Mining

The immense wealth that lies beneath Myanmar’s soil continues to entice prospectors from around the globe, and recent structural reforms are expected to bolster the sector and attract much needed capital. The nation’s first democratic government has shown determination to remedy past wrongs and clean up a sector that has immense potential to fuel growth. However, the new administration has inherited a wealth of intricate challenges that will require a vast amount of resources to resolve. Given the country’s geology and the passing of long-awaited legal amendments, most of which are geared towards promoting foreign participation, mineral exploration is expected to accelerate.

This chapter contains interviews with U Ohn Winn, Minister of Natural Resources and Environmental Conservation; and U Nay Win Tun, Chairman, Ruby Dragon Group of Companies.