May 24, 2018 9:33 AM ET

Metals and Mining

Company Overview of Lane Xang Minerals Ltd.

Company Overview

Lane Xang Minerals, Ltd. owns and operates gold and copper mines in Laos. The company was founded in 2002 and is based in Vientiane, Laos. Lane Xang Minerals, Ltd. operates as a subsidiary of Oxiana, Ltd.

Sisangvone Road

Vientiane,  

Laos

Founded in 2002

Phone:

856 6 2141 4474

Fax:

856 6 2141 4293

Key Executives for Lane Xang Minerals Ltd.

Lane Xang Minerals Ltd. does not have any Key Executives recorded.

Lane Xang Minerals Ltd. Key Developments

Lane Xang Minerals Ltd. Enters into Copper Cathode Sales Agreement with China Minmetals Non-Ferrous Metals Company

On November 10, 2017, Lane Xang Minerals Ltd. entered into the Copper Cathode Sales Agreement with China Minmetals Non-Ferrous Metals Company Limited (CMN) in relation to the sale of the Product to CMN. The term of agreement is from the date of the Copper Cathode Sales Agreement for sales during 2018 until all obligations of the parties are fulfilled. Quantity: Between 14,000 and 17,000 metric tonnes of Product per annum during 2018, with the exact quantity to be determined by the Seller. Pricing: The LME Copper Cash Settlement Quotation as published in the London Metal Bulletin averaged over the relevant Quotational Period plus an agreed premium. Delivery Terms: Shipments shall be arranged by the Seller from the delivery point nominated by the Seller to the place of final destination nominated by CMN pursuant to the terms of the sale agreement on a CFR (Incoterms 2010®) basis. The Copper Cathode Sales Agreement will also set out, among other things, specifications, shipping schedule, delivery terms, payment terms, quotational period and other usual conditions (including those dealing with title and risk, insurance requirements and termination and suspension rights). MMG proposed that the maximum aggregate amount payable by CMN to Lane Xang Minerals Ltd. under the Copper Cathode Sales Agreement for the financial year ending 31 December 2018 is $118.0 million. The Group's principal activities include the production and sale of metal products, including copper cathode. As part of its ordinary and usual course of business, the Group sells some of its products to CMN at prices and on terms which are consistent with prevailing market rates and conditions for the relevant products.

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