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Kachin Gov’t Set to Reject Mongolian Mining Proposal

YANGON—The Kachin State government has decided to shelve a Mongolian company’s proposal to conduct a feasibility study on the extraction of gold and other minerals in Myanmar’s largest national conservation area, a sanctuary nearly triple the size of Singapore in Kachin’s northernmost township, due to serious environmental concerns. The project was proposed by Inner Mongolia […]

Trade deficit continues to narrow as exports accelerate

The trade deficit for the first four months of the 2018-19 fiscal year, which starts in October and ends in September, has declined with imports increasing at a slower pace compared to the same period of last fiscal year. According to data provided by the Ministry of Commerce, trade volume for the period up to […]

Illegal trade more rampant than before, govt measures not effective

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

China, Myanmar discuss establishment of border economic cooperation zone

The establishment of China-Myanmar border economic cooperation zone is being discussed between the two governments. The government of Yunnan Province has invested US$10 billion in Myanmar, while Myanmar entrepreneurs have also invested $100 million in the province, according to a press release. The press release came after a regular meeting between the Republic of the […]

Trade deficit hit US$1.4 billion in past three months

Myanmar’s trade deficit reached US$1.4 billion in the past three months, according to the Commerce Ministry. External trade from 1 April to 30 June this was an estimated $7.7 billion. Exports were worth $3.2 billion and imports were $4.6 billion. Myanmar’s export market includes extractives including minerals, natural gas, agriculture and fisheries products. Agribusiness plays […]

How does mining benefit Myanmar?

Author: Jan Dharmabandu is a mining engineer and a Chartered Environmentalist attached to Perth based Ensys Consultants. This article originally appeared in the Global New Light of Myanmar on 30th May 2017 as “What is & Why Mining: a Perspective from Myanmar”.   Each year about 5 billion tonnes of minerals are mined from the […]

Top End Minerals closing in on zinc acquisition

Top End Minerals (ASX:TND) has successfully completed its technical due diligence on the Lashio zinc refinery in Myanmar. In late November 2016, Top End acquired the option to purchase a 60% interest in the Longh Keng zinc mine and Lashio zinc refinery in Myanmar for US$43 million. Corporate due diligence and financial due diligence is […]

Export sector in this FY earns US$ 203.954million higher than that of last FY

Export value as of 2nd December in this fiscal year 2016- 2017 was US$203.954million higher than that in the similar period of last fiscal year, despite the decrease in income from manufacturing goods, minerals and livestock, according to the statistics of the Commerce Ministry. The value of exports as of 2nd December was US$7,364.164million, which […]

External trade value reaches US$17billion, over US$2700million in trade deficit

External trade value as of 2nd December in this fiscal year 2016- 2017 totaled US$17,521.102million, with US$2,792.774million in trade deficit, according to the Commerce Ministry. In the similar period of last fiscal year, the external trade value was US$18,209.307million with a trade deficit of US$3,888.887million. The trade value this year slumped by US$688.250million when compared […]

‘Suu Kyi will play a critical role in Myanmar’

The historic election in Myanmar on November 8 is the first step to a peaceful transition of power after decades of military rule. The people of Myanmar have given an absolute majority to the Aung San Suu Kyi-led National League for Democracy (NLD). In step, the military, which continues to exercise power over the defeated […]