ID :
66375
Thu, 06/18/2009 - 10:06
Auther :
Shortlink :
https://oananews.org//node/66375
The shortlink copeid
Lao government owns 10 per cent of a mine
(KPL) A mining company, known as OZ LXML Sepon Ltd has changed its name to MMG LXML Sepon.
This is because of the sale of a number of this company’s assets to China Minerals Non-ferrous Co., Ltd (Minmetals) this week.
According to a press release by OZ Minerals Limited in Vientiane on 17 June the new company will be operated as a group called MMG (which stands for Minerals and Metals Group), with a head office in Melbourne, Australia.
This Chinese company is the 100 per cent owner of the Australian company, MMC.
While Chinese Minmetals owns assets of OZ, but MMG owns 90 per cent of Sepon and the Lao government has a 10 per cent ownership.
This is because of the sale of a number of this company’s assets to China Minerals Non-ferrous Co., Ltd (Minmetals) this week.
According to a press release by OZ Minerals Limited in Vientiane on 17 June the new company will be operated as a group called MMG (which stands for Minerals and Metals Group), with a head office in Melbourne, Australia.
This Chinese company is the 100 per cent owner of the Australian company, MMC.
While Chinese Minmetals owns assets of OZ, but MMG owns 90 per cent of Sepon and the Lao government has a 10 per cent ownership.
