BUSINESS OPPORTUNITIES IN THE MYANMAR MINING SECTOR DEVELOPMENT

– GTK PERSPECTIVE

Gold mining in Myanmar

AGENDA1. GENERAL INFO FROM MYANMAR

2. MYANMAR MINERAL POTENTIAL

3. OVERVIEW FOR GTK’ CURRENT PROJECT IN MYANMAR

4. BUSINESS OPPORTUNITIES IN MINING AND EXPLORATION SECTOR

Golden Pagoda in Myanmar

Myanmar • Developing country

• Developing democracy (new president, government and political agenda)

• Agricultural country

• Around 51 million people (2014)

• Total land area 677,000 km2

• Surrounded by growing economies such as India and China

• Around 2100 km coast line

• Travelling to Myanmar via Thailand

• Liaison Office of Finland in Yangon

Myanmar Mineral Potential• Significant deposits of Au-(±Cu), Zn-Pd-Ag and Sn-W

• Large limestone, marble and possiblynatural stone resources

• Well known source of jade, ruby and sapphire and other gemstones

• Several metallogenic belts run through the country

• Huge exploration potential, but largelyuntested (e.g. no airborne geophysics)

• New Mining Law 2016 (a step in the right direction for Myanmar’s mining industry)

Finland (5)

Myanmar (88)

Fraser Institute ”ranking”

Exploration

Development

Mining

Closure

Life cycle of Mine

Time increase

Risk decrease

Business Opportunities in Exploration and Mining Sector

• Poor knowledge of modern mining and exploration (educational aspect)

• Poor technology including mining equipment and processing technology (strong Chinese influence)

• Problems with mine planning (education and consultation)

• Interest in environmental issues and related business opportunities rising (cleantech).

• Doors still open for business opportunities

Ancient city of Bagan

GTK’s current project in Myanmar

GTK and Myanmar geologists in Bagan, Myanmar

• Sustainable development of mineral resources in Myanmar (2014-2016)

• First bilateral capacity building project at the Ministry of Mines (MoM)

• Financed by MFA, Budget 600 000 €

• Project consists of three main tasks:

1) GIS and information management (main task) � 9 GIS trainees

2) GIS aided geological mapping process

3) Promotion of mineral potential of Myanmar

• Outcome; national geodatabase, 9 trained GIS geologists with developing

English skills, general institutional development, western style of working

Outcome of the current project • Project has created confidential and trustworthy relationships between

GTK and the local partner (MoM)

• Co-operation has opened many ”closed” doors to access the mine

sites around the country

�Observations: Strong need of mining and processing technology (win-win)

• Without strong efforts several projects have started during project:

�Mine developing project with GeoAsia company

�Mine developing project with Delco company

• GeoAsia company visited in Finland 2015 which gave strong influence

for their plans to develop their mine and country

• GTK’s project has showed that Myanmar has huge mineral potential

and Finnish export industry could use that possibility in many sectors if acting fast

Dr. Esko Korkiakoski (GTK) and mine owner (Ya Da Nar Win) in adit

GTK’s new project proposal looking for finance • Using the developed good connections/knowledge with the local

administration and mines, GTK have formulated a new project

idea to support the Finnish mining sector technology exports

� Background: strong need to develop and modernize the mining

industry and its working methods (win-win situation)

• Mining cannot be stopped, but now it is time to make it more

sustainable and environmentally friendly by developing the methods

� Content: Visit operational mines with expert team including

mine geologist/engineer, ore geologist, processing engineer and

environmental expert (MoM permits + experts/trainees)

• Budget 800 000 €, BEAM-funding in collaboration with Finnish compannies

Dr. Esko Korkiakoski (GTK) and mine owner (Ya Da Nar Win) in adit

Thank You !

Hand carved marble dragon