Myanmar Federation of Mining Association

Mining applications flow in, but few are complete

December 14, 2018 by Thiha

Over 1000 applications have been received for mining blocks since July, according to U Min Min Oo, permanent secretary at the Ministry of Natural Resources and Environmental Conservation (MONREC) at the 4th annual general meeting of Myanmar Federation of Mining Association held last week. However, only 193 of all the applications received are complete, he […]

Filed Under: Latest News Tagged With: commercial viability, domestic, environmental, foreign, Foreign Companies, gold, Gold Mining, invest, investments, mining blocks, Mining Companies, Mining Rules, Ministry of Natural Resources and Environmental Conservation, MONREC, Myanmar Federation of Mining Association, new mining law, precious metals, sustainability

Myanmar’s First Gold Exchange Center Takes Shape in Yangon

September 6, 2017 by thiha

YANGON — Myanmar will have its first official market for gold, gems and metal trading in its commercial capital Yangon this year, said U Khin Maung Han, chairman of the Myanmar Federation of Mining Association. The trade center will be built in Yangon’s Mingalardon Township near Yangon International Airport, U Khin Maung Han said. The […]

Filed Under: Latest News Tagged With: Central Bank of Myanmar, chairman of the Myanmar Federation of Mining Association, Mayangon township, Ministry of Commerce, Ministry of Planning and Finance, Myanmar, Myanmar Federation of Mining Association, Myanmar Gold Entrepreneurs, Singapore’s Gold Market Association, U Khin Maung Han, Union Minister for Planning and Finance U Kyaw Win, Vice President Henry Van Thio, Yangon, Yangon International Airport, Yangon’s Mingalardon Township

Gold industry hopes to see central market in 2017

January 12, 2017 by thiha

Gold industry figures are hoping this will be the year when plans for a central gold market finally come to fruition, although fundamental decisions about the project have yet to be made. U Kyaw Win, general secretary of Myanmar Gold Entrepreneurs Association, said he hopes to see a Yangon-based central gold market established in 2017. […]

Filed Under: Latest News Tagged With: central bank, Gold Industry, Mayor U Maung Maung Soe, Ministry of Commerce, Ministry of Natural Resources and Environmental Conservation, Myanmar, Myanmar Federation of Mining Association, Myanmar Gold Development Public Company Limited, Myanmar Gold Entrepreneurs Association, Myanmar Times, U Khin Maung Han, U Khin Maung Lwin, U Kyaw Win, U Win Htein, Yangon Region Chief Minister U Phyo Min Thein, YCDC

Mining in Myanmar

January 18, 2016 by Thiha

Some are calling it “the world’s best up-and-coming mining spot.” And that’s worth noting because this tiny country has already proven itself as a host to massive, world-class mineral deposits — including the largest copper deposit in Southeast Asia. The country I’m talking about is Myanmar. Mining in Myanmar After 50 years of socialist and […]

Filed Under: Latest News Tagged With: Economic Enterprises Law, foreign investment, military governments, military junta, Mining Law, mining licenses, mining spot, Ministry of Mines, Myanmar Federation of Mining Association, socialist

Industry lobbies for gold and diamond trade to be legalised

January 14, 2016 by Thiha

Industry bodies have asked the government to strike gold and diamonds from its list of restricted goods, saying it would boost government earnings and help to combat smuggling. The Myanmar Gold Entrepreneurs Association has filed a proposal with the Ministry of Commerce to lift restrictions. At present, gold and diamonds can only be traded overseas […]

Filed Under: Latest News Tagged With: foreign currency, global market, Industry bodies, industry sources, local traders, Ministry of Commerce, Myanmar Federation of Mining Association, Myanmar Gold Development Public Company, Myanmar Gold Entrepreneurs Association, U Myo Myint

Myanmar gold exchange to open in 2016

January 12, 2016 by Thiha

Myanmar’s first official market for gold and metal trading will open in Yangon early this year, U Khin Maung Han, vice chair of the Myanmar Federation of Mining Association, told The Myanmar Times. “Myanmar needs an official market for gold and metal,” he said. “Metal products must have fair prices and global-standard qualities. Otherwise, underground […]

Filed Under: Latest News Tagged With: banking system, central bank, Exchange Rate, local trading licenses, Metal products, Mining Law, Ministry of Commerce, Ministry of Home Affairs, Ministry of Mines, Myanmar Federation of Mining Association, Myanmar Gold Entrepreneurs Association, traditional markets, U Khin Maung Han

Myanmar uses int’l gold standard for first time

February 14, 2014 by thiha

Myanmar is inviting world investors to join its gold rush. The southeast Asian country announced Wednesday that for the first time it will use international measurement standards to issue gold bars. Myanmar officials say the change will further open their country’s gold market to the outside world. Myanmar will start selling gold with 99.99 percent […]