Amended Myanmar Mines Law: Streamlined Framework for Foreign Investment

For many people, the Asia mining sector has had a certain appeal especially in relation to Myanmar (previously Burma) as it develops and implements regulations and looks for foreign investment.  Most recently, the Myanmar Parliament passed amendments to the Myanmar Mines Law and TerraLex member firm, Kelvin Chia Yangon Ltd, has outlined the legislative amendments in an eBulletin. These amendments introduce a streamlined framework for foreign investment in a bid to attract international mining companies and associated companies who are seeking to establish a presence in the country. The regulations are expected to be published by the Ministry of Mines by end of March 2016.  Read more...