Deal #256

Land area

Size under contract (leased or purchased area)

[2008, current] 125000 ha

Comment on land area

Since 2008, LXML has rehabilitated 452 hectares of land. The company said it is committed to returning land to a state that supports public safety and protects resources through sustainable revegetation. Source: Company website

Intention of investment

[2008, current] Mining (125000 ha)

Comment on intention of investment

Sepon Gold-Copper Project (Open-pit mining) Source: Company’s factsheet

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Negotiation status

[current] Concluded (Contract signed)

Implementation status

[2002, current] In operation (production)

Comment on implementation status

The previous owner of the copper and gold mine, MMG Ltd, had ceased gold production at the project in December 2013, citing depleting ore reserves and lower margins, choosing to focus on copper. The resumption of gold production will extend the life of Sepon mine for at least another ten years. Source: Mining.Com & Laotian Times Recently (July 2022), Chifeng Jilong Gold entered into a cooperation agreement with Lao Mining Development State Enterprise (LMD). The agreement will enable the parties to focus on exploration and development of mineral resources to develop another mining operation in Laos Source: News on company website