Antimony in Myanmar

Investing in the resource-rich country Myanmar


Myanmar has attracted 69 Chinese companies to its energy and mining sectors, raising environmental and security concerns for local populations, Earth Rights International (ERI) revealed, 2007. According to a survey conducted by ERI, there were 69 Chinese companies have been attracted and involved in Myanmar's hydropower, oil, natural gas and mining sectors compared with only 26 known companies in 2007.


At the same time, foreign firms engaged in mineral exploration in Myanmar include those from Australia, China, Japan, Malaysia, Singapore, Thailand, the United States and Russia.


'India, Thailand, Korea, Singapore, and China are among the Asian countries with the largest investments in Myanmar's hydropower, oil and natural gas, and mining sectors. Foreign direct investment in the resource-rich country, Myanmar's oil and natural gas sectors, more than tripled from 2006 to 2007. Official statistics show that foreign contracted investment in Myanmar's mining sector has so far amounted to about 1.398 billion U.S. dollars in 60 projects since the country opened to such investment in late 1988, accounting for 8 percent of the total foreign investment and standing as the fourth largest sectorally.


Private sector's involvement in mineral exploration work increased in Myanmar in 2009 following privatization of many mining in the country during the year.

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New Antimony Plant Goes Into Production in Myanmar


In November, 1999, an antimony concentrate plant in Myanmar's southern Shan state, originally owned by the state and was started to be privatized. Taken over by the Myanmar Mayflower Mining Company under the country's privatization scheme, the antimony concentrate plant is started and produced 4,500 tons of antimony ores annually. (Xinhua, Rangoon 19 August 2000)


Myanmar's mining sector is growing by 19 percent every year. However its contribution to the gross domestic product is still rather small. In Myanmar, over 11 percent of the mining sector is owned by the state and over 86 percent by the private sector.


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Besides engagement in the mining sector by local private entrepreneurs, there is also foreign investment in the development of the sector.


According to official statistics in 2000, about a dozen foreign firms, including those from Australia, Canada, China, Japan, Malaysia, Singapore Thailand and the United States, are engaged in prospecting and exploration of mineral resources as well as feasibility study in Myanmar since the country enacted the New Mining Law in 1994.


The statistics also show that foreign investment in Myanmar's mining sector so far amounted to 522.24 million U.S. dollars in 49 projects in 2000.


Now, the new plants are also developed beginning of 2010, in Kayah State (Easten part of Myanmar) and Karen State (south-easten part of Myanmar). Today, Myanmar is ready to be involved Antimony ore export countries list and has rich enough Antimony in her ground. We are trying to be one of the best exporters in Myanmar.
So, we do invite for investment in production and trading of Antimony ore and purified Products for exporting.

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