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Annamite Resources in Laos Exploration for Gold, Silver and Copper Minerals (Mining Companies in Laos) Mining Company in Singapore Mining in Laos, Investment Opportunity in Singapore, Investment Opportunity in Laos, Investment Opportunities in Singapore, Investment Opportunities in Laos

COMMUNITY DEVELOPMENT ACTIVITIES

The only active project is Sokdee where we have been implementing initial community projects.
 

Since February 2022, Annamite has employed casual labour from Namthom and Navay villages, to perform such tasks as soil sampling, core cutting and sampling, housekeeping, and general maintenance.

01

Repair of the Bridge over the Nam Ton River

Annamite donated in April 2022 US$2,000 towards the repair of the bridge over the Nam Ton River between Souanmone and Namthom villages.  The Namthom village chief later presented a certificate of recognition of LHBS – Annamite support.

02

Toilets for students at the Namthom Elementary School

Annamite/LHBS is providing during September - December 2022 an additional $3,000 towards the construction of two new toilets for students at the Namthom elementary school.

03

Solid Waste Management

A new project will commence in November 2023 by LHBS/Annamite Resources is related to solid waste management in Namthom, Mouk, Souamone and Navai Villages. 

The initial cost estimate is $20,000, currently being assessed and discussed. An initial study has started in April 2023.

04

Activewear and Sports Equipment for Students at Naxam School

Annamite/LHBS provided in March 2023 activewear and sports equipment to the Naxam Elementary and Secondary School worth US$500.

Students attending the Naxam School come from the villages around the Sokdee Concession.

05

Causeway Restoration in Namthom Village

The restoration of the causeway west of Namthom Village within the Sokdee Project exploration area is a crucial infrastructure endeavor. This project holds immense significance as it tackles the urgent problem of erosion, which hampers access during the monsoon season.

 

Moreover, it places a strong emphasis on ensuring the safety of both the local villagers and the exploration team. Despite the formidable challenges presented by the rainy season, Annamite's dedication to this initiative stands resolute and unwavering.

Annamite/LHBS contributed in 2022 a total of US$6,000 for community development in Namthom village.  In 2023 we plan to spend around $22,000.

It is beyond and above what LHBS must contribute to the three (5) funds per the Concession Agreement signed in 2010. The company must contribute US$5,000 per year to each of the following funds:

  • Project Management Fund;

  • Government Training Fund;

  • Local Development Fund (village and district);

  • Social Development Fund (province); and

  • Environmental Protection Fund.
     

In addition, LHBS/Sokdee must pay “land rent” at various stage of the project development. It is per square kilometre US$200 during exploration and US$300 during feasibility.  

 

In addition to implementing all the actions mentioned  above, Annamite needs to develop three key documents in the coming month:

  • Community Development Strategy;

  • Land Access Strategy, in particular for the rubber plantations; and

  • Environmental  and social baseline data requirements in order to have the foundation for assessing impacts when preparing Scoping Report and Pre-feasibility Study, ahead of the Environmental and Social Impact Assessment (ESIA) required by Lao regulations and the Equator Principles/ IFC Performance Standards. 

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