Shut down of Moehti Moemi gold mine helps no one: company

The government’s suspension of the Moehti Moemi gold mining concession had affected the lives of 5000 company workers, and had cost the government between 26.6 kilograms and 53.2kg of gold in lost monthly revenue, U Soe Tun Shein, chairman of National Prosperity Co Ltd, which operated the concession, said at a press conference last Friday. […]

Big Holes Still Exist in Financial Reports of Extractive Companies

YANGON – Myanmar’s state-owned enterprises (SOEs) involved in the extractive industries still lack transparency and need to reform to meet international standards, according to the Multi Stakeholder Group (MSG) tasked with implementation of the Extractive Industries Transparency Initiative (EITI), on Thursday. Myanmar became a global EITI candidate in July 2014 but it has yet to […]

Government announces new MIC appointments, U Thaung Tun as new chair

The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office of the Union Government, formerly a member of the MIC, will now be the commission’s chair. Meanwhile, Dr Than Myint, Union Minister of Commerce, […]

Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

Ministry of Natural Resources and Environmental Conservation, No.(2) Mining Enterprise, Invitation for Opening Tender, Closing Date: 12 July 2018.

1. No. (2) Mining Enterprise, Ministry of Natural Resources and Environmental Conservation invites to submit the tender quotation for the following materials. Sr. No. Materials Classifies Weight (MT) Location Tender Closing Date / Time Delivery Term 1 Wolfram Concentrate 2.762 Dawei, Tanintharyi Region 12.7.2018/ 2 : 00 PM   F.O.B (Dawei) 2 Tin & Wolfram […]

Myanmar’s eco-resorts open up Asia’s new tourism frontier

KAWTHAUNG, Myanmar — A few hours boat ride from the port of Kawthaung, a school of dolphins nudged up to our 30-meter wooden junk. As the captain cut the engine, their silver backs heaved in and out of view; all else was still. Behind us, the Tanintharyi coastline — Myanmar’s skinny southern tail, fringing the […]

S. Korea, Myanmar to discuss biodiversity cooperation

SEOUL– South Korea and Myanmar will hold talks this week to discuss cooperation on studying and preserving biological diversity in the Southeast Asian country, the environment ministry said Monday. Vice Environment Minister Ahn Byung-ok and U Khin Maung Yi, Myanmar’s permanent secretary of the Ministry of Natural Resources and Environmental Conservation, will lead the meeting […]

Ministry of Natural Resources and Environmental Conservation, Central Committee for Holding Myanma Gems Emporium , The Information on Fifty-Fifth Myanma Gems Emporium 2018.

1. The significant Fifty-Fifth Myanma Gems Emporium will be held on June 20 to 29 , 2018 at Maniradana Jade Hall in Nay Pyi Taw . 2. Rough jade, rough gems, cut and polished gemstones, jewelries, jade carvings , gold and silver wares and gemstone pictures will be sold in Euro currency at the Emporium. […]

Myanmar strikes again at Bawdwin base metals play

ASX-listed Myanmar Metals has announced further spectacular silver and base metal drilling results for its world-class Bawdwin polymetallic deposit in central Myanmar. Results include 23 metres grading 17.3% lead, 9.5% zinc, 1.2% copper and 398g/t silver from 170m down-hole and 31m @ 7.5% lead, 1.9% zinc and 88g/t silver from 62m down-hole. The intercepts are […]

National Prosperity Company to be sued over gold debt

The National Prosperity Company (NPC), which has been mining gold at Moehti Moemi mine in Yamethin township, Mandalay, will face civil charges over its remaining gold debt to the state amid the termination of its contract, said U Khin Maung Win, deputy general manager of the mining enterprise No. 2 and branch head of the […]