Indonesia SOEs Set to Expand Into Myanmar

Yangon. Indonesian state-owned mining companies Timah and Aneka Tambang and lender Bank Negara Indonesia are finalizing business expansion plans in Myanmar. Ito Sumardi, Indonesia’s ambassador to Myanmar, said on Saturday that BNI would set up a representative office in the country either this month or next, without taking on local partners. Tri Hartono, secretary of […]

Myanmar the new source for tin for China market

An export curb by tin smelters in Indonesia, the world’s biggest supplier, will fail to sustain a price rally as mined output continues rising, according to Australia’s largest miner of the metal. Unregulated mining from small, independent producers in Indonesia and Myanmar will keep pressuring refined metal prices in 2015, Peter Cook, chief executive officer […]