Myanmar Metals eyes $30m raising

The Mark Creasy-backed Myanmar Metals is raising $30 million for its flagship Bawdwin project in the South East Asian country. The polymetallic explorer is raising $20.8 million in a discounted placement priced at 6.5¢, along with $9.2 million in a one-for-nine rights issue. The cash will be used for a definitive feasibility study, further drilling, […]

Early cash flows for Myanmar at Bawdwin base metal play

ASX listed base metals developer Myanmar Metals has completed an interim scoping study for a 13-year “starter” open pit mining operation on the China Lode at its Bawdwin base metals project in central Myanmar. The study effectively captures a large proportion of the company’s existing indicated mineral resources at Bawdwin and using a cut-off grade […]

1m acres of mineral depositories suspended

In Myanmar, mineral depositories have been allocated to be used as resource reserves, with a total area of 1,187,492 acres, according to U Khin Maung Yi, permanent secretary of the Ministry of Natural Resources and Environment Conservation, who told reporters during a press conference in Nay Pyi Taw on April 24. According to the permanent […]

Chinese Jade Miners in Overdrive Ahead of New Myanmar Government

Using heavy earth-excavators and explosives, miners have been tearing into Myanmar’s northern hills in recent months, in a rush to excavate more jade from the world’s richest deposits of the gemstone before a new government takes office next year. Acres of forest have been felled, leaving behind craters, barren cliffs and a web of dirt […]