Minister calls for mining investment

Minister calls for mining investment

By Aung Ye Thwin   |   Sunday, 04 August 2013

Mining enterprises in Mandalay Region would benefit if the government changed the laws to allow foreign investment in small- and medium-sized companies, the region's forestry and mining minister says.

Collaborations between foreign experts and Myanmar's mostly small-scale mining enterprises would improve their operations and facilitate faster rapid growth, U Than Soe Myint said at a recent ceremony.

The government currently allows foreign involvement only in large enterprises, he said, but he has proposed to other members of the regional government that this be changed. He added that he is not the only one who thinks the law should be changed.

"The president has also called for foreign investors [to partner with] small and medium enterprises because of the country's poor technology," he said.

Translated by Zar Zar Soe

Source: http://www.news.myanmaronlinecentre.com/2013/08/10/minister-calls-for-mining-investment/