Large-scale mineral extraction allows full foreign investment

Large-scale mineral extraction allows full foreign investment
Published 15 November 2019

 

In its mining sector, Myanmar has allowed full foreign investment in large-scale mineral extraction while small- and middle-scale extraction will be allowed for Myanmar citizens only, according to the Myanmar Investment Commission. 

Proposals to run mining businesses must be submitted to the Ministry of Natural Resources and Environmental Conservation, and details are available on the website of the Department of Investment and Companies Administration. 

Till October this year, 1,251 mining blocks ranging from small to large scales were approved in various regions and states across Myanmar.   

The permitted mining blocks are 112 in Kachin State, 18 in Kayah State, 46 in Kayin State, three in Chin State, 229 in Sagaing Region, 88 in Taninthayi Region, three in Nay Pyi Taw, seven in Bago Region, 54 in Magway Region, 333 in Mandalay Region, 24 in Mon State, one in Rakhine State, 95 in northern Shan State, 92 in eastern Shan State and three in Ayeyawady Region totalling 1,251.

In seeking permission for small-scale and meager-scale mining sites, region and state governments can allow if they are within their designated areas, said Union Minister for Natural Resources and Environmental Conservation Ohn Win.