Chinese firm granted massive mining permit
A Chinese owned, Australian based mining firm has received a copper and gold exploration license in Sagaing Region. PanAust, an Australian-based company owned by Guangdong Rising Assets Management Co. Ltd., received the permit covering an area of 185
Emporium shows jade and gems still hot
The Myanma Gems Enterprise raked in nearly MMK 60 billion, or USD 40.1 million, at its week-long jade and gems emporium in Nay Pyi Taw. The annual week-long event allows jade and gem dealers to examine and bid for nearly 4000 lots. This year, more th
Major coal enterprise draws community pushback
A large-scale Thai coal operation in eastern Shan State has drawn the ire of local communities worried for their land and environment. Residents of Mong Hsat Township issued a joint statement against the project, which is a joint venture between
Government seeks to boost mining with new foreign permits
The Myanmar government will soon issue a wave of mining permits to foreign investors as it seeks to revitalize the industry. Starting in 2020, foreign firms will be allowed to explore and mine large-sized tracts of 500,000 acres, according to the Mya
Watchdog urges more transparency in oil, gas and mining industries
Oil, gas and mining watchdog Extractive Industries Transparency Initiative (EITI) said Myanmar needs more transparency and policy reform. In an October 16 report, EITI praised the government for “meaningful progress” in data reporting and
