Extractive industries
Sagaing authorities start gold mine clampdown
Sagaing Region authorities in Myanmar are launching a crackdown on small-scale gold mines that, they say, contribute to environmental degradation. But concern is growing that larger companies, which are licensed at the level of the Union government, may be allowed to continue operating. Sagaing Region was ...
Three-month suspension of titan mine over reservoir collapse
Vietnam’s Ministry of Natural Resources and Environment has suspended the titan exploitation at Nam Suui Nhum mine for three months due to a reservoir collapse. The 3,000-cubic-metre reservoir of Tan Quang Cuong Ltd. in the Ham Thuan Nam District of Binh Thuan collapsed on June 16, ...
‘Power shortage’ if newcomers win gas deals
Thailand could face a power shortage in 2020 and 2021 if newcomers win the upcoming petroleum auctions and current gas producers cut their investments prior to the handover, a senior energy official has warned. Prasert Sinsukprasert, deputy director-general of the Energy Policy and Planning Office, told ...
In Mon State expanding quarries threaten farms
The number of quarries in Mon State is quickly increasing and locals say authorities fail to regulate their environmental impact on farmlands. On a recent afternoon in May, the farmers of Ohn Titbin Village Tract were tending to their betel nut and rubber plantations when a ...
Authorities visit disputed coal power plant in Mon State
Authorities in Mon State for the first time visited a Thai cement factory where a coal power plant was built without informing locals or authorities, said local sources. The Mawlamyine Cement Limited factory officers said that they intended to use coal power if the government could ...
Gold miner Besra Vietnam suffers massive losses
Canadian Besra Inc.’s Besra Vietnam, the operator of two gold mines in the central province of Quang Nam, namely Phuoc Son Gold Company Ltd. and Bong Mieu Gold Mining Company Ltd., has suffered a loss of over VND1 trillion ($44.7 million) with a short-term debt ...
JOGMEC to explore for gold in Ratanakkiri
Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release on 14 June.Keep reading ...
Over-extraction, Chinese slowdown blamed for jade price slump
Industry insiders have blamed an economic slowdown in China, over-extraction in jade mines, and market uncertainty linked to the transition of power to a democratically elected government in Burma. More than 850 licenses have been issued to firms at over 8,000 sites since private companies ...
Industry Ministry crushes Binh Son export aspirations
The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, ...
Ore mining industry suffers setbacks
A mining company has decided to give back to the state two iron ore mines with large reserves, an unprecedented move in the country. The decision to return the two mines under exploitation in Vietnam’s Ha Giang province, according to analysts, shows that the golden age ...
