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Chifeng Gold unit signs USD 220.16 million Laos mining services contract with China Railway 19th Bureau
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Chifeng Gold unit signs USD 220.16 million Laos mining services contract with China Railway 19th Bureau
  • Chifeng Jilong Gold Mining Group’s Laos unit LXML signed a mining services contract with China Railway 19th Bureau Group Laos.
  • Provisional consideration USD 220.16 million, excluding VAT, based on agreed mining rates over a six-year term.
  • Contract covers open-pit development and mining at the Sepon Gold and Copper Mine in Laos through March 31, 2032.
  • Includes a fixed USD 10.7 million portion for mobilization, demobilization, in-pit water management; remaining fees billed monthly by completed volumes.
  • Contractor to post USD 10 million security via cash deposit or bank guarantee within 60 days.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chifeng Jilong Gold Mining Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260807-12277578), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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