Domestic news

MMG LXML Sepon pays dividend to Laos

(KPL) MMG LXML Sepon paid US$5 million dividend for 2014, a 10-per cent share of LXML, to the Lao Government on Tuesday.

A cheque worth US$5 million was presented by Mr Rick Watsford General Manager of MMG LMXL Sepon to Mrs KhamphayVithasay, Director General of State Owned Enterprise Finance Management Department, Ministry of Finance.

The Lao Government owns a 10-per cent share of LXML and has received over US$1.3 billion in direct revenue, including taxes, royalties and dividends since the Sepon mine commenced operations in 2003, according to the LXML source.

 

 

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