Myanmar’s Mining Law is a simple mining law and may need certain amendments and refinements. But the current issues facing the mining industry are more of a policy nature than regulatory. Issues regarding ownership ratio in equity joint ventures, share of production in production sharing contracts, cost recovery matters, land ownership, dispute settlement rules, are all being reviewed to attract more foreign and local investment in the mining sector in Myanmar.
Myanmar opposition leader Aung San Suu Kyi uses binoculars to look at the Letpadaung copper mine project during a visit to Myanmar Yang Tse Copper Limited in Monywa.
Did You Know?
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower.