---
title: "Chifeng Gold unit signs USD 220.16 million Laos mining services contract with China Railway 19th Bureau"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295228611.md"
description: "Chifeng Jilong Gold Mining Group's Laos unit, LXML, signed a USD 220.16 million mining services contract with China Railway 19th Bureau Group Laos. The six-year agreement covers open-pit development and mining at the Sepon Gold and Copper Mine through March 31, 2032. It includes a fixed USD 10.7 million mobilization fee, with remaining fees billed monthly based on volume. A USD 10 million security deposit is required within 60 days."
datetime: "2026-08-07T11:37:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295228611.md)
  - [en](https://longbridge.com/en/news/295228611.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295228611.md)
generator: "portal-rs"
---

# Chifeng Gold unit signs USD 220.16 million Laos mining services contract with China Railway 19th Bureau

-   Chifeng Jilong Gold Mining Group’s Laos unit LXML signed a mining services contract with China Railway 19th Bureau Group Laos. \* Provisional consideration USD 220.16 million, excluding VAT, based on agreed mining rates over a six-year term. \* Contract covers open-pit development and mining at the Sepon Gold and Copper Mine in Laos through March 31, 2032. \* Includes a fixed USD 10.7 million portion for mobilization, demobilization, in-pit water management; remaining fees billed monthly by completed volumes. \* Contractor to post USD 10 million security via cash deposit or bank guarantee within 60 days. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chifeng Jilong Gold Mining Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260807-12277578), on August 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**