In the past, gems were mainly explored from Hpakant in Myanmar. Beyond1988, Mongshu has become the new gem-land in Myanmar after Hpakant. Recently, a total of 6749 thousand carats were explored from 227 gem mining blocks in Mongshu gem land during 2009, according to the Ministry of Commerce.
The No.1 Mining Enterprise is carrying out mining on the basis of mutual interest in cooperation with internal and external private entrepreneurs. Myanmar Ivanhoe Company Limited is exploring copper metal mining at Kyaesintuang and Sabeitaung in Monywa, and Cornerstone Resources (Myanmar) extracting zinc ore in Laukkai.
Similarly, No.2 Mining Enterprise is undertaking mining in collaboration with foreign companies. Moreover, it is carrying out mineral exploration in Heinde mining block joining with Myanmar Pongpipat Co., Ltd from Thailand.
“More minerals are found in late 1988. For example, Mongshu gem land has been found in 1988. Minerals are also discovered in Kayin State. Some said that minerals could be depleted due to excessive exploration and utilization in a short span. However, the current exploration of minerals is at the level of open mine. More minerals have been found by the use of heavy machinery.
Likewise, No.3 Mining Enterprise is carrying out mineral exploration together with internal and external private entrepreneurs on the basis of mutual interest. The ECI Mineral Private Co., of Singapore is producing international quality bright stone powder.
Myanma mining businesses are being handed over to national private entrepreneurs. The government granted mining permission to the Jade Dragon Gems Co Ltd, the Myanmar Sithu Company Limited, the Jing Po Aung Jade & Gems, the Yadana Tuangtan Company Limited and the Shwe Gon Gon Gem Company Limited in Phakant (Hpakant). Moreover, the Padamyar Ngaga Kyauksein Company Limited and the Khun Pa O Gems Jade Co Ltd are permitted to explore in Mongshu Gem Land Block.
Similarly, Myanmar VES Venture Co Ltd signed a ten-year deal for gems exploration with the investment of US$ 5 million as of 1 January 1993. In the sector of breeding pearls, permissions have been granted to national entrepreneurs in Magyi Pinhsaung, Zinyawkyun, Shwekyun, Domelkyun, Dunpale and Saint Luke pearl blocks. Moreover, other minerals are being produced in the respective gem blocks in the country.
———————Junta backed wekly eleven
Whos buying all this Stuff ????? even banned in US and Europe- Junta Cronies transport to India, China ,Thailand AND FROM THERE YOU CAN …..
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