Mining
From The Report: Myanmar 2020
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Endowed with rich deposits of jade, ruby, copper, lead, zinc, tin, tungsten, silver, gold, antimony, nickel and barite, as well as a long history of mining that dates back to the 15th century, Myanmar’s mining sector has significant potential. While these rich and varied reserves indicate a bright future for the industry, there are numerous regulatory, infrastructural and societal challenges that need to be addressed before the mining sector can reach its full potential. The long-term outlook for the industry remains generally optimistic: at least seven international mining companies are looking to exploration activities and, given its potential, Myanmar is likely to continue to attract investment. This chapter contains an interview with U Ding Ying, Chairman, DELCO.

Articles from this Chapter

Overview

Opportunities await: Reforms and the issuance of new exploration licences are set to revive sector activity and attract foreign investment
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Endowed with rich deposits of jade, ruby, copper, lead, zinc, tin, tungsten, silver, gold, antimony, nickel and barite, as well as a long history of mining that dates back to the 15th century, Myanmar’s mining sector has significant potential. Official statistics indicate that there are 291 known lead-zinc deposits, with a combined potential of 44m tonnes. More than 480 known deposits of tin-tungsten are found along the 1200-km granite belt that passes through Tanintharyi Region and the…

Analysis

Ongoing process: New legislation aims to better regulate the gemstone industry
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Gemstone mining in Myanmar is separate from mineral mining, both institutionally and legislatively. There is no connection between the gemstone permit system and the general mining permit system. Unlike anywhere else in the world, the two are independent processes. There is also an official distinction between jade and gems, wherein “gems” refers to all gemstones other than jade. Legal Reform Since 1995 Myanmar has had a separate gemstone law in place, supported by a set of rules and…

Interview

Mutual gains: U Ding Ying, Chairman, DELCO, on improvements in licence approval processes and benefits to local communities
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Interview:U Ding Ying In what ways are Myanmar’s new mining rules impacting international investment? U DING YING: The new mining laws implemented in 2018 were designed with international firms in mind and have made it more straightforward to operate. The Ministry of Natural Resources and Environmental Conservation received over 1000 applications for new licences in the first six months after lifting the moratorium, signalling a degree of trust and suggesting that international firms believe…