Extractive industries

Minerals and mineral products

Tax exemptions on diamonds, emeralds and gold approved

The Pyidaungsu Hluttaw agreed on Tuesday to stop levying special commodity tax on diamonds and emeralds, as well as commercial tax on gold nuggets. “As those items should be exempted from taxes, Hluttaw agreed to it.” Public Account Joint Committee Member and Kayin State, Hlaing Bwe ...

MoIT rejects proposal to close mine

The Ministry of Industry and Trade (MoIT) has rejected a proposal to shut down a major iron mine over concerns that it poses risks to the environment. The ministry said in a press statement that the proposal by the Ministry of Investment and Planning (MPI) to ...

MoF maintains raw iron export tax

The price of refined iron ore is 200 times more expensive than the raw iron ore for exporting, therefore, reducing the export tax on raw iron ore is unreasonable and discouraging investments in ore sorting technology, according to the Ministry of Finance (MoF).Keep reading ...

Banpu stays afloat despite Chinese floods

SET-listed coal miner Banpu Plc says massive flooding in China that killed dozens of people and destroyed major transport systems had had no adverse effects on the company’s operations in the country.Keep reading ...

Locals worried by huge cracks near coal mines in Thibaw

People living in Nam Ma village tract in Thibaw township, northern Shan State, are worried about large cracks in the earth that opened up recently in the area where a coal mine has been operating since 2004. On June 23, more than 600 people and 15 ...

Gov’t: public should be consulted on coal power

The government is currently streamlining its policy for the power sector to ensure the country’s energy security and coal can be one of the options, according to Daw Mi Mi Khaing, director general of Department of Electric Power Planning under the Ministry of Electricity and ...

Asia and the fall of coal

The sudden shift, years ahead of schedule, from coal toward renewables is remaking Asia’s energy economy – with repercussions to be felt across the world. The present – and future – does not look good for what, only a few years ago, seemed like a ...

The most neglected threat to public health in China is toxic soil

Tang Donghua, a wiry 47-year-old farmer wearing a Greenpeace T-shirt, smokes a cigarette and gesticulates towards his paddy fields in the hills of southern Hunan province. The leaves of his rice plants poke about a foot above water. Mr Tang says he expects to harvest ...

Chinese traders prefer Hpakant over Mandalay gems market

Buyers from China have found it much easier to do business in the mines of Hpakant than in Mandalay’s Maha Aung Myay Gems Trading Centre, the city’s largest emporium which features more than 1000 shops, especially if they want to buy raw or uncut jades. “I have ...

Hòa Phát to issue over 250 million shares

Steelmaker Hòa Phát Group (HPG) plans to issue over 250 million shares to raise capital for investment in the second phase of Hoà Phát Dung Quất iron and steel production complex. HPG will sell those shares at a price of VNĐ20,000 (US$0.8) per share, expecting ...

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