Govt now pro­cess­ing 40 min­ing pro­pos­als

The Myanmar Times - - Business -

THE Min­istry of Nat­u­ral Re­sources and En­vi­ron­men­tal Con­ser­va­tion (MONREC) has pro­cessed a to­tal of 40 pro­pos­als for min­eral ex­plo­ration at large and medium sized min­ing blocks in Myan­mar, its per­ma­nent sec­re­tary U Min Min Oo said.

Feed­back on whether any ex­plo­ration ac­tiv­i­ties will have an en­vi­ron­men­tal or so­cial im­pact is be­ing sought from the state and re­gional au­thor­i­ties.

The de­vel­op­ments come af­ter MONREC in July last year per­mit­ted both lo­cal and for­eign min­ers to sub­mit ex­plo­ration pro­pos­als to the gov­ern­ment. Pro­pos­als to ex­plore in large and medium sized min­eral tracts will be pro­cessed by the Union gov­ern­ment, while those for small-scale blocks will be pro­cessed by the state or re­gional au­thor­i­ties.

Once ap­proved, any min­eral dis­cov­er­ies re­sult­ing from ex­plo­ration will be fol­lowed by per­mits to con­tinue with pro­duc­tion. The pro­duc­tion pe­riod will de­pend on the vol­ume of min­eral de­posits in a given mine, U Min Min Oo said.

No large or medium scale pro­duc­tion ac­tiv­i­ties have been ap­proved so far.

Large scale min­eral blocks con­sist of those above 247 acres. Cur­rently, there are 150 large-size mines in Myan­mar, ac­cord­ing to MONREC.

Myan­mar is rich in coal, lime­stone, mar­ble, tin and tung­sten, cop­per and gold de­posits. – Thiha Ko Ko

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