fbpx

Parliament passes gemstone bill amid criticism

Myanmar’s parliament has passed a controversial bill governing the gemstone sector, paving the way to restart the licensing of mining companies after a two-year moratorium. Upon taking office in 2016, the National League for Democracy-led administration suspended issuing new or extension of existing gemstone licences pending a governance review intended to clean up the sector. […]

Government approves seizure of over 950,000 acres of unused land

The government has approved the seizure of more than 950,000 acres of unused vacant, fallow and virgin land that had been leased to private entities for agriculture, breeding and mining, a senior agriculture official said on Wednesday. U Myo Tint Tun, deputy permanent secretary of the Ministry of Agriculture, Livestock and Irrigation, said when these […]

Govt now processing 40 mining proposals

The Ministry of Natural Resources and Environmental Conservation (MONREC) has processed a total of 40 proposals for mineral exploration at large and medium sized mining blocks in Myanmar, its permanent secretary U Min Min Oo said. Feedback on whether any exploration activities will have an environmental or social impact is being sought from the state […]

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 […]

Growth in mining industry expected as investments rise

Myanmar’s mining industry is expected to expand in next year on the back of higher foreign and domestic investments. And as more permits for small-scale mining in the regions and states will be approved, mineral exports will also improve during the year, U Than Soe, deputy permanent secretary of the Ministry of Natural Resources and […]

Mining in the Mekong: Myanmar to outperform, Thailand to underperform – report

There is big opportunity, and and also big risk in the Mekong mining sector, according to recently published report. Fitch Solutions Macro Research’s industry analysis maintains the Mekong region will remain underdeveloped and dominated by domestic players in the coming years as foreign investment flows into the sector will be minimal amid a myriad of […]

Myanmar unveils Bawdwin ‘starter pit’ scoping study

A SX-listed junior Myanmar Metals has unveiled the results of a scoping study for the Bawdwin polymetallic mine, in Myanmar, demonstrating the viability of developing a 13-year “starter pit” that will fund the life-of-mine infrastructure. Based on the indicated and inferred resources from the China lode of Bawdwin, the CSA Global-prepared scoping study demonstrates the […]

Systematic exploration underway at Bawdwin for Myanmar

ASX listed base metals developer Myanmar Metals is shifting gear in Myanmar as the company kicks off a major regional exploration program ahead of its highly anticipated drilling campaign due to commence later this year. The ASX listed multi-mineral developer is undertaking a comprehensive site-wide exploration program across its highly prospective Bawdwin lead/zinc/copper and silver […]

Myanmar gold exports could rise to 20 T in 2019 -industry official

KOCHI, India, Aug 4 (Reuters) – Myanmar could export as much as 20 tonnes of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday. A pick-up in legal exports will reduce the smuggling […]

Myanmar businesses join hands for FDI

THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]