Chinese State-Owned Enterprises support Phu Bia Mining’s growth in Laos
8 Oct 2023 Government of Laos, Phu Bia Mining

Chinese State-Owned Enterprises support Phu Bia Mining’s growth in Laos

Phu Bia Mining (PBM) were honoured to host Mr Chen Shengguang, Member of Guangdong Provincial Committee of the Chinese People’s Political Consultative Conference (CPPCC) and Director and General Manager of Guangdong Rising Holding Group Co., Ltd (GRHG), and Mr Shu Yao, the Chairman of Guangdong Rising H.K. (Holding) Limited (GRHK), who led a delegation from GRHG and GHRK on their inaugural visit to Laos.

Phu Bia Mining’s Australian-headquartered parent company, PanAust is owned by GRHK which is a wholly owned subsidiary of GRHG. GRHG is a Chinese state-owned company regulated under the State-owned Assets Supervision and Administration Commission, the People’s Government of Guangdong Province in China.

The delegation met with the Minister of Energy and Mines, Mr Phoxay Xayasone, who extended a warm welcome to Mr Shengguang, who is also The Deputy Secretary of the People’s Republic of China Party Committee, and Mr Yao. During the meeting with the Minister, Mr Shengguang discussed the special relationship between the Government of the People’s Republic of China, the Government of Laos and GRHG investment goals in the country.

The Minister of Energy and Mines made a number of positive comments, noting Phu Bia Mining’s very high standards in all areas of its Operations, as well as the also making numerous financial and socio-economic contributions to the Government of Laos and the Lao people.

PanAust Managing Director and Chief Executive Officer, Mr Daling Zheng, spoke about the importance of the visit by the high-level delegation from Chinese State-Owned Enterprises. Mr Zheng said, “This was the delegation’s first time to Laos and to see our Phu Bia Mining Operations. GRHG and GRHK have a strong commitment to further invest in the country. We continue to ensure that our ongoing investment makes direct financial returns to the Government of Laos and socio-economic benefits for the Lao people.”

PBM Chairman, Mr Chanpheng Bounnaphol, added: “GRHG and GRHK are pleased to see Phu Bia Mining’s continuing strong investment in Laos with direct financial contributions of US$968 million to the Government of Laos. We have also paid US$2.48 billion to Lao and Lao-based international companies. We are proud that we employ more than 3,000 Lao nationals. With a positive investment outlook, the delegation foresees positive future opportunities for the mining industry here in Laos.”

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Mr Lei Feng

Non Executive Director
MBA, FCCA

Mr Lei Feng has over 20 years of financial management experience in various sectors including printing, packaging, shipbuilding, grain trading, mining and finance.

Mr Feng began his career in 2004 as a Financial Accountant at C & C Joint Printing Co., (Guangdong) Ltd., after completing a Masters of Business Administration degree between 2002 and 2004 at Sun Yat-Sen University.

After five years, in 2009, Mr Feng was appointed as Financial and Executive Manager at Heshan Innopak Co., Ltd. Since 2013, Mr Feng has held senior financial positions with various Guangdong state-owned companies regulated under the State-owned Assets Supervision and Administration Commission.

In 2013, Mr Feng took up a new appointment as Financial Controller, at Guangxin Shipbuilding and Heavy Industry Co., Ltd and was appointed in 2016, as the Financial Controller with Donlink Group Co., Ltd.

In 2018, Mr Feng joined Guangdong Rising Holdings Group Co. Ltd., (GRHG) as the Deputy General Manager of the Finance Department and later in 2020 he was appointed as General Manager of Finance. In early 2022, Mr Feng took on his current position of General Manager of Guangdong Rising Investment Development Co., Ltd, with GRHG.

Mr Feng became a Non-executive Director of the PanAust Limited Board of Directors on 10 May 2022.

Mr Daling Zheng

Managing Director and Chief Executive Officer
MCom, MBA, PGDip

Mr Daling Zheng is PanAust Limited’s Managing Director and Chief Executive Officer. He has 20 years of experience in asset management and investment in China and internationally and holds a Master of Commerce (Applied Finance) from the University of Queensland, an MBA from Murdoch University, and a postgraduate diploma from the Queensland University of Technology.

Prior to joining PanAust Limited, Daling worked for Shenzhen Zhongjin Lingnan Nonferrous Metal Co. where he was involved in mergers, acquisitions, and the asset management of international mines.

Daling’s previous experience includes as an investment approval officer in the Investment Management Committee of the China Ping An Group where he was responsible for the acquisition of global-listed companies and commercial banks, underwriting, investing in corporate bonds, and participating in Moody and Standard & Poor’s credit rating on Ping An Group. He has also been responsible for corporate banking at the China Minsheng Bank, and was an analyst in the energy and nonferrous metal industry at CITIC Futures.

Daling was appointed an Executive Director of PanAust Limited on 27 August 2018, Chief Financial Officer on 15 January 2019 and Deputy Chief Executive Officer on 23 July 2020. In 2022 Daling was appointed as Managing Director and Chief Executive Officer of PanAust Limited.

Mr Shu Yao

Chairman
BEng, MBA

Mr Shu Yao is a Mining Engineer with over 30 years’ of experience in mining operations and management.

Mr Yao joined Shenzhen Zhongjin Lingnan Nonfemet’s (Nonfemet) Fankou Mine – one of the largest lead and zinc producing mines in Asia – in 1989 as a Mining Technician. He would later serve as the Mining Manager, General Manager of the Mining Department, and Assistant General Manager during his 26 year tenure with the Mine.

In 2015, Mr Yao transitioned to work directly for Nonfemet as the Assistant President; General Manager of the Mineral Resource Department. While with the Company, Mr Yao would go on to hold the roles of Deputy President and Director, and Executive Deputy President and Director.

In 2020, Mr Yao transitioned to his current role of Chairman of Guangdong Rising Investment Development Co. Ltd; a first tier subsidiary of Guangdong Rising Holdings Group Co. Ltd.

Mr Yao became the Chairman of PanAust Limited on 11 May 2021.