Extractive industries
Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As
Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...
Vietnam's fast economic growth is quietly slipping, but no one cares
In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants serving sushi and chicken in passion fruit sauce. It’s odd then that ...
Govt seeks contractor to repair environmental impact of jade mining
A tender was put out on 1 August to draw up the Environmental Management Plan to repair damages caused by the jade mining in Lonekhin and Hpakant in Kachin State, Myanmar.Keep reading ...
Mesco closes in on gold licence
After an unexpectedly lengthy review, the Ministry of Environment has approved the environmental and social impact study of Indian mining firm Mesco Gold, clearing the last major hurdle for the company to receive a licence to operate the Kingdom’s first royalty-generating mine. “The Ministry of Environment ...
Mining companies must repair environmental damage: official Print
More than 1000 jade mining companies will be forced by law to clean up their sites in Hpakant and Lone Khin mining areas in Kachin State once their permits have expired, the government says. U Win Htein, director general of the Department of Mines, under the Ministry of Natural Resources and Environmental Conservation, told The ...
Closed Mae Sot zinc mine to become forest
Padaeng Industry closed its zinc mine in Mae Sot last month because of the depletion of ore reserves. Managing director Francis Vanbellen said on 27 July that PDI’s mine concluded its 32 years of sustainable operations after producing its last 140,000 tonnes of zinc-silicate ore this ...
Grain drain, Laos' sand mining damaging the Mekong
Grain by grain, truckload by truckload, Laos’ section of the Mekong river is being dredged of sand to make cement—a commodity being devoured by a Chinese-led building boom in the capital. But the hollowing out of the riverbed is also damaging a vital waterway that feeds ...
Hundreds of jade mining licenses expire this month
Myanmar’s Ministry of Natural Resources and Environmental Conservation has released a list of 310 jade mining companies in Kachin State who will be unable to renew their licenses when they expire at the end of this month. The government previously said it would not renew expired ...
More IPOs in oil and gas industry planned this year
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the government on equitisation of state-owned firms. On July 15, Deputy Prime Minister Trinh Dinh Dung told the first half meeting of the PetroVietnam ...
China woos Myanmar, tries to massage its public image
According to the State Council Information Office of the Chinese foreign ministry, Beijing has invited more than 100 journalists, government officials and members of parliament to visit the country, as well as 100 students to study in China. In what seems likely to be a concerted and ...
