Tuesday, February 19, 2013

Mining ministry announces new gem permits


Tuesday, 19 February 2013 11:38 Khin Myo Thwe

Myanmar's Ministry of Mining has announced that new gem mining permits will be issued at 1 million kyat (US $1,167) per gem mine block.

A potential buyer examines slabs of jade in northern Myanmar. (Photo: Mizzima)

The permits for new gem mines in Mogoke, Mineshu and Nanyar Sate will be issued in accordance with the Myanmar gems law, according to a statement issued by the ministry on February 11.

Permits for old jade mine blocks that expired during January, February and May will be renewed; while those for new jade mine blocks will be issued soon.

Local private companies and cooperatives must be able to prove a strong financial background and attach bank statements from the Myanma Economic Bank or a private bank that is authorized by the government to apply for the permit.

Application forms can be submitted to the Gems & Jewelry Head Office and Gems Museum in Naypyitaw from February 18 to March 19.
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