Extractive industries
PV Power wants strategic investors to buy shares
PetroVietnam Power Corporation (PV Power), a subsidiary of state-owned energy giant PetroVietnam, will sell 49 per cent of its stake later this year, with priority given to strategic investors.The corporation is going ahead with the equitisation process, and its initial public offering (IPO) is planned ...
Land compensation issue remains unresolved
Although a verbal promise had been made for compensation to be paid for lands which were seized from a subsidiary of a Chinese firm Wanbao Mining, Myanmar Yang Tse is still operating the Sabetaung and Kyisintaung mines beside Letpadaung.The lands have been seized twice, between ...
New plan to boost community involvement in mining concessions
The government intends to draw up a new master plan on the mining industry in which regulations on ore processing and community participation will be tightened, according to a national policy committee.However, it remains uncertain if Akara Resources, formerly the largest gold mine operator in ...
The most neglected threat to public health in China is toxic soil
Tang Donghua, a wiry 47-year-old farmer wearing a Greenpeace T-shirt, smokes a cigarette and gesticulates towards his paddy fields in the hills of southern Hunan province. The leaves of his rice plants poke about a foot above water. Mr Tang says he expects to harvest ...
Chinese traders prefer Hpakant over Mandalay gems market
Buyers from China have found it much easier to do business in the mines of Hpakant than in Mandalay’s Maha Aung Myay Gems Trading Centre, the city’s largest emporium which features more than 1000 shops, especially if they want to buy raw or uncut jades. “I have ...
Hòa Phát to issue over 250 million shares
Steelmaker Hòa Phát Group (HPG) plans to issue over 250 million shares to raise capital for investment in the second phase of Hoà Phát Dung Quất iron and steel production complex. HPG will sell those shares at a price of VNĐ20,000 (US$0.8) per share, expecting ...
MIC green-lights Nga Yoke Kaung offshore supply base
A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission, Myint & Associates Offshore Supply ...
Joint-venture granted licence to trade machine oil
Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on ...
Dầu Tiếng Reservoir sand mining suspended
The Ministry of Agriculture and Rural Development has asked the provinces of Tây Ninh, Bình Dương and Bình Phước to suspend sand mining operations at Dầu Tiếng Reservoir, following an order from the Government. The ministry told officials to adjust planning for construction sites and ...
Cold-water fish a gold mine
Hoang Van Ta, 53, was the first person to farm salmon in his commune in the mountainous province of Lang Son in 2007. Now he earns as much as VND4-5 billion (US$180,000-$220,000) a year from salmon. Mau Son Commune, Loc Binh District is located about 170km ...
