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
Showing posts with label laos. Show all posts
Showing posts with label laos. Show all posts
Wednesday, October 14, 2009
Monday, May 11, 2009
Esaco To Explore For Copper In Laos
Vietnam's Esaco Co. has signed an agreement with the Laotian government to explore for copper ore in the country, Vietnamese state media said on Monday.
Esaco will invest $7 million to explore for copper ore on 396 square kilometres in Laos' Attapu province, the Thoi Bao Kinh Te newspaper said.
The report said the exploration work will take five years.
Source: Marketwatch
Esaco will invest $7 million to explore for copper ore on 396 square kilometres in Laos' Attapu province, the Thoi Bao Kinh Te newspaper said.
The report said the exploration work will take five years.
Source: Marketwatch
Wednesday, April 29, 2009
Oz Minerals Reports Lower Zinc Production
OZ Minerals Ltd, which has struck a deal with China Minmetals Non-Ferrous Metals Co Ltd that will give it funds to pay down debt, has reported lower zinc production at its Century mine.
First quarter production was 101,961 tonnes and was lower due to the impact of wet weather during the period, which was the heaviest in the history of the mine based in Mount Isa, Queensland.
OZ Minerals said its production guidance for the year remained unchanged at 495,00 tonnes of zinc concentrate.
At the Sepon project in Laos, copper production was 17,217 tonnes and gold output was 26,422 tonnes.
OZ Minerals said its guidance for calendar 2009 copper production at Sepon was unchanged.
OZ Minerals recently recommended a revised offer from Minmetals that will deliver it $1.75 million in cash.
Minmetals hopes to acquire all of the companies metals mining assets, including Century, Sepon, Golden Grove, Rosebury, Avebury and Dugald River.
The deal excludes the Prominent Hill project in South Australia and selected assets in Cambodia and Thailand, which OZ Minerals will retain.
Minmetals had originally also wanted to acquire Prominent Hill.
OZ Minerals also said that it continued to working with its bank lenders to secure an extension to an upcoming debt maturity.
In late February, OZ Minerals got approval to extend the terms of its debt arrangements to March 31.
Its bankers then granted a further extension to April 30.
"The company continues to work with its lenders to secure a further extension to its facilities to 30 June 2009 to facilitate completion of the Minmetals transaction," OZ Minerals said.
The proposed transaction with Minmetals has been approved by the federal government and is awaiting Chinese government approvals.
Shareholders will vote on the deal at the company's annual general meeting in June.
Source: Melbourne Age
First quarter production was 101,961 tonnes and was lower due to the impact of wet weather during the period, which was the heaviest in the history of the mine based in Mount Isa, Queensland.
OZ Minerals said its production guidance for the year remained unchanged at 495,00 tonnes of zinc concentrate.
At the Sepon project in Laos, copper production was 17,217 tonnes and gold output was 26,422 tonnes.
OZ Minerals said its guidance for calendar 2009 copper production at Sepon was unchanged.
OZ Minerals recently recommended a revised offer from Minmetals that will deliver it $1.75 million in cash.
Minmetals hopes to acquire all of the companies metals mining assets, including Century, Sepon, Golden Grove, Rosebury, Avebury and Dugald River.
The deal excludes the Prominent Hill project in South Australia and selected assets in Cambodia and Thailand, which OZ Minerals will retain.
Minmetals had originally also wanted to acquire Prominent Hill.
OZ Minerals also said that it continued to working with its bank lenders to secure an extension to an upcoming debt maturity.
In late February, OZ Minerals got approval to extend the terms of its debt arrangements to March 31.
Its bankers then granted a further extension to April 30.
"The company continues to work with its lenders to secure a further extension to its facilities to 30 June 2009 to facilitate completion of the Minmetals transaction," OZ Minerals said.
The proposed transaction with Minmetals has been approved by the federal government and is awaiting Chinese government approvals.
Shareholders will vote on the deal at the company's annual general meeting in June.
Source: Melbourne Age
Thursday, March 12, 2009
Vietnamese Company To Prospect For Ores In Laos
Vietnam's Thien Phu Co. will invest $3 million in minerals exploration in Laos, state media said on Thursday.
The Voice Of Vietnam radio reported that the company will explore for zinc, tin and lead ores over an area of 500 square kilometres in Houaphan province over the next five years.
Once the ores are found, the company will seek Laotian government approval for production.
Source: Voice Of Vietnam
The Voice Of Vietnam radio reported that the company will explore for zinc, tin and lead ores over an area of 500 square kilometres in Houaphan province over the next five years.
Once the ores are found, the company will seek Laotian government approval for production.
Source: Voice Of Vietnam
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