Tanintharyi tightens mining oversight

The local government in Myanmar’s southernmost region has said it will not issue any new mining licences until environmental concerns and controversies have been resolved at operational mines in the resource-rich area. A number of mining projects in Tanintharyi Region have long been opposed by local residents who have accused their operators of polluting water […]

Mining in Myanmar

Some are calling it “the world’s best up-and-coming mining spot.” And that’s worth noting because this tiny country has already proven itself as a host to massive, world-class mineral deposits — including the largest copper deposit in Southeast Asia. The country I’m talking about is Myanmar. Mining in Myanmar After 50 years of socialist and […]

Myanmar gold exchange to open in 2016

Myanmar’s first official market for gold and metal trading will open in Yangon early this year, U Khin Maung Han, vice chair of the Myanmar Federation of Mining Association, told The Myanmar Times. “Myanmar needs an official market for gold and metal,” he said. “Metal products must have fair prices and global-standard qualities. Otherwise, underground […]

Mining law remains frozen

A mining law that would simplify rules and ease restrictions for foreign investors in the mining sector remains frozen in Myanmar’s legislature. The law was tabled two years ago, however, lawmakers have struggled to find an agreement on the law as resource sharing in the country continues to be a contentious issue. The current mining […]

Mining ministry takes five firms to court over annual fees

Five small gold producers will be taken to court for not providing agreed-on amounts of gold to the government, according to U Aye Kyaw, a director at the Ministry of Mines. “We have tried to connect with them by notice and visits to get the companies to pay the gold that they owe before the […]

Negotiating the new road to Mandalay

In the next few weeks Myanmar is expected to ask an Australian team to review its newly legislated mining law. It will involve an unusual level of ­foreign consultation on an important economic reform. The plan to draw on Australian expertise to help draft the regulatory framework for one of the resource-rich country’s main industries […]

Sweeping changes to Myanmar mining laws planned

Myanmar’s 1994 mining law is set for a major overhaul that could transform as much as 70% of current legislation, government officials from the Asian nation said on Sunday. Mostly undeveloped, Myanmar also known as Burma is home to vast reserves of oil and gas and minerals and metals, including gold, tungsten, copper, nickel, tin, […]

Small-Scale Gold Miners Publicly Called Out for Govt Debt

Yangon — A public notice accusing dozens of mining companies of failing to pay a required portion of the gold they produce to government coffers has shed light on what critics say is a burdensome requirement that is taxing Burma’s gold miners out of business. The Ministry of Mines published the notice in state-run newspapers […]