Extractive industries
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 ...
LNG fills energy supply gap
Despite the eventual decline of three offshore gas projects, attempts are being made to supply 480 million cubic feet per day in summer, according to managing director of Myanma Oil and Gas Enterprise U Myo Myint Oo on March 3. “A plan has been arranged to ...
Shifting sands: illegal VN sales to Singapore
Quite a few Vietnamese companies are taking advantage of sand dredging privileges authorised by the Government to rake in huge illegal profits, according to an expose by the Tuổi Trẻ (Youth) newspaper. The investigative series, entitled “Tracing Vietnamese sand drain to Singapore”, reported that at ...
Official shares locals’ concerns of dredging
The appearance of an excavator, machine parts and metal structures on islands in the Tatai River in Koh Kong province has aroused suspicions among local conservationists that a company intends to launch a sand-dredging operation in the Tatai Wildlife Sanctuary – a suspicion shared by ...
Thai mine ‘destroyed Myanmar water sources’
People in Heinda district in Myanmar’s Tanintharyi Region have been deprived of clean water, amid claims that a tin mine operated by a Thai firm has contaminated the river and water sources with heavy metals. Looking out from the local temple, Myaung Pyo seems like ...
