Extractive industries

Myanmar boasts of possessing precious natural resources including those that are mined, legally or otherwise, and one of these resources is jade. But there is an enormous difference between the official data and estimates provided by non-profit organisations like Global Witness. Keep reading ...

Companies from the US, Singapore and other countries have signalled their in­terest in running petrol stations in Myanmar, a senior investment official has said, raising the pos­sibility that well-known foreign brands may soon greet motorists at the pumps.Keep reading  ...

Construction on the Tha Htay Chaung Hydropower Dam in Rakhine State is almost 50 percent complete, with electricity production to begin in the next few years, according to the re­gional government.The project has reached 42.74 percent complete at a cost of K17 billion, said U ...

Sakyin area residents in Madaya township, Mandalay Region, have urged the government to award more locals, and not companies, with permits for alabaster production.Keep reading ...

A long-awaited pipe­line that would al­low overseas oil to be pumped through My­anmar and into China for the first time has been de­layed again as final import licences have not been given, leaving a tanker due to deliver crude sit­ting in open waters.Keep reading ...

Kachin state has gen­erated K12 billion, roughly $8.77 mil­lion, for state coffers from sales of jade so far this fis­cal year, the state’s chief minister has said. But that figure is minuscule com­pared to the multi-billion dollar black market thriv­ing in the region.Keep reading  ...

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.Keep reading ...

The mining sector will miss out on a number of incen­tives including special income tax exemptions under the new invest­ment law which is due to take effect next month, the Director General of the Directorate of In­vestment and Company Administration(DICA) told a press briefing. Keep reading  ...

The Thai oil and gas company PTT Exploration and Production (PTTEP) will partner with Total E&P Myanmar for an oil and gas exploration project off the southern coast of Myanmar.Keep reading ...

Gas from three re­cently-discovered offshore reserves near the coasts of Rakh­ine and Mon states will feed local and interna­tional demand for energy over the next five years, a minister has said.Keep reading ...