.

LXML has consistently upheld the A+ rating from the Government of Lao for nearly ten years, and received many awards for its outstanding contribution in Lao PDR and the region including most recently the 2021 Outstanding Business Leader Award for COVID-19 prevention in Laos, the 2020 ASEAN Business Award for Combating COVID-19, and a two-time ASEAN Minerals Awardee in 2019 and 2017.

LXML is committed to mining for excellence and as a partner in development in the Lao PDR.

ທ່ານ ດາວວອນ ພະຈັນທະວົງ, ຮອງປະທານກິຕິມະສັກຂອງ ສຄອຊ ຮັບ ການປະກອບສ່ວນສະມາຊິກ ມອບໂດຍ ທ່ານ ສະໝານ ອະເນກາ, ຜູ້ອຳນວຍການໃຫຍ່ LXML ທີ່ຫ້ອງການ ສຄອຊ ໃນວັນທີ 25 ກຸມພາ 2022./Mr Daovone Phachanthavong, LNCCI Executive Vice President receives the Executive Honorary Membership contribution handed by Mr Saman Aneka, LXML Managing Director at the LNCCI office on 25 February 2022.