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Myanmar government announces formation of EITI Leading Authority for effective extractive industries management
Posted on : 07 Jan, 2013
In view of blooming investments and mining activities, the Myanmar government has formed the Extractive Industry Transparency Initiative Leading Authority as part of its economic and social reforms framework to ensure a healthy management of the extractive industries.
The EITI Leading Authority will help to cultivate a good investment environment as well as maintain transparent and effective communication between investors and the locals in the promotion of sustainable country and economic development.
On top of that, the Centre for Economic and Social Development of the Myanmar Development Resource Institute will serve as a coordinator of the Authority.
Aptly, Dr. Myint Aung, Union Minister of Mines as well as Member of the EITI Leading Authority, is to officially open and give key directive message at the 2nd Myanmar Mining Summit held in Yangon from 21-24 January. More than 100 delegates have registered to attend this annual event to network with both officials and industry authorities plus obtain latest industry updates.
For more information on the summit and the accompanying pre- and post-summit workshops, please contact Ms. Huiyan at firstname.lastname@example.org or Tel. 65 6346 9113.
PT Timah’s Myanmar mining project confirmed
Posted on : 22 Nov, 2012
PT Timah’s future includes a big USD 18 million investment in mining project in Myanmar as well as a milestone of becoming the world’s largest tin producer once the project begins.
Securing the mining permit from Myanmar’s Energy Ministry earlier this month, Indonesian state-owned enterprise PT Timah has since sent directive messages of the exploration process to begin next year. The site is expected to produce 10,000 tons of tins annually, positively propelling the company to the top of the industry’s to-watch list in the next few years.
While investment plans of many competitors are still unknown, PT Timah’s dominance in the industry is clear. Being one of the pioneers to set foot into Myanmar’s mining scene, PT Timah is set to gain upper hand with its first-mover advantage.
More information on the mining industry in Myanmar, proposed amendments on the Mining Law Reform & Fiscal Regime and networking/partnership opportunities are available at the 2nd Myanmar Mining Summit.
For queries, please contact Ms. Huiyan at email@example.com or Tel. 65 6346 9113.
Read more: Timah secures mining permit in Myanmar
Sneak peek into Myanmar and the mining sector
Posted on : 31 Oct, 2012
As the government is veering the country towards greater democracy and economy liberalization, more investment opportunities are sprouting in Myanmar, increasingly drawing investors’ attention with opportunists already in the scene.
News about the highly-anticipated update on the foreign investment law as well as mining law are set to attract even more investors over the next few years. Investors will see changes to the landscape of foreign direct investments and joint ventures, marking Myanmar as the new investment frontier to break into before it is too late.
A promising land of minerals plus vast oil and gas fields, Myanmar’s prominence as an investment ground with great returns is clear. Mining investments have already been seen pouring into the country, with China at the forefront and Canadian-based company, Centurion Minerals Ltd., being the latest player to enter the Myanmar mining scene focusing on gold mining and exploration projects.
Owing to unabated interest in the pursuit for latest or first-hand information on the amended laws and jurisdictions surrounding investments and Myanmar’s mining sector , CMT will host the 2nd Myanmar Mining Summit this coming January. Officially supported and hosted by the Ministry of Mines, the 4 days summit expects to welcome more than 400 attendees to join its main conference, 1-to-1 business meeting with Ministry of Mines officials, pre & post conference workshops as well as the accompanying exhibition.
Even as details of conference agenda, workshop leaders and participating exhibitors are in the midst of being finalized, pre-registration is already open. To reserve delegate, speaker or exhibitor spots at this summit, register here. For further queries, please contact firstname.lastname@example.org.