News
Will coal shares bounce back?
The strong increase in coal prices has rekindled hopes for Vietnam’s miners and securities investors after a period of disappointment. After eight years of decline, the coal price began recovering in early 2016. Analysts commented that the coal price has been witnessing the strongest recovery compared ...
Mixed feelings toward dredging-fuelled fund
Minister of Mines and Energy Suy Sem on December 6 announced in Koh Kong province the creation of a community fund of nearly $40,000 for Koh Sralao village, according to a ministry official, who said the funds came from a 2-cent-per-cubic-metre levy imposed on sand dredgers ...
Ministry promotes quartz industry
The Industry Ministry is pushing for the development of quartz mining, as this mineral is an important raw material for the production of solar panels. According to the ministry’s Department of Primary Industries and Mines, the Kingdom has reserves of 25 million tonnes of high-quality ...
Sand extraction in Koh Kong province halted, ministry says
Facing mounting scrutiny over the country’s sand trade, the Ministry of Mines and Energy said on November 16 that all sand extraction had been suspended in Koh Kong province, where much of the country’s extraction takes place. “We have suspended it for a long time already,” ...
Emerald hopes to draw first gold by end of 2018
Australian mining firm Emerald Resources expects to complete a definitive feasibility study for its Okvau gold project in Mondulkiri province by early next year, with gold production to commence by the end of 2018, according to an investor presentation released on November 2.Keep reading ...
Gems traders in Mandalay to protest decline in jade market
Gems traders in Mandalay plan to hold a protest tomorrow, calling on the government to take action to bolster the region’s slumping jade market. According to U Than Win, one of the protest’s leaders, the market for jade in Mandalay has been in decline for ...
Giant jade stone uncovered in Kachin State
A giant jade stone estimated to weigh 210 tons was uncovered in the jade mining hub of Hpakant in Kachin State last week and is now being guarded by police. “We can say it is the largest piece of jade ever unearthed in Myanmar,” confirmed U ...
US gems association eyes trade ties as sanctions end
The American Gem Trade Association arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s ...
Gov’t scoops up more mining revenue
In the first eight months of the year the Ministry of Mines and Energy has already surpassed its annual target for non-tax revenue collection from sand dredging and construction material-related mining operations, collecting 117 percent of the $6.6 million outlined in the 2016 national budget, ...
Protesters told not to behave ‘lawlessly’
Villagers have been reprimanded over an unsanctioned protest staged outside the Mandalay Region government’s office last week. The Thabeikkyin township residents were seeking a meeting with the chief minister over gold mines they allege have encroached on village territory over the last few years with ...
