Recently, Chifeng LXML Sepon (LXML), a subsidiary of Chifeng Gold, successfully entered into a cooperation agreement with Douangchaleun Development Company (DDC) for cooperative exploration in Laos. This agreement covers 26 project areas with potential to develop gold, copper and rare earth, covering a total mining area of about 6,490 km².

DDC, as the private enterprise with the most mineral rights in Laos, is involved in mining, construction, logistics and other infrastructure sectors.

LXML has established a good cooperative relationship with Lao Mining Development State Enterprise (LMD). DDC hopes to jointly develop many mining areas it owns by virtue of the good reputation and strong strength of Chifeng Gold and LXML in the industry.