Tuesday, January 5, 2010

Myanmar government encourages private sector mining

The government of Myanmar (Burma) has been stepping up cooperation with the private sector in mineral extraction. According to China's Xinhua newsagency, a new contract reached between the state-owned Myanmar Mining Enterprise (MME)-2 and private company DELCO regarding tin and tungsten product quotas for the Kanpauk Mine, "signified another close cooperation between the Ministry of Mines and the private sector."

Myanmar has been encouraging local and foreign investment in the mining of such minerals as gold, gems, copper, lead, zinc and tin as well as coal.

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