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Invest Myanmar News Directory
Myanmar Mining Companies
(10 Myanmar Mining Companies Stories Found)

MYANMAR TO GET MORE PROFIT FROM CHINESE-BACKED MINE

MYANMAR TO GET MORE PROFIT FROM CHINESE-BACKED MINE
Source: World Bulletin - (19/08/2013)

Topics: Mining and Exploration

World Bulletin / News Desk Myanmar has signed a revised contract that increases its share of the profits from a controversial Chinese-backed copper mine, the country's largest, officials said. The revision is seen as an attempt by the government to appease public anger over the project by giving the country a bigger share of the profits, after protests last year that triggered a violent police crackdown. The new terms give the government 51 percent of the profits from the Letpadaung...


FACING CHALLENGES, BURMA SEEKS EXTRACTIVE SECTOR TRANSPARENCY BY 2016

FACING CHALLENGES, BURMA SEEKS EXTRACTIVE SECTOR TRANSPARENCY BY 2016
Source: Irrawaddy - (15/08/2013)

Topics: Mining and Exploration

Resource-rich Burma has completed two of four steps in its bid to apply for Extractive Industries Transparency Initiative candidature, but the murky legal environment in which civil society groups exist is posing challenges as the government strives to meet the third requirement. The government publicly announced in mid-2012 that the country intended to implement the international governance standard known as EITI, fulfilling the first candidature requirement. That was followed by the...


MYANMAR CALLS FOR SUSTAINABLE DEVELOPMENT IN COPPER MINE PROJECT AREA

MYANMAR CALLS FOR SUSTAINABLE DEVELOPMENT IN COPPER MINE PROJECT AREA
Source: Mizzima - (15/08/2013)

Topics: Mining and Exploration

Myanmar President's Office Minister U Hla Tun has called on local people in a copper mine project area to take collaborative and constructive attitude to ensure sustainable benefit of the work for their own region, official media reported Monday. Addressing representatives from 33 villages in the project area, U Hla Tun, who is Chairman of the Committee for Implementation of the Probe Panel's Report on Latpadaungtaung Copper Mine Project, stressed the need for resumption of the copper mine...


MYANMAR COPPER MINE WILL RECEIVE $997 MILLION FROM CHINESE INVESTOR FOLLOWING LOCAL PROTESTS

MYANMAR COPPER MINE WILL RECEIVE $997 MILLION FROM CHINESE INVESTOR FOLLOWING LOCAL PROTESTS
Source: International Business Times - (15/08/2013)

Topics: Mining and Exploration

Wanbao Mining, a Chinese company engaged in exploration and production of mineral resources, has agreed to up its investment in Myanmar's controversial Latpadaung copper mine project to just under $1 billion, a report said Wednesday. The investment follows a contract renegotiation, which resulted from villagers in farming areas surrounding the mine protesting against the loss of their land. Wanboa's move comes despite the fact that a recent contract renegotiation will trim its stake in the...


LATPADAUNG MINE CONTRACT AMENDED BETWEEN MYANMAR AND CHINA

LATPADAUNG MINE CONTRACT AMENDED BETWEEN MYANMAR AND CHINA
Source: Mizzima - (15/08/2013)

Topics: Mining and Exploration

Myanmar's State Mining Enterprise-1 on Wednesday signed an amendment to the production sharing contract for the Lepadaungtaung copper mine project with Myanmar Economic Holding Ltd (MEHL) and China's Wanbao Mining Ltd in Nay Pyi Taw. Attending the signing ceremony were Myanmar Minister at the President's Office U Hla Tun, Minister of Mines U Myint Aung, MEHL Chairman Lieutenant-General Khin Zaw Oo. and President of Wanbao Mining Ltd Chen Defeng. A press release quoted the terms of...


MYANMAR GEMS EMPORIUM EARNED RECORD $2.4 BILLION, US-MAINTAINED BAN ON IMPORTS OF GEMS MAY NOT BE EFFECTIVE

MYANMAR GEMS EMPORIUM EARNED RECORD $2.4 BILLION, US-MAINTAINED BAN ON IMPORTS OF GEMS MAY NOT BE EFFECTIVE
Source: International Business Times - (14/08/2013)

Topics: Mining and Exploration

As expected, the United States on Wednesday renewed a ban on the import of gems from Myanmar, as the highly profitable industry has long been dominated by the military. Other sanctions against the Southeast Asian nation expired last month, acknowledging Myanmar's progress in shifting toward a more open, democratic government and respecting human rights. President Barack Obama has otherwise normalized trade relations with Myanmar, but issued an executive order to maintain the ban on rubies...


MYANMAR INCREASES STAKE IN CHINA-INVESTED MINE

MYANMAR INCREASES STAKE IN CHINA-INVESTED MINE
Source: South China Morning Post - (28/07/2013)

Topics: Mining and Exploration

Myanmar has signed a revised contract that increases its share of the profits from a controversial Chinese-backed copper mine, the country's largest, officials said. The revision is seen as an attempt by the government to appease public anger over the project by giving the country a bigger share of the profits. The new terms give the government 51 per cent of the profits from the Letpadaung copper mine in Monywa, 760 kilometres north of Yangon, far more than its original 4 per cent...


MYANMAR OPEN TO FOREIGN ENERGY BIDS

MYANMAR OPEN TO FOREIGN ENERGY BIDS
Source: Bangkok Post - (06/03/2013)

Topics: Mining and Exploration

"Arrangements are under way to invite bidding for about two dozen offshore blocks in April. The significance of this round will be that investors won't have to enter mandatory joint ventures with local companies," said the official, who declined to be named as he was not authorised to speak to the media. The ministry invited bidding for 18 onshore blocks in January. "The closing date for that round is on March 16. After that we plan to open another round for about 25 offshore blocks,...


MYANMAR, SHINING NEW HOPE FOR GLOBAL OIL GIANTS

MYANMAR, SHINING NEW HOPE FOR GLOBAL OIL GIANTS
Source: Daily Times - (24/02/2013)

Topics: Mining and Exploration

While other countries may be more reliable and better equipped, Myanmar has emerged as the new promised land for global oil and gas giants unperturbed by a lack of data on its proven energy reserves. Since political reforms helped Myanmar shed its pariah status and prompted international sanctions to be lifted, the world’s major energy firms have been eyeing the potentially oil-and-gas-rich country tucked between China and India. Thai explorer PTTEP, EPI Holdings of Hong Kong, Swiss firm...


MYANMAR GETS RECORD INVESTMENT AFTER YEARS OF ISOLATION: ENERGY

MYANMAR GETS RECORD INVESTMENT AFTER YEARS OF ISOLATION: ENERGY
Source: Bloomberg - (20/11/2012)

Topics: Mining and Exploration

Myanmar, shunned since the 1990s for tolerating corruption and human trafficking, is set for record foreign investment in 2012 led by oil companies after the southeast Asian nation took its first steps toward democracy. The country plans its biggest auction of exploration blocks for oil and gas by year-end. Oil & Natural Gas Corp. (ONGC) of India probably will bid, an ONGC executive said in an interview. This month France’s Total SA (FP), one of the few foreign companies that operated under...


Did You Know?
There are four major rivers in Myanmar: Ayeyarwaddy River, Thanlwin River, Chindwin River, and Sittaung River. ... More

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Myanmar to allow daily private newspapers
Myanmar to allow daily private newspapers

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Myanmar not ready to deal with huge influx of tourists: industry players - Invest Myanmar.biz video
Myanmar not ready to deal with huge influx of tourists: industry players

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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