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777D haul truck at the Ban Houayxai Gold-Silver Operation. |
Phu Bia Mining pays US$4m dividend to govt, marking over US$1 billion in total contributions
Phu Bia Mining (PBM), a leading mining firm in Laos, paid a dividend of US$4 million to the Lao government in the first quarter of 2025. The payment represents the latest annual contribution to the Lao government, which holds a 10 percent ownership stake in PBM.
Since operations began, PBM has made cumulative payments in excess of US$1 billion to the government. These regular payments have a substantial impact on the nation’s economic development.
Dividend payments made to the government have totalled more than US$107.4 million since 2012 when PBM entered into a shareholder agreement with the government.
To date, PBM’s cumulative payments to the government include US$367.5 million in corporate tax, US$523.5 million in royalties, US$71 million in personal income tax, US$19.7 million in social security fund payments, and US$72.2 million in other contributions.
PanAust Managing Director and Chief Executive Officer, Mr Daling Zheng, said 2025 will bring more opportunities for Phu Bia Mining, a subsidiary of PanAust.
“This year marks a year of change and evolution for our Phu Bia Mining Operations. The current strong commodity prices mean our Phu Kham Copper-Gold and Ban Houayxai Gold-Silver Operations are able to engage in extensive exploration opportunities to develop new mines and advance current projects for copper and gold production with our MEPA area in Xaysomboun province,” he said.
“We have innovative systems in all parts of our process, and understand the relationship between this essential investment in technology, and the positive effects in how it improves our production capabilities, streamlines our operations and processes, and ultimately leads to improved profitability.”
Phu Bia Mining Chairman, Mr Chanpheng Bounnaphol, added: “I would like to reiterate my confidence message from January 2025, that we will continue to work closely with the government of Laos and the sectors in charge of the mining industry.”
“As advocates of the Prime Minister’s words on the effectiveness of Laos’ mining projects, we work hard to be the benchmark for the industry. This is an exciting time for us as we explore opportunities with relevant government sectors to see how the industry can maximise financial returns for the benefit of Laos and its people.”
By Advertorial Desk
(Latest Update June 30, 2025)
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