Mining
From The Report: Myanmar 2018
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Stretching from the Himalayas in the north to the Andaman Sea in the south, Myanmar’s diverse terrain offers a wealth of untapped mineral resources. Following the easing of international sanctions and major legal reforms, the authorities now have the opportunity to rehabilitate some of the mines that were neglected during the socialist period. Despite the risks, grey areas and bottlenecks, Myanmar’s mining sector holds significant investment potential. Given growing global demand for base metals, Myanmar has the chance to build on recent momentum in tin, tungsten and associated metal exploration. An uptick in surveying for these minerals could help to instigate broader economic growth and social development, provided the projects adopt best international practices and avoid the environmental mistakes of previous mining operations. This chapter contains an interview with U La Min Win, Managing Director, Valentis Services.

Articles from this Chapter

Overview

Seeking assurance: Efforts to attract further investment centre on enhancing resource sharing and reconciliation
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Stretching from the Himalayas in the north to the Andaman Sea in the south, Myanmar’s diverse terrain offers a wealth of untapped mineral resources. Following the easing of international sanctions and major legal reforms, the authorities now have the opportunity to rehabilitate some of the mines that were neglected during the socialist period. Rocky Terrain Given the diverse range of mineral assets across the country, the mining industry has the potential to fuel economic expansion. However,…

Interview

Expanding exploration: U La Min Win, Managing Director, Valentis Services, on environmental sustainability and international investment
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Interview:U La Min Win What steps should be taken to address the information gap on Myanmar’s geological potential? U LA MIN WIN: Although there are a handful of world-class deposits, most of the country is underexplored. To bridge this gap, more regional-scale exploration activities could be funded privately or by the government, to provide information to investors. In addition, the Ministry of Natural Resources and Environmental Conservation (MNREC) is currently developing a cadastre…

Analysis

Value chain development: A variety of reforms aim to improve oversight and performance of the precious stones industry
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Despite being endowed with vast deposits of jade and gemstones, a fragmented value chain, persistent smuggling and weak oversight have long hindered revenue collection for the state in Myanmar. To remedy this, the country’s first democratic government is determined to formalise trade and remove conflicts of interest across a sector that has immense potential to fuel economic growth. In an effort to wrestle the supply of precious stones, particularly jade, from the hands of smugglers while improving…