9 July 2006

Oxiana - look back at 2005

Asia Today Online ® - Asia is our Business: "MELBOURNE — The first major load of copper cathode will come out of the processing plant at the Khanong copper mine in Laos at the end of this month, promising a deepening of the country’s infant mineral sector.

The Australian company Oxiana began mining copper — the first copper mined in Laos — at the end of last year. By the end of 2005, the mine is expected to yield some 30,000 tonnes of copper. In full production, it will turn out double that. The mineral will be snapped up by buyers from neighbouring Southeast Asian countries.

Says Owen Hegarty, Founder and Chief Executive of mine operator Oxiana: “They can’t get enough of it. We are already getting faxes and emails every day for our copper. Buyers are virtually standing at the front gate.” Hegarty says the copper will be trucked to China, Malaysia, Thailand and Vietnam."

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