Mining
From The Report: Myanmar 2019
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Myanmar is well known for the untapped potential of its extensive mineral portfolio. Home to the world’s largest deposits of jade and some of the most sought-after rubies, it also has substantial deposits of lucrative metals as well as industrial minerals. Despite significant deposits, foreign investment across Myanmar’s mining sector has lagged behind other key industries due to misadministration, legal uncertainty and ongoing conflict. As such, the diverse landscape of Myanmar remains largely underexplored. However, with previous legal uncertainties addressed in recently amended mining laws and rules, a multitude of prospectors are waiting in the wings, ready to extract valuable resources.

This chapter contains an interview with Fred Hess, Managing Director, PanAust.

Articles from this Chapter

Overview

A changing picture: New wave of growth on the horizon as regulatory and infrastructure upgrades boost prospects
OBG
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Myanmar is well known for the untapped potential of its extensive mineral portfolio. Home to the world’s largest deposits of jade and some of the most sought-after rubies, it also has substantial deposits of lucrative metals as well as industrial minerals. Despite significant deposits, foreign investment across Myanmar’s mining sector has lagged behind other key industries due to misadministration, legal uncertainty and ongoing conflict. As such, the diverse landscape of Myanmar remains…

Analysis

Clear cut: Recently enacted Mining Rules have reinforced the industry and revived investor appeal
OBG
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With the adoption of well-structured and pertinent legislation, Myanmar’s mining sector is taking the necessary steps to encourage much-needed foreign investment. Following the passing of amended mining legislation in 2015 and the publication of new Mining Rules in February 2018, policymakers have strengthened the sector’s legal structure, addressed investor concerns and eliminated inconsistencies surrounding environmental conservation. New Chapter The initial target was to pass the…

Interview

Breaking through: Fred Hess, Managing Director, PanAust, on the openings afforded by long-awaited regulatory reform
OBG
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Interview:Fred Hess How have changes to the legal framework affected levels of foreign direct investment (FDI)? FRED HESS: While it is difficult to draw any linkages between the recent changes to legislation and FDI in general, recent changes to the legal framework are encouraging as are the efforts of the Ministry of Natural Resources and Environmental Conservation (MNREC) to effectively implement new mining rules. There is a long way to go, but steps taken so far have been positive. While…