Russia's Neyland Joint Stock Co has been granted permission to survey for tin and zinc ore in the south-eastern Lao province of Attapeu, state media reported Wednesday.
Under an agreement signed on Monday, the Russian company has the right to conduct land surveys in an area of 165 square kilometres in the Xaysethha district to estimate the extent of tin and zinc reserves, the Vientiane Times said.
The company was granted five years to conduct land surveys and collect data on the extent of mineral reserves in the district.
Neyland is the third Russian company to invest in mining in Laos.
Laos, one of the world's few remaining communist countries, was a member of the Soviet Bloc prior to the Soviet Union's collapse in the late-1980s.
Source: Deutsche Presse Agentur via Monsters and Critics
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