Russian company prospects for tin and zinc in Laos

(KPL) A Russian mining company, Joint Stock Company “Neyland” Russian Federation will invest US$5 million in tin and zinc ore exploitation project in the southern province of Attapeu.
The Joint Stock Company “Neyland” Russian Federation was given green light from the Lao government to start prospecting for minerals and surveying the mining area on 165 sq km in Sanesay and Saysettha districts.An agreement on the investment was signed in Vientiane Capital on Monday by Director of the Joint Stock Company “Neyland” Russian Federation, Mr Alexander Khaskin, and Deputy Minister of Planning and Investment, Mr Thongmy Phomvisay.
Deputy Prime Minister and Minister of Foreign Affairs, Dr Thongloun Sisoulith, Minister of Public Works and Transport Mr Sommath Pholsena, and several government officials witnessed the signing ceremony. Head of the Mining Department, Ministry of Energy and Mining, Mr Thongphat Inthavong, said that the company would spend five years on prospecting for the minerals and surveying the mining areas in the province. The Joint Stock Company “Neyland” Russian Federation is the third Russian business to invest in mining in Laos.
At present, more that 140 mining companies have been operating in mining areas, most of them are small and medium enterprises.