PanAust hands over new concrete road to the Government of Laos

PanAust hands over new concrete road to the Government of Laos

Last month, PanAust’s Lao-registered company, Phu Bia Mining handed over its 100 per cent investment of more than US$1.4 million in the newly constructed concrete road in Nam Mo village, located in Xaisomboun Province to the Government of Laos.

The handover ceremony marks one of the Company’s largest socio-economic contributions to the province as well as the strong friendship with the Lao People’s Democratic Republic.

Xaisomboun Provincial Governor, His Excellency Phoykham Houangbounguang, acknowledged the substantial investment when officially receiving the concrete road from Phu Bia Mining Chairman, Mr Chanpheng Bounnaphol and Phu Bia Mining Managing Director, Wen fu Wang.

The sentiment was also shared by high-ranking Government of Laos officials who attended the ceremony including the Vice Minister and Deputy Head of the Prime Minister’s Office, Her Excellency Madam Thippakone Chanthavongsa; the Vice Minister of Energy and Mines, His Excellency Thongphat Inthavong; the Vice Minister of Public Works and Transport, His Excellency Lan Sengaphone; and other senior Government officials and invited guests.

Following the ceremony, Phu Bia Mining hosted invited Government officials and local media representatives to a site visit at its flagship Phu Kham Copper-Gold Operation.

Ban Nam Mo is one of Phu Bia Mining’s host communities close to its Phu Kham Copper-Gold Operation, a host village, that has directly benefited from a wide range of Company initiated small-scale community development projects since 2008. The newly constructed road provides an important route, connecting Xaisomboun Province’s metropolitan area and other road users opting for an alternate route to Xieng Khouang Province.

The Nam Mo concrete road showcases how Phu Bia Mining continues to align its community development program with the Government of Laos’ land-linked strategy focused on building an interconnected public road network system in Laos.

Phu Bia Mining’s goal through its ongoing long-term presence in Laos, is to continue to partner with the Government to enable more investment in public road infrastructure.

Mr Lei Feng

Non Executive Director

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


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.