(A) Foreign Joint Venture operations.
(1) Cornerstone Resources (Myanmar) Ltd.
Cornerstone Resources (Myanmar) Ltd. is situated in LonghKeng track, Mong Pawn township, southern Shan State and singed the (20)years term of the Production Sharing Contract with No.(1) Mining Enterprise on (12.10.1999). The company has been producing(27228)tonnes of Zinc Ore up to December, 2014, upon which US$(0.260) million for Royalty and US$ (2.519) million for ME-1fs share were paid to the government. At present,Cornerstone Resources (Myanmar) Ltd. is establishing the Electrolytic Zinc Plant at Mangpyin track, Lashio township, Northen Shan State and producing Zinc ingot for domestic use.
Cornerstone Resources (Myanmar) Ltd,Electrolytic Zinc Plant.
(2) GPS Joint Venture Co.,Ltd.
GPS Joint Venture Co.,Ltd. is situated in Bawsaing track, Kalaw township, Taunggyi district, southern Shan State and the Large scale Production Sharing Contract with ME-1fs, was signed on (4.2.2014) and produced (9749.73) metric tons of Lead concentrates up to December,2014. (7000)tonnes of lead concentrates were exported and upon which US$ (183250.40) for Royalty and US$( 593731.296) for ME-1fs share were paid to the government.
Lead Ore Concentrating Plant, GPS Joint Venture Co.,Ltd.
(3) Mwetaung Ferro- Nickel Project.
North Mining Investment Company Ltd. has proposed and negotiated for the production of Ferro- Nickel concentrates from low grade Laterite Ore, at Mwetaung track, Teetain township, Chin State and Sagaing division.
The Location of Mwetaung Nickel Project.
(B) Large Scale Local Joint Venture Enterprises.
(1) Win Myint Mo Industrial Co.,Ltd..
Namtu-Bawdwin mine, situated in Namtu township, Kyaukme district, northern Shan State,was transferred to Win Myint Mo Industrial Co.,Ltd by signing of the Lead, Zinc concentrate Production Sharing Contract on (5.1.2010) and the term of the Contract is (15)Years. With effect from the commencing of commercial production, the company produced (3907.1) tonnes of Lead concentrates, (1592.12) tonnes of Zinc concentrates up to December 2014, upon which (2125.25) tonnes of Lead concentrates and (905.8) tonnes of Zinc concentrates were exported, US$ (0.114) million for Royalty and US$ (1.389) million for ME-1fs share, were paid to the government.
Lead Zinc Ore Concentrating Plant, Win Myint Mo Industrial Co.,Ltd.
(2) Top Ten Star Production Co.,Ltd.
Bawsaing mine located in Kalaw township, Taunggyi district, southern Shan state, was transferred to Top Ten Star Production Co.,Ltd. by signing the Lead concentrates Production Sharing Contract and the term is (10)years. The company produced(2165.20)tonnes of Lead concentrates up to December 2014 from its commencement of commercial production and (2165.20) tonnes were exported. US$ (19063.48) for Royalty and US$ (184914.96) for ME-1fs share were paid. The company cooperatively established a Lead Ore Concentrating Plant with Ruli Zhiseng Import and Export company Ltd and is producing lead concentrates.
Lead Ore Concentrating Plant, Top Ten Star Production Company Ltd.
(3) Linn Pyae Mining Co.,Ltd.
YadanarTheingi mine, situated in Naung Cho township, KyaukMe district, northern Shan state, was transferred to Linn Pyae Mining Co.,Ltd by signing the Lead concentrate Production Sharing Contract on (1.5.2010) and the term of the contract is (10) years. The company produced (374) tonnes of lead concentrate from itfs commencement of commercial production up to December, 2014. (130) tonnes of produced lead concentrates were exported and US$(1259.70) for Royalty and US$(12219.09) for ME-1fs share were paid to government. Now, it is being proceeded to amend the Contract in which to increase production targets by extending some mine lease areas and renovating the concentrating plant in place of the former plant building which has been written off.
(4) Mayflower Mining Enterprise Ltd.
Situated in Mawkhi- Walei track, Myawaddy township, Kayin state and entered into Production Sharing Contract with ME-1 on (11.8.2000) and the term of the Contract is (15) years. There were (33770) tonnes of Zinc Ore production up to April, 2004 from its commencement of production and (16000) tonnes were exported, US$ (30720) for Royalty and US$ (297984) for ME-1fs share have been paid. Because of the difficulties in production and lack of regional stability, it is proceeding to the termination of Production Sharing Contract.
(5) Thabyu Mining Co.,Ltd.
Thabyu Mining Co.,Ltd. is situated in Thabyu track, Kyarinnsaikkyi townhsip, Kayin state and signed the Production Sharing Contract of Antimony concentrates production with No.(1) Mining Enterprise on (12.12.2001) and the term of the Contract is (7) years. 3 times of (1)year extension Contract and 1 time of (5) years extension Contract have been proceeded and the term of the Contract is up to (3.6.2018). (7610) tonnes of high grade Antimony concentrates and (9227) tonnes of Low grade Antimony concentrates were produced up to December,2014. (7315) tonnes of high grade Antimony concentrates and (4605) tonnes of low grade Antimony concentrates were exported. US$ (274521.99) for Royalty and US$ (2193221.87) for ME-1fs share were paid to the government.
(6) Htoo International (Electram) Mining Co.,Ltd.
Htoo International (Electram) Mining Co.,Ltd. is situated in Kandawyan track, Waingmaw township, Myitkyinar district, Kachin state and entered into Iron ore Production Sharing Contract with No.(1) Mining Enterprise on (21.12.2009). The term of the Contract is (10)years. (50666.22)tonnes of Iron ore were produced up to December,2014 from its commencement, on which (40000) tonnes, Royalty and ME-1fs share were paid.
(7) Myanmar Economic Holdings Limited.
No.(1)Mining Enterprise and Ivanhoe Myanmar Holdings Ltd. cooperatively established the Myanmar Ivanhoe Copper Company Limited in Sabetaung, Kyisintaung project and is carrying out the Cathode Copper productions of (266742) tonnes of Cathode Copper from the year 1998-1999 up to December 2010- 2011. The date(31.12.2010) was fixed as Cut- Off Date and ME-1s shares were transferred to Myanmar Economic Holdings Ltd by the price of US$ (100) millions and Ivanhoe Myanmar Holding Ltds shares were transferred to Yang Tse Mining Ltd, the Peoples Republic of China by the price of US$(100)million. Myanmar Economic Holdings Ltd and Yang Tse Mining Ltd cooperatively established a Myanmar Yang Tse Copper Ltd. in Sabetaung Kyisintaung project is and continually carrying out the Cathode Copper productions. Mineral exploration, Feasibility study and large scale production permit for Letpadaung taung Copper Project, was issued to Myanmar Economic Holdings Ltd. On (5.3.2010). The Contract between the Myanmar Economic Holdings Ltd. and Wanbao Mining Ltd. was amended on (24.7.2013) in accordance with the advice of Letpadaung taung Copper Project Investigation Commission and ME-1 was entering to that amended Contract as one of the party. The Production Sharing ratio is 51 % for the government and 49 % for the companies. At present, it is in the development period and commercial production is not commenced yet.
The Location of Sabetaung, Kyinsintaung Project.
The Location of LetpadaungTaung Copper Project.
Cathode Copper produced by Myanmar Yang Tse Copper Limited.
Ministry of Mines
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