Deputy Minister of Energy and Mines Mr Thongphath Inthavong congratulates LXML for consistently achieving an A+ rating, handing the award to LXML Managing Director Mr Saman Aneka on January 13 at the Annual National Mining Conference 2022. The event was hosted by the Ministry of Energy and Mines at the Landmark Riverside Hotel in Vientiane, Laos.

LXML Sepon Mine rated A+ by Ministry of Energy and Mines

The Ministry of Energy and Mines awarded Lane Xang Minerals Limited (LXML) an A+ rating last week for setting a leading example to other mining operations in compliance with international environmental standards, contributing to sustainable community development, generating over 5,000 local jobs, and for its significant contribution to socio-economic development in Laos.
LXML has maintained the highest rating for six consecutive years since 2016, when the Lao government initiated such assessments to acknowledge performance standards. LXML is the only mining company in Laos to have consistently achieved this prestigious rating.
The ministry praised LXML for improving livelihoods; modern mining methods and technology; safety standards; supporting local products, businesses and services; continuing expansion and growth; and for supporting growth in other sectors.
LXML is developing the first modern underground mine in Laos at the Sepon Mine in Vilabouly district, Savannakhet province.
LXML secured the A+ rating by meeting certain standards, including: (i) legal compliance; (ii) meeting obligations; (iii) respect for host country and community; (iv) promotion of domestic labour and skills development; (v) safety and occupational health standards; (vi) productive and transparent operation with no adverse social and environmental impacts; and (vii) environmental management and mine closure planning.
“At LXML, we are committed to operating in compliance with national and international standards, especially with regard to safety and environmental performance,” said Mr Saman Aneka, LXML Managing Director.
“Recognition inspires us to strive for continuous improvement as a responsible investor and good corporate citizen to maintain strict standards, and ensure benefits are shared with all stakeholders.”
Since operations commenced in 2003, the Sepon Mine has produced over 1.5 million ounces of gold and 1.1 million tonnes of copper, contributing over US$1.6 billion in direct revenue to Laos in taxes, royalties and dividends, and hundreds of millions of dollars in indirect benefits through employment, training, community development, and payments to local business partners and suppliers.
More than 40,000 people in Vilabouly benefit from community development programmes, totalling US$20 million worth of projects and investment, and community income through local business groups, which has accumulated to US$50 million.
The Annual Mining Conference is hosted by the Ministry of Energy and Mines every year to conclude outcomes of the mining sector work for the year and plan for the following year, attended by representatives from central and provincial mining departments and divisions, and invited mining companies.

By Advertorial Desk
 (Latest Update January 18, 2023)