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Protests and demonstrations a key concern for extractive companies

Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for Responsible Business (MCRB) organised workshops aiming to raise awareness of the relevance of Voluntary Principles on Security and Human Rights (VPSHR) for Myanmar’s […]

Water purification plant to be built near Letpadaungtaung copper project

MONYWA- Thailand and Myanmar will invest US$5 million to build a water purification plant near Letpadaungtaung copper mining project in Monywa, Sagaing Region, according to the Directorate of Investment and Companies Administration (DICA) in Sagaing Region. “The investment volume is $5 million. Myanmar is going to build a plant together with a Thai Company. Currently, […]

Myanmar govt suspends 68 projects, waiting for new administration

YANGON – The Thein Sein government has suspended 68 projects, including coal-fired power plants, mining and private sector deals, to allow the next government to manage the assets when it takes office, according to state-owned newspapers. The report was published shortly after MPs discussed an urgent proposal last week calling the government to scrutinise the […]

No more projects like Letpadaungtaung if Myanmar becomes EITI member

If Myanmar becomes a full member of the Extractive Industries Transparency Initiative (EITI), there will be no more projects like Letpadaungtaung copper mine, which caused problems with local people, Dr Zaw Oo, a business advisor to the president, said. “Our country depended heavily on natural resources before. Human resources weren’t that important. It’s like precious […]