Foreign firms’ future in Myanmar mining hangs on details

A new amendment has the potential to fundamentally alter the economics of mining in Myanmar and draw a new round of foreign companies to the country. But with commodity prices dropping firms are searching for the most favourable fiscal regimes, and the outlook for Myanmar rests heavily on regulations now being drawn up. A long-awaited […]

Australia-based mining company granted three blocks

Australian PanAust Group has been granted exploration licences for three mining blocks in Myanmar, becoming the first foreign firm to receive the green light after a new mining law was passed last December. A subsidiary of Chinese state-owned Guangdong Rising Assets Management, PanAust will have the right to explore and produce mineral resources in Hel […]

Scramble for electricity will increase Myanmar’s reliance on imported coal

Myanmar has long struggled to provide electric power to its citizens, but a push to electrify the country in the next 15 years under the National Electrification Program has led to the drafting of a plan that pushes the boundaries of realism. Under the program, the Ministry of Electric Power (MEP) plans to raise the […]