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| Prime Minister Sonexay Siphandone (right) welcomes the Chairman of GDRH, Mr Lyu Yongzhong, and his delegation at the Prime Minister’s Office in Vientiane. |
Guangdong Rising Holding Group confirms Phu Bia Mining’s long-term investment in Laos
Phu Bia Mining (PBM), a subsidiary of PanAust, was honoured to welcome senior executives from PanAust’s parent company, Guangdong Rising Holding Group (GDRH) and Guangdong Rising H.K. (Holding) Limited.
The seven-member delegation included the Chairman of GDRH, Mr Lyu Yongzhong, the Vice Presidents of GDRH, Mr Zheng Renfa and Mr Wu Shenghui, the President of GRHK, Mr Feng Lei, and the Vice President of GRHK, Mr Huang Zhibin.
The senior executives met Lao Prime Minister Sonexay Siphandone, who extended a warm welcome to Mr Yongzhong and his entourage.
During the meeting, Mr Yongzhong spoke about the development of GDRH, its ongoing investments and developments in Laos, and the opportunities and challenges as the GDRH strives to work with the government.
The briefing was marked by positive and productive discussions between GDRH and the Lao government.
Mr Yongzhong said, “The People’s Republic of China and the Lao PDR are good neighbours, good friends and a community with a shared future. As a Chinese state-owned enterprise, we always adhere to corporate social responsibilities, attach great importance to environmental protection and community development, and ensure that our projects can truly benefit the government and the people of Laos.”
Prime Minister Sonexay made positive comments and recognised GDRH’s confidence in investing in Laos and PBM’s contributions to Laos’ economy and society. The Prime Minister said the government and the people of Laos are proud to have GDRH as a responsible investor and partner. He added that PBM’s world-class mines have set a good example for all mining companies in Laos.
The PanAust Managing Director and Chief Executive Officer, Mr Daling Zheng, spoke humbly about the strong relationship and business ties between the People’s Republic of China and the Lao PDR.
Mr Zheng said: “The visit of senior executives from GRDH and GRHK elevated PanAust’s long-term commitment to continue business growth in Laos. We operate our business with our best intentions for positive benefits and returns to the Government and the people of Laos. I have strong confidence in our shareholder that Phu Bia Mining will continue to build the future here for years to come.”
ByAdvertorial Desk
(Latest Update July 5, 2024)
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