Myanmar: With Mining Law Changes, Are Foreign Firms Set to Dig In?

Feb 8, 2016 | Seamus Martov, The Irrawaddy
View Original

Long-anticipated revisions to Burma’s Mining Law, which were passed by the outgoing Parliament at the end of last year, could spur foreign investment in a sector that is still vulnerable to frontier market perils. The new law, which was finalized after being stalled in Parliament for more than two years, is significantly more favorable to foreign firms than the legislation previously in effect, which dated back to the days of the former junta in the 1990s. The updated rules officially aim to “promote the development of investment in respect of mineral resources” and are expected by many in the industry to usher in a new wave of foreign investment in Burma’s mining sector.