The Letpadaung Taung Investigation Commission (“Commission”) has issued its complete and final report (“Report”) into the Letpadaung Taung copper mining project (“Project”). The Letpadaung deposit is one of four significant mineralized deposits located in west central Myanmar; approximately 5 kilometres west of the town of Monywa situated 110 kilometres west of Mandalay and 832 kilometres north of Yangon.
On 11 April the Ministry of Energy (“MOE”) of the Government of the Republic of the Union of Myanmar (“Government”) issued an Invitation for bids to conduct petroleum operations in the Myanmar offshore areas (2013) (“Offshore Bidding Invitation”) in relation to both shallow and deep water blocks. The issuance of the Offshore Bidding Invitation follows on from the recently closed onshore bidding process (“Onshore Bidding Invitation”) following which 59 companies were shortlisted for a second round evaluation and data disclosure. The closing date for submissions is 14 June 2013. Of the 11 shallow water blocks, 3 are located in the Rakhine offshore area, 2 in the Moattama offshore area and 5 in the Tanintharyi offshore area. Of the 19 shallow water blocks, 12 are located in the Rakhine offshore area, 3 in the Moattama offshore area and 4 in the Tanintharyi offshore area.