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Feb 08, 2016While the government has not allowed for foreign investment into jade and ruby mine, with right investment environment Myanmar has the potential to attract large scale foreign participation in the exploration and extraction of metals, ores and industrial minerals, especially copper, tin, tungsten, nickel and gold.
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In the future, Xinhai will continue to rely on three big supporting "technology, talents, management", adhere to the international development strategy, and concentrate on providing customers with modern, efficient, energy saving mine overall construction and operational solution, to create international leading enterprises in mining industry.
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Myanmar poised to become new mining Mecca for Chinese investors. Chinese companies are seeking the wealth of mining opportunities that neighbouring Myanmar (ex Burma) has to offer, as the country opens its economy to foreign investment after more than half a century of military ruling.
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Chinese Company to Begin Controversial Copper Mining Operation in Myanmar. The large mine project operated by Chinas Wanbao Mining Copper Company and Union of Myanmar Economic Holdings (UMEHL), a Myanmar army owned conglomerate, in the town of Letpadaung in Sagaing region has come under fire by local farmers who have long protested the companys land takeovers in
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The competitiveness of the Myanmar mining sector lags behind other countries due to lack of capital, poor quality equipment, low skills, and weak institutional support. For example, new exploration is disincentivised by the current lack of an accessible mining cadaster. Creation of an electronic mining cadaster is part of Myanmars action plan and
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