Gold Sepon

Expat Community Laos

Hundreds Of Local Workers Laid Off At MMG Gold Mine

Hundreds of local workers have been laid off at an Australian-operated gold mine in southern Laos following an announcement last year by company executives that the firm would cease mining the precious commodity due to rising costs.
About 400 of 4,000 workers at the MMG Lane Xang Minerals Limited Sepon mine in Savannakhet province were let go last week and paid compensation, a company officer told RFA’s Lao Service last week. Foreign employees, mostly experts, were also laid off last year, he said.
Work at the Sepon site will now focus on copper production, which had already generated …..

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BusinessLao Economy

MMG Halts Gold Production In Laos

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……

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