Chifeng Jilong to Restart Gold Production at Sepon Mine in Laos
China’s Chifeng Jilong Gold Mining Co has said it will begin processing gold ore from its mine in Sepon, Laos, after a six-year hiatus.
According to a report by Reuters, the restart of gold production at the mine is due to gold prices hitting a seven-year high last month, making the process profitable once again.
The Covid-19 pandemic has led to increased trade in the precious metal.
Chifeng Jilong made a statement on Saturday that the launch of gold production at the Sepon mine was three months ahead of schedule, in spite of the Covid-19 outbreak.
“It is estimated that finished gold can be produced in early June,” said the company in a statement on its website.
Latsamy Phonevilay
