Extractive industries
KrisEnergy to consider selling stake in Block A
Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. The oil and gas company posted $237.1 million in net losses for the 2016 fiscal ...
No plans to suspend Criminal Act 144 in Minbu oil refineries
The imposition of Criminal Act 144 in Minbu district, Minbu township Mann oil refinery and oil refineries from Tauksharpin-Kanniyay, Magwe Region will not be suspended pending the enactment of other laws to safeguard the areas, said Deputy Minister for Home Affairs Major General Aung Soe. ...
Sihanoukville dredging eyed
Ministry of Environment officials on February 22 said an inspection team will be deployed to investigate the recently halted sand-dredging operation for the development of the Sihanoukville Autonomous Port’s new multipurpose terminal, which has affected local families. Danh Serey, director of the ministry’s environmental impact assessment ...
Local protesters block road to Letpadaung copper mine
The Sagaing Division chief minister will likely visit the controversial Letpadaung copper mine later this week after protesters prevented vehicles from leaving the compound on February 21 and demanded the mine cease operations. “We blocked five trucks carrying copper from leaving the mine,” U Pho La ...
Residents block trucks at Loei mine
People in Loei have urged government agencies to inspect the Tungkum gold mine amid reports of illegal mining, producing many tonnes of ore being despite the mine’s permission to use local forestland having expired. The Rak Ban Kerd (Love Our Hometown) community group has blocked the ...
Letpadaung copper project to bring in US$20m
The Letpadaung Copper Project, which is a joint venture between the Wanbao Mining Company from China, Myanmar Economic Holdings Limited and the Myanmar Government is expected to generate about US$20 million in its first 10 months for the State, said U Ohn Win, Union Minister ...
No more coal mining licences due to harmful health effects, says union minister
The government will stop issuing new coal mining licences due to the substance’s harmful effects on health, said U Ohn Win, Union Minister for Natural Resources and Environmental Conservation. He also said factories which violate regulations in the burning of coal will be shut down. ...
Nine killed in Kachin jade mine landslide
A landslide in northern Myanmar’s jade mining region has killed 9 people, a local official said on February 11, the latest fatal incident to strike the shadowy billion-dollar industry. The men were believed to be searching for jade in Kachin State when a wall of unstable ...
Slag heaps from mining operations concern Kachin residents
Kachin people have complained that mining companies are dumping waste soil recklessly and that it could trigger natural disasters. “We’ve found some companies dumped slag near tributaries of the Uru River. The waste soil could block the river during the rainy season,” said a resident of ...
Nickel market roiled by supply outlooks in Indonesia, Philippines
The nickel market has been undergoing wild swings this year, pummeled by Indonesia’s move to relax an export ban but later buoyed by expectations of a supply decrease from the Philippines. The Philippines said last Thursday that it will close mines responsible for roughly half of the ...
