News dalla rete ITA

25 Ottobre 2018

Birmania - Thailandia

GROWTH IN MINING INDUSTRY EXPECTED AS INVESTMENTS RISE

 According to U Than Soe, deputy permanent secretary of the Ministry of Natural Resources and Environmental Conservation (MONREC), Myanmar’s mining industry is expected to expand in next year on the back of higher foreign and domestic investments.Growth in the sector is expected after the government permitted local and foreign investments in Myanmar’s mining blocks under the new Myanmar Mining Rule enacted in February. Under the new legislation, foreign companies will now be able to invest in large-scale sites of more than 500,000 acres (202,000 hectares) as well as medium scale sites of up to 247.1 acres. Under the new law, mining procedures will be conducted in three stages. After the exploration and testing stages, a feasibility study is needed to determine the level of damage and wastage caused as a result of any mining activities.So far, MONREC has given permission to mining companies from Australia, Thailand and China to commence the three-stage procedure, which could take three to five years to complete. (ICE BANGKOK)


Fonte notizia: Myanmar Times