Extractive industries
Dredging fee fraud alleged
A French-Canadian businessman was charged on March 29 with defrauding a sand trader of more than $300,000 by promising to arrange official permission for a dredging operation. Interior Ministry police officer Chea Pesith said Seang Metta, 52, of Boeung Keng Kang II commune in Phnom Penh, claimed ...
Oil firm ready to ink production-sharing agreement
Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. Kelvin Tang, KrisEnergy’s chief operating ...
Myanmar-China oil pipeline a reality
Nearly a decade in the making, a project to pump oil 770 km across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route. Dogged by sensitive relations ...
Judge pledges to decide fairly in mining case
A Minbu court judge maintained that he would decide on a case involving illegal coal miners objectively, just a 400 people demonstrated against the prosecutions of a mining company owner and his workers. The protestors on Tuesday claimed that the Magway regional government had been ...
Joint-venture between British and Myanmar firms eyes oil and gas sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of ...
Transparency lacking in mining sector: Experts
The Vietnamese legal framework and policies regarding transparency in the mining sector is “fairly comprehensive”, however, implementation of such policies leaves a lot to be desired, according to a study by the Việt Nam Chamber of Commerce and Industry. The research on transparency compliance lamented ...
Over 4000 lots of jade sold via open tender
A total of 4454 lots of raw gems and uncut jade are up for bid at the Mani Yadana Jade Hall in Nay Pyi Taw this week. The raw gemstones and jades are being sold via an open tender system from March 19 until March ...
SteelAsia offers to revive defunct National Steel
To ride the infrastructure boom, SteelAsia Manufacturing Corporation has offered to acquire the mothballed National Steel Corporation in Iligan city. SteelAsia is the largest reinforced steel bar maker in Southeast Asia, while NSC was once the largest steel mill in Asia until it failed to ...
Over 5 visses of gold panned at Mahamuni Pagoda
More than five visses (one viss equals 3.6 pounds) of gold have so far been recovered in the annual gold leaves debris panning process at Mahamuni Pagoda in Mandalay, said U Aung Moe, convener of charity at the pagoda. “Gold leaves debris panning started on February ...
Bright prospects for steel firms despite challenges
Việt Nam’s listed steel companies can achieve higher growth in 2017 despite a volatile and predictable international market if they optimise operations and exploit missing links in the sector’s supply chain, experts said on March 13. Given recent international developments, global markets are likely to ...
