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Myanmar to Host Forum to Lure Foreign Investment in Deep South

The Tanintharyi regional government is preparing to hold an investment forum to attract foreign investment to Myanmar’s southernmost region, which is rich in natural resources, particularly pearls and minerals, and home to many tourist destinations on the Andaman Sea coast and islands. The Tanintharyi Investment Forum is set to be held from Oct. 26-27 in […]

MNN Awards: Lamb shepherds reactivation of historical Bawdwin mine

MYANMAR Metals CEO and chairman John Lamb is standing on the shoulders of giants as he seeks to revive what was once the British Empire’s richest mine. The Bawdwin mine in Myanmar’s mountainous northern Shan state was the world’s largest source of lead before WWII, and was established by former US president and mining engineer […]

Phakant jade mining temporarily put on hold

A temporary halt in jade mining, extracting and production in Phakant —a lucrative mining area in Kachin State— thanks to inadequate regulation and weather conditions. The Myanmar Gems Enterprise issued a directive banning jade mining and extraction in response to recent disasters. The statement points out recent collapses and landslides resulting in deaths and damages […]

Better implementation of the law needed to draw foreign investors

Lack of coordination between the Union and regional governments on development policies, red tape and weak implementation of new laws has hampered the flow of foreign direct investments (FDI) into Myanmar, said U Aung Naing Oo, permanent secretary of the Ministry of Investment and Foreign Economic Relations. U Aung Naing Oo pointed out that having […]

Invitation for Open Tender, No.(1) Mining Enterprise, Deadline: 2nd July, 2019

INVITATION FOR OPEN TENDER No.1/2019 (1) Ministry of Natural Resources and Environmental Conservation, No.(1) Mining Enterprise Invites to submit the tender quotation sale open tender in the United State Dollars. (a) Cathode Copper (5000) M/T (15) Lot   Group (1) (1) Lot 100 Tonnes each, 5 Lot Monywa, Mine Site   Group (2) (1) Lot […]

New museum in Yangon set to entrance fans of amber

Members of the public now have a new museum to enjoy in downtown Yangon. The recently opened Myanmar Amber Museum plays host to and showcases various specimens of amber found in Myanmar. The museum’s rather distinctive logo is based upon the flower Tropidogyne Pentaptera, a prehistoric angiosperm. The flowers were just beginning to evolve 99 […]

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 […]

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 […]