MMG sells Laotian Sepon Mine to Chinese gold miner for $275mln

Australian-Chinese miner MMG will sell its Sepon copper mining asset in Laos to a Chinese gold miner for $275 million, the company said on Thursday.

MMG will offload its 90% stake in Lane Xang Minerals, owner of the Sepon mine, to Chifeng Jilong Gold Mining, according to the statement.

The Sepon mine, which started operations in 2005, has produced over...

Published

Julian Luk

June 21, 2018

13:06 GMT

London