Mandalay region goldfields tainted by whiff of corruption

Illegal mining is flourishing at the troubled Moehti Moemi goldfields in Mandalay Region and some say weak law enforcement and corruption are to blame. IT IS MORE than 18 months since the Ministry of Natural Resources and Environmental Conservation ordered mining companies at the Moehti Moemi goldfields to suspend operations over outstanding bullion payments to […]

Mogok residents to receive ruby mining licences

Long-term residents of Myanmar’s ruby mining centre will be offered licences to mine for the precious stones, according to the Mandalay Region minister for forestry and mining, U Than Soe Myint. In order to help increase job opportunities and reduce poverty in the area, households that have been in Mogok for more than 20 years […]

Gov’t to Issue Permits to Small Timers to Control Illegal Mining

The government is considering granting permits to small time miners through township administration levels to curb illegal mining activities, according to the Ministry of Mines. The ministry intends to include the provision in a planned amendment current mining law, U Kyaw Thet, a director at the ministry, said, adding that necessary assessments will be conducted […]

Property prices skyrocket due to speculation and laundering

The most widely heard analysis is that Myanmar’s real estate and property market has been gradually rising based on two genuine factors. One is the growing demand for housing due to ever increasing population in urban areas and the other is the government’s urban expansion and development of low-cost housing projects. This generally ignores another […]