Recent legislative amendments should help open Myanmar’s mining sector to foreign investment, with more streamlined entry procedures already in place and plans under way to bring regulations in line with international norms. Recent legislative amendments should help open Myanmar’s mining sector to foreign investment, with more streamlined entry procedures already in place and plans under way to bring regulations in line with international norms.
How, in your opinion, do production agreements in the mining sector in Myanmar differ in comparison to international norms?
Aside from a few major investments, the Myanmar mining sector has lain largely dormant for decades, due to a combination of economic and political factors. To revive interest in the sector, the Ministry of Mines (MoM) has long been pressed by local mining companies and international prospectors to amend outdated mining laws which, in light of...
Often described as wedged between India and China to illustrate its growth potential, Myanmar’s proximity to the two resource-hungry giants has not always been a blessing. For a long time, the state has fostered the interests of smugglers of various resources, creating a black market that grew to some $100bn between 1960 and 2013, according to...
While most industries have benefitted from an influx of foreign investment since the opening of the economy in 2011, the mining sector has yet to catch up. There are a few reasons for this, including legal inconsistencies and ongoing civil unrest in key areas. Through the implementation of mining law reforms passed in late 2015, many...
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