Myanmar will approve the applications of up to 158 new medium and large-scale exploration and extraction mining permits, said U Thein Soe, Deputy Permanent Secretary of the Ministry of Natural Resources and Environmental Conservation (MONREC). The ministry has received more than 3000 applications to conduct activities at the new mining blocks since July 2018 and […]
Companies still owe gold to Myanmar govt for mining concessions: official
February 27, 2020 by
Small-scale gold miners owe the government some 13,300 ticals in ore, a senior government official revealed to the Pyidaungsu Hluttaw (Assembly of the Union) last Friday. Deputy Minister for Natural Resources and Environmental Conservation U Ye Myint Swe said the arrears in payments for concessions granted to small-scale miners are from 2007 to the present. […]
How to effectively address illegal gold mining – study
February 18, 2020 by
A study by researchers at the National University of Singapore found that increased enforcement and the offer of an alternative agriculture-based livelihood are unlikely to deter illegal gold miners in Myanmar. “It is simply too profitable,” they wrote in a paper published in the journal Conservation Science and Practice. Even though Myanmar is known as […]
Myanmar to Host Forum to Lure Foreign Investment in Deep South
August 21, 2019 by
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 […]
Phakant jade mining temporarily put on hold
July 15, 2019 by
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
June 17, 2019 by
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 […]
New museum in Yangon set to entrance fans of amber
April 22, 2019 by
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
March 25, 2019 by
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 […]
