Laos plans to promote foreign and domestic investments in mining with the aim to increase revenues from that sector to 25% of the national gross domestic products(GDP) by the year 2025.
A survey performed by Chinese companies during the past two years has shown that Laos is rich in a variety of minerals such as gold, copper, tin, iron, limestone, etc... The survey, covering about 30% of the total land area, has located potential mineral reserves in over 560 areas.
The central province of Khammouane is said to be the most abundant in mineral. A provincial official says his administration has given a green light to feasibility studies by both foreign and domestic investors.
Listen to our Laos Today report for further details.