Extractive industries
Laos Suspends Power Supply to Cryptocurrency Mining Businesses
Electricite du Laos (EDL) has announced that it will no longer supply electricity to cryptocurrency mining operations in Laos, citing long-term outstanding debts.The notice, issued by EDL on Wednesday, states that Laos experienced drought conditions during the first six months of 2023, with extreme heat causing ...
Manyphone Vongphachanh
Villagers in Laos worry large mining concession will disrupt their lives
The Attapeu provincial government signs a contract with a construction company to conduct a survey for pagodite and other soft stones in Khamvongsa village, Phouvong district, Attapeu province, Laos, on Feb. 8, 2023. Residents in southern Laos’ Attapeu province are concerned that more than one-fourth of ...
RFA Lao
Ministry of Energy and Mines Suspends Foreign Mining Company
Ministry of Energy has issued a notice suspending the operations of a foreign mining company in Oudomxay due to recurring safety issues. The notice states that Lao-Xinlong Mining Company has had its operations in Pak Bang District suspended due to repeated accidents affecting lives and property.Lao ...
Manyphone Vongphachanh
Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens
Inflation continues to spiral out of control in Laos, with the country’s Statistics Bureau announcing this week that the country’s year-on-year inflation had risen to a 22-year high of 23.6 percent in June. According to a report in the state-run Vientiane Times, the consumer price index ...
Sebastian Strangio
Govt appoints taskforce to address fuel crisis, skyrocketing prices, foreign currency shortfall
The government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves.The move comes as Laos battles a damaging fuel shortage in the wake of the depreciation of the kip. The unfavourable exchange rate ...
Souksakhone Vaenkeo
Public advised to avoid unnecessary travel, to save fuel for agriculture
The Ministry of Industry and Commerce and the Lao Fuel and Gas Association are urging members of the public to be frugal in their use of fuel and not to travel unnecessarily, so that enough reserves of petrol are available for use for farming and ...
Phetphoxay Sengpaseuth
Opened the first modern underground mine in Laos
Community and government stakeholders yesterday visited Lane Xang Minerals Limited (LXML) Sepon mine opened the first modern underground mine in Lao PDR.With a mineral resource of 9.5 million tonnes and projected ore production to increase from 400,000 tonnes in 2023 to 1.2 million tonnes per ...
Manyphone Vongphachanh
Fuel shortage causing hardship for Lao people
Fuel businesses and importers are struggling to supply enough fuel to meet public demand due to fluctuating currency exchange rates and the volatile global oil market.Fuel shortages forced petrol stations in Vientiane and some provinces to close on Monday, with many of desperate motorists going ...
Phetphoxay Sengpaseuth
Lao Officials Promote Environmental Protection at Mining Projects
During a recent cabinet meeting, the government said it encouraged mining exploration by licensed mining companies to promote excavation and revenue derived from mineral exports. From 2021 to 2025, Laos is expected to produce mineral products valued at USD 7.832 billion, increasing by four percent from ...
Latsamy Phonevilay
The government has approved Sepon Mining Limited to mine gold
On 21 February 2022, the Government of Lao PDR and Sepon Mining Company jointly signed an agreement on the mining and processing of gold ore in Sepon District, Savannakhet Province with an area of 206.72 hectares, which the Company has committed to the Government in ...
