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Investment Opportunity in Myanmar Mining | Myanmar Mining | Investment in Myanamr

Investment in Mining Industry in Myanmar: Investment Guide and Due Diligence

In Myanmar, MiTA provides consulting services to local Myanmar mining companies and foreign mining companies / investors. MiTA also represents and does business development for engineering consulting companies, EPC contracting companies, mining equipment suppliers. Please visit services page for details of our services.

Myanmar Government is working with international development organizations, including World Bank for making mining sector more transparent and meet requirement of Extractive Industries Transparency Initiative (EITI). MiTA is organizing Myanmar Mining Summit, Conference and Exhibition to facilitate foreign investment in Myanmar and empower local Myanmar companies for the growth of Mining Sector in Myanmar. A brief overview of investing in mining sector in Myanmar is presented below.

Procedures for the Foreign Investment in Mining Sector:

The following steps and procedures are generally in practice. Any foreign company interested in mining in Myanmar and wants to apply for mining licenses for prospecting, exploration & production for non-metallic mineral and metallic mineral may need to follow the following steps:

  • Courtesy call to Ministry of Mines, Government of Myanmar in Nay Pyi Taw

  • Minister hands over to DGSE or respective mining department. An application letter attaching the following documents to be submitted to the Ministry of Mines/concerned Departments or Enterprises in the Ministry of Mines:

    • Map of area interested

    • Recommendation letter by divisional government

    • Recommendation letter by township officer, Form 105 issued by township survey department (Assistance of DGSE is necessary)

    • Embassy’s endorsement for financial situation

    • To apply for MIC permit

    • To open office in Yangon

  • Ministry of Mines / concerned Departments or Mining Enterprises under Ministry of Mines will arrange site visit if requested by the investors or company after technical discussion with responsible departments. Along with such request letter, a foreign investor / company need to submit the following documents:

    • Recommendation letter from the Myanmar Embassy in the country of the foreign investor / company;

    • Letter of Undertaking,

    • Tentative schedule for proposed site visit and

    • Copies of passport of the people who will be going for site visit on behalf of the foreign investors / company.

    The above documents and request letter are required to be submitted to the Ministry of Mines two weeks ahead of the proposed site visit.

  • After the site visit investor should submit original proposal(s) to the Ministry of Mines and submit copies of the proposal(s) to relevant Government Departments, if the investor decides to invest in mining sector in Myanmar.

  • DGSE (Department of Geological Survey & Mineral Exploration) is responsible for minerals prospecting, exploration and feasibility study. Mining Enterprises are responsible for mining operation and production.

  • The following documents should be included with the proposal of the foreign investor who is proposing 100% Foreign Direct Investment (FDI):

    • Proposal letter address to the Union Minister, the Ministry of Mines mentions the type of mineral and area of interest

    • Proposed area location map with coordinates

    • Recommendation and endorsement of respective Embassy in Myanmar

    • Company Registration

    • Company Profile and other relevant facts about the company

    • Financial Bank Statement

    • Financial Investment

    • List of the Board of Directors

    • Initial work programme

  • After approval of the Ministry of Mines, the proposal of the foreign company / investors and the Draft Agreement between the investors and Ministry of Mines will be sent to the Myanmar Investment Commission (MIC) for Investment permit.

  • There are following key provisions in the mining license in Myanmar:

    • Signature Bonus

    • Royalty, and

    • Production Sharing

  • Indicative royalty:

    • For Metallic Minerals - 3 to 4 %

    • For Precious Metallic Minerals - 4 to 5 %

    • For Industrial Minerals - 1 to 3 %

    • For Ruby, Sapphire, Jade and Diamond - 20 %

    • For other Gems - 10 %

    • Royalty is levied on value of mineral sold.

    • It is a sale based royalty and not a production based royalty.

  • There are six categories of Mining Permits and permit years are mentioned as followed:

    • Prospecting Permits - 1 yr

    • Exploration Permits - 1 yr

    • Feasibility Study - 1 yr

    • Subsistence Mining Permits - 1 yr

    • Small Scale Mining Permits - 5 yrs

    • Small Scale Mining Permits - 25 yrs

  • Ministry of Mines stipulated the area of Mining Permits as below:

    • Prospecting Permits - 4200 Km2

    • Exploration Permits - 3150 Km2

    • Small Scale Mining Permits - not more than 1 Km2

    • Large Scale Mining Permits - depends on Investment amount and Ore Deposit.

The above information was collected in March 2013. Myanmar Mines Law is being amended. The above conditions of mining licenses in Myanmar likely to change when New Mining Law of Myanmar is enacted and new rules and regulations governing mining sector in Myanmar come into force. Myanmar has abundant natural resources to be mined. Investment in Myanmar Mining Sector will be more attractive and sustainable when the New Mining Law becomes effective, political situation including ethnic movement is normalized and Myanmar complies with the requirements of Extractive Industries Transparency Initiative (EITI). Please contact us for detail information and consulting services.

Investment in Mining Industry in Myanmar: Investment Guide and Due Diligence

In addition to mining, MiTA provides consulting services in Myanmar in: • Oil and GasPowerRenewable EnergyMiningTelecommunicationInformation Technology & IT Enabled Services Real EstateInfrastructureAgricultureMedical & Health CareManufacturingSMEEnvironmental Engineering and Waste ManagementFisheries and AquacultureGarments and ApparelHandicrafts and AntiqueBanking Finance and Insurance.

MiTA Myanmar Investment Conferences & Exhibitions

Corporate Social Responsibilities

MiTA Services is committed to Green Environment, Sustainable Development and Value Creation for the Ecological Society where man coexists with nature. MiTA Services commits to use minimal papers in office work to save the trees and encourages everybody using electronic media as much as feasible. MiTA's research, engineering design and management practice will follow green business philosophy.