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Overseas Mining Laws

Myanmar

MYANMAR

Myanmar is endowed with world-class mineral resources including copper, gold, lead, zinc, silver, tin and nickel. High prospectivity and a lack of exploration means there is a high probability of further world class discoveries and the potential for high returns for mineral companies willing to commit to Myanmar.
Myanmar is one of the world's oldest oil producers. It is estimated to have huge oil and gas reserves, however few fields are currently producing and most deposits remain unexplored. According to the Ministry of Energy the country's proven reserves in 2012 stood at 2.1 billion barrels of oil and 25 trillion cubic feet of natural gas, most of that offshore.

Code

No national code at present.

Key Mining Legislation

The Myanmar Mines Law No.8/94 (the "Mining Laws")

Ministry of Mines Notification No.125/96  (the "Mining Rules")

Foreign Investment Law No. 21 / 2012

Union of Myanmar Notification No. 1/2013

Ministry of National Planning and Economic Development Notification No.11/2013 ("Investment Rules")