LAOS COPPER
September 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) has drawn up plans to lend Euro 70 million to help Australia's Oxiana Resources develop a copper mine in Laos. On the basis of its policies supporting international development, the EIB would fund Oxiana's development of the Khanong open cast pit, 370 kilometres southeast of the Laos capital Vientiane. Its investment would help pay for a hydrometallurgical processing facility designed to produce 60,000 tonnes per year of copper cathode, at a life of mine average cash cost of US$0.37/lb. A bank note said it wanted ...
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