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Burma Mining Bill With Parliament, May Be Law by March 2012

2 October 2013

Burma’s new mining law, designed to help clear the way for foreign investment in the country’s huge minerals sector, could be enacted as soon as March next year, an official with the Ministry of Mines said on Wednesday. The ministry submitted a draft of the new mining law to Parliament on Oct. 1, said Aung Thuyein Win, a director at the ministry. “We hope that parliament will approve it within three months,” he said on the sidelines of a conference in Singapore, adding that after approval by parliament and the president, lawmakers would have 90 days to enact the law. That means it could be law by March, updating legislation dating from 1994. —Reuters