The Ministry of Mines has set its affairs in order and is ready to serve under the incoming government, director general U Win Htein told The Myanmar Times. All government departments are now preparing to receive the new ministers of the National League for Democracy government that will take over on March 31. At the […]
Foreign firms’ future in Myanmar mining hangs on details
February 19, 2016 by
A new amendment has the potential to fundamentally alter the economics of mining in Myanmar and draw a new round of foreign companies to the country. But with commodity prices dropping firms are searching for the most favourable fiscal regimes, and the outlook for Myanmar rests heavily on regulations now being drawn up. A long-awaited […]
Australia-based mining company granted three blocks
February 15, 2016 by
Australian PanAust Group has been granted exploration licences for three mining blocks in Myanmar, becoming the first foreign firm to receive the green light after a new mining law was passed last December. A subsidiary of Chinese state-owned Guangdong Rising Assets Management, PanAust will have the right to explore and produce mineral resources in Hel […]
