- General

LXML pays US$3-million royalty for 3rd quarter production

Mr Phoudong Soukhavong, Acting Director General of State Assets Management Department, Ministry of Finance received a royalty of over US$3,03 million for the 3rd quarter of 2020 copper and gold production handed by Mr Robin Hamilton-Coates, Senior Advisor – Stakeholder Relations, Lane Xang Minerals Limited (LXML) of the Sepon Mine.

Since production commenced in 2003, LXML Sepon has contributed over US$1.5 billion in direct revenue to the Lao government including over US$363 million in royalties.

Source: Lao News Agency