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Early cash flows for Myanmar at Bawdwin base metal play

ASX listed base metals developer Myanmar Metals has completed an interim scoping study for a 13-year “starter” open pit mining operation on the China Lode at its Bawdwin base metals project in central Myanmar. The study effectively captures a large proportion of the company’s existing indicated mineral resources at Bawdwin and using a cut-off grade […]

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

Daibochi Plastic secures regulatory approval for Myanmar JV

Daibochi Plastic and Packaging Industry Berhad has secured regulatory approval from the Myanmar Investment Commission (MIC) for its joint venture (JV) company, Daibochi Packaging (Myanmar) Company Limited (DPM), to commence operations. The company said in a press statement today that DPM is a JV between its wholly-owned subsidiary, Daibochi Flexibles Sdn Bhd and Myanmar Smart […]

Tower firms race for mobile coverage

A massive rollout of telecoms infrastructure has begun ahead of the anticipated launch of mobile phone service by Ooredoo and Telenor later this year. Both foreign mobile operators agreed to coverage targets and timetables as part of the licensing process, and both have turned to independent companies to construct the towers that will hold their […]