Anticipation is growing ahead of the 2nd official Myanmar Mining Summit from January 21-24 as more news about the changes to the country’s foreign investment and mining laws is revealed. The Myanmar government is steering the country towards greater democracy and economy liberalization, bringing more investors to investigate opportunities within the minerals, oil and gas sectors.
China in particular is driving much of the interest in mining investments, while Canadian-based Centurion Minerals has become the latest company to enter the Myanmar mining sector with a focus on gold mining and exploration.
Officially supported and hosted by the Ministry of Mines, more than 400 delegates are expected to attend the 4-day summit to gain first-hand information on the amended laws and jurisdictions surrounding investments in Myanmar’s mining sector.
Event organizer, the Centre for Management Technology (CMT), says among those to register their participation are key officials from government departments, commodity traders, investment banks, mining consultants, geotechnical specialists and service and technology providers.
The opening keynote address will be made by His Excellency Dr Myint Aung, Union Minister of Mines. “Connecting with key officials from mining, investment departments, and top mining leaders seeking partnerships and investments, makes the Myanmar Mining Summit a one stop event for all investors and stakeholders who want to be involved in Asia’s last frontier of minerals and resources,” he says.
Topics included in the agenda for discussion include a clarification on the new foreign investment law, due diligence issues on environmental impact and sustainability and the processes involved in securing mining exploration licences.
The marked interest in Myanmar’s mining sector was evident at the first official summit held in July 2012. Almost 300 delegates from Asia, the Middle East, Africa, Europe, Australia, the United States and Canada attended the country’s first dedicated mining and investment conference.