Sagaing minister slams mining law

The Sagaing Region minister for agriculture and livestock criticised the Mining Law for being weak. Kamzar Mone said the gold miners that operated recklessly continued their work after paying fines, and he claimed the law had flaws and needed reforms. “The fines for a gold miner for violating the law range from Ks500,000 (US$370) to […]

Filipino mining giant eyes Myanmar deposits

The Philippines’ largest gold miner said Wednesday it is keen to invest in Burma as the former military-ruled state makes tentative political reforms and tries to lure investors with tax breaks. Philex Mining Corp. has sent representatives to Burma in recent weeks to look at opportunities and assess the investment climate, company senior vice-president Michael […]