The “Golden Land”, officially known as the Republic of the Union of Myanmar and formerly as Burma, has undergone dramatic reforms in recent years under the administration of President U Thein Sein. The rapid transition from a military junta to an open economy has surprised the global community and will see Myanmar assume the ASEAN chair for the first time in 2014.
Judging by the size of its mineral deposits, you would expect a bonanza: Myanmar has an abundance of gold, silver, platinum, tin, tungsten, zinc, copper and gemstones. Yet very little of this has been exploited. Insurgent activity and poor transport have made the more ore-rich areas of the country hard to reach, while a host of foreign sanctions...
Whilst investment has increased immensely since the easing of sanctions, the mineral-rich soil of Myanmar’s landscape remains significantly underexplored. Red tape, incomplete surveys, inconsistent record keeping and intermittent ethnic conflicts have restricted the growth of the sector. However, potential remains high in the eyes of most...
What investment opportunities have opened up within the mining sector following recent reforms?
Gems are, as ever, a boon to the Myanma economy. The sector employs thousands and raises millions, for the state as well as for insurgent groups. Sanctions and civil war – let alone nationalisation, military control and international campaigns – have greatly affected the sale of precious stones. Jade, rubies and sapphires have nonetheless...
New projects are welcome given the country’s weak domestic grid and isolation from regional power supplies. With the exception of electricity being sold across the border to China, Myanmar is largely cut-off from its neighbours. While its main grid may lack connections to others, the country is in a very good position to begin linking up with...
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