Company urges Mandalay to lift suspension of mining operation

A senior official of the gold mining firm National Prosperity Company (NPC) has appealed to the Mandalay government to lift the ban on the firm’s mining operation in Yamethin district. U Tun Aung Soe, managing director of NPC, said that their company asked the regional government to allow them to resume mining operations in their […]

National Prosperity Company under scrutiny on gold debt to gov’t

Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]