The strategic process run for MMG’s Sepon copper-mine in Laos has culminated in the sale of the operation for US$275 million to a Chinese buyer.Read more
Metals miner MMG will cease gold operations at its Sepon mine, in Laos, in December, owing to the depletion of ore reserves and lower margins.
CEO Michelmore pointed out that it was no longer economic for MMG to produce gold at Sepon. Michelmore said MMG would have to review the overall structure of the operation to meet future needs of the business. This would result in a change to resourcing requirements, which the company would work through over the coming months.
“MMG acknowledges that this is disappointing news for our workforce……