Phu Bia Mining celebrated the 10th anniversary of its flagship Phu Kham Copper-Gold Operation at a cocktail function held at the Crowne Plaza in Vientiane on May 15.
The Company was honoured to celebrate the milestone with Government of Laos representatives, including Deputy Prime Minister, Mr Sonexay Siphandone, Vice Minister of Energy and Mines, Mr Thongphat Inthavong, Vice Minister of Planning and Investment, Mr Khamlien Pholsena and Vice Minister of Finance, Mr Madam Thipphakone Chanthavongsa.
A selection of the Company’s suppliers, customers, and employees were also in attendance.
Officially opening on May 9, 2008, celebrations marking the occasion were held at the Operation for site-based employees on Saturday 12 May. Employees at the Company’s nearby Ban Houayxai Gold-Silver Operation celebrated its 6th anniversary on Sunday 13 May.
When asked about Phu Kham’s milestone, Phu Bia Mining Chairman, Mr Chanpheng Bounnaphol spoke proudly of the Company’s production excellence, and dedication to sustainability and cost-efficient business outcomes.
From humble beginnings, Phu Kham has developed into a world-class operation. During that time, Phu Bia Mining has flourished into a formidable mid-tier copper and gold producer. Together with the nearby Ban Houayxai Gold-Silver Operation, Phu Bia Mining has cumulatively produced 690,197 (t) tonnes copper in concentrate, 1,352,252 ounces (oz) gold and 9,530,722oz silver.
Importantly, the Company’s dedication to achieving operational excellence through cost-efficient business methodologies and practices, has enabled Phu Bia Mining to make a significant, positive contribution to the Government and people of Laos.
At year end 2017, direct financial contributions to the Government of Laos totalled approximately U$623,000,000.
Through expenditure on physical assets and exploration, the Company has invested approximately US$1.4 billion in Laos. The Company has expended over US$60 million on public road infrastructure and maintenance along the logistic route and regional roads close to its Operations.
Communities closest to our operations have benefited from Phu Bia Mining’s presence in Laos. Through direct employment 91 per cent of the Company’s workforce is Lao-national and through community development.
Since 2008, approximately US$4.1 million has been invested in Community Development Funds projects. This outlay encompasses 293 small-scale projects across the focus areas of education, health, agricultural development, small business development, microfinance and infrastructure.
On behalf of Phu Bia Mining’s Board of Directors, I would like to thank the Government of Laos for their leadership and policy stability. The Company looks forward to continuing its prosperous relationship with its host Government and communities in Laos.
I would also like to thank Phu Bia Mining’s employees past and present who have collectively worked towards operational excellence at Phu Kham, Mr Bounnaphol said.
Source: Lao News Agency