Myanmar Market Briefing - Mining Sector Ross Bray Senior Trade Commissioner Austrade Yangon September 2015
Myanmar overview Strategic location Land area 677,000 square km Population 51 million Ethnic diversity Economy (2014 estimates) GDP: US$65.3 billion GDP growth: 8.5% GDP per cap: US$1,270 Inflation: 6.6% Bilateral trade: A$163 mill (2013-14) Data: DFAT Burma Country fact sheet Map: Myanmar Information Management Unit
Extractive industries Major resources Oil and natural gas Gemstones - jade, rubies, sapphires Metals - copper, gold, silver, lead, tin, tungsten, antimony Industrial minerals Ownership of resources Government has sole rights for exploration and development Can permit private sector involvement Restrictions on small scale mining Major players Oil & Gas: Total, PTTEP, Daewoo, Petronas, CNPC, local players Mining: no major international miners currently active. Primarily Myanmar and Chinese Photo: Myanmar Ministry of Energy; Myanmar Ministry of Mines
Key Government Agencies Ministry of Energy Myanma Petrochemical Enterprise Myanmar Petroleum Products Enterprise Myanma Oil & Gas Enterprise Ministry of Mines Department of Mines Department of Geological Survey and Mineral Exploration Six other mining enterprises Ministry of Environmental Conservation & Forestry Ministry of National Planning & Economic Development Directorate of Investment & Company Administration Myanmar Investment Commission
Recent developments Regulatory reform Foreign Investment Law Environmental legislation Amendments to 1994 Mining Law still undergoing review in Myanmar parliament Oil & gas blocks 18 onshore blocks 30 bidding consortia Winning bids for 16 blocks announced October 2013 30 offshore blocks 30 bidding consortia, 64 bids Bids closed 15 November 2013 20 blocks awarded Extractive Industries Transparency Initiative process Map: Myanmar Ministry of Mines
Potential commercial opportunities Mineral exploration and development Mining equipment, technology & services Environmental technology and services Vocational training and skills development Capacity building within government agencies Research collaboration Photo: Mining Examiner; International Business Times
METS Opportunities Domain Exploration Services Aerial exploration, Storage, analysis and dissemination of exploration data Geomining Consultancy Resource estimation, Detailed Project report Surveying: Mine survey, face mapping and stockpile calculations Mineral Testing: Test sample preparation equipment, Mineral test equipment, In Motion/On Belt mineral analysers Drilling
Issues and challenges Regulatory framework Foreign investment Other regulations Governance and transparency Business environment Legal system Financial system Access to information Land ownership Labour Education and skills levels Infrastructure Power Transport Telecommunications Property residential, commercial, industrial Environmental and social issues Photo: Mining Examiner; Myanmar Ministry of Mines
Austrade s value add Building local networks within the Australian & Myanmar business communities Advice and services to Australian companies Market information and insights Customer opportunities Badge of Government - Advocacy
Events in Myanmar (and ASEAN) Austrade Calendar 2015-2016 - Resources - Education - Food and or Agribusiness 4 th Education Agents Workshop - Health or Infrastructure - On line - External activity Health ETS mission to Medical Trade Show 3 rd Education Agents Workshop Australia Alumni Launch Event METS mission to Mining Myanmar Australia Myanmar Institute Conference Guidance Counsellor Outreach Australia Future Unlimited Education Exhibition (AFUEE) Future Unlimited Mini Exhibition (Mandalay) Architectural/Design Networking Event Australia Day Event Australian Culinary Journey - Food Service promotion Buyer visit to Food and Hotel Asia (Singapore) Food Safety Seminar linked to Food and Hotel Myanmar JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Why ASEAN and why now - events SYD, MEL Myanmar Market Insights Webinar (Resources Focus) Mining Opportunities Roadshow (PER, SYD, MEL, BNE) Myanmar Market Insights Webinar (Education Focus) Guidance Counsellor Inwards Mission (SYD, MEL, BNE) Australian Events * Major events in bold boxes
Austrade in Myanmar Ross Bray Senior Trade Commissioner Address: Australian Embassy 88 Strand Road, Yangon Tel: +95 1 251 810 ext. 232 Fax: +95 1 246 159 Mob: +95 9 421 113 395 Email: Web: ross.bray@austrade.gov.au www.austrade.gov.au/export/export-markets/countries/myanmar/market-profile