MYANMAR GOLD MARKET COLLECTION JULY 2018

8/5/2018 Myanmar gold exports could rise to 20 T in 2019 -industry official | Reuters
https://in.reuters.com/article/myanmar-gold-exports/myanmar-gold-exports-could-rise-to-20-t-in-2019-industry-official-idINL4N1UV030 1/5
Top News Detained in Myanmar North Korea Reuters Investigates Tech The Wider Image Syri
ASIA
AUGUST 4, 2018 / 2:10 PM / UPDATED A DAY AGO
Myanmar gold exports could rise to 20 T in 2019 -industry
official
Reuters Staff
KOCHI, India, Aug 4 (Reuters) - Myanmar could export as much as 20 tonnes of gold in 2019
after the Southeast Asian country earlier this year permitted exports of the precious metal for
the first time in five decades, a senior industry official said on Saturday.
A pick-up in legal exports will reduce the smuggling of gold to India, China and Thailand, and
allow Myanmar to earn revenue from the mining and refining of the metal, said Marcus Loke,
senior consultant at Myanmar Gold Development Public Co Ltd, commercial arm of Myanmar
Gold Entrepreneurs Association.
“If everything goes well, Myanmar can export 10 to 20 tonnes of gold next year,” said Loke on
the sidelines of the India International Gold Convention in the southern Indian city Kochi.
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8/5/2018 Myanmar gold exports could rise to 20 T in 2019 -industry official | Reuters
https://in.reuters.com/article/myanmar-gold-exports/myanmar-gold-exports-could-rise-to-20-t-in-2019-industry-official-idINL4N1UV030 2/5
Myanmar allowed exports of gold earlier this year, but so far the country has sold only a few
kilograms to China as exporters were struggling to get quality certiﬁcates from assaying
laboratories, he said.
China is the world’s biggest consumer of gold followed by India.
“Myanmar was mining gold for centuries. There are numerous small producers now, but they
lack scale and standardization. That’s why we are seeking foreign investment,” Loke said.
The government of Aung San Suu Kyi is opening Myanmar’s economy and trying to woo
overseas investors to boost economic growth.
The country has untapped reserves of 1.3 billion tonnes of gold ore and so far around 5
percent of the total have been exploited, Loke said. (Reporting by Rajendra Jadhav; Editing by
Tom Hogue)
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8/5/2018 Myanmar to export around 20 tonnes of gold in 2019: Industry officials - Eastern Eye
https://www.easterneye.biz/myanmar-to-export-around-20-tonnes-of-gold-in-2019-industry-officials/ 1/3
MYANMAR TO EXPORT AROUND 20 TONNES
OF GOLD IN 2019: INDUSTRY OFFICIALS
August 4, 2018
The Southeast Asian country, Myanmar is likely to export as much as 20 tonnes of gold
in 2019 after it allowed to export the yellow metal earlier this year for the rst time in
the last 50 years, a gold industry o cial from Myanmar said here at Kochi, a coastal city
in Southern India on the sidelines of the 15 India International Gold Convention on
Saturday (4).
Earlier, restrictions on gold exports from Myanmar reportedly resulted in smuggling of
the precious metal to India, China, Thailand, and other neighbouring countries. As of
now, in the absence of export restrictions, the country can export the bullion commodity
to other countries legally and earn revenue by mining and re ning the precious metal.
Marcus Loke, Senior Consultant at Myanmar Gold Development Public Co Ltd, a
commercial wing of Myanmar Gold Entrepreneurs Association said in the 15 India
International Gold Convention that, Myanmar can export 10 to 20 tonnes of gold next
year if the things move according to their expectations.
Myanmar is to export around 20 tonnes of gold for the first time in the last fifty years
th
th
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8/5/2018 Myanmar to export around 20 tonnes of gold in 2019: Industry officials - Eastern Eye
https://www.easterneye.biz/myanmar-to-export-around-20-tonnes-of-gold-in-2019-industry-officials/ 2/3
Radhakrishna N S
https://www.easterneye.biz/
This year, Myanmar exported only a few kilograms of gold to China amid concerns over
the quality of the precious metal produced in the country in the beginning of current this
calender year.
Myanmar has its own traditional techniques to mine gold for centuries. However, these
traditional techniques lack good standards and unable to produce good quality gold
which suits international requirements, experts said. As of now, Myanmar has untapped
1.3 million tonnes of gold reserve out of which 5% of the total reserve has already
exploited by legal and illegal mining activities.
More than 400 delegates from India and abroad representing di erent branches of gold
industry, bullion traders, nancial companies, industry experts are participating in the
three day long 15th India International Gold Convention which scheduled to conclude on
August 5.
As many as 11 bullion banks, more than 30 international and domestic re ners, well
known domestic and international jewellery manufacturers, o cials from Canada, Peru,
Ghana, Myanmar, and countries are to be participating in the convention.
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8/5/2018 ◌ျမ ာ ေ◌ရႊတငိ ႔မႈ ၂၀၁၉ မွာ တ ် ိန္ ၂၀ ႐ွိလာႏ◌ိင္
https://burmese.voanews.com/a/myanmar-gold-export-20-ton-/4513957.html?ltflags=mailer 1/2
ျမန္မာ
ျမန္မာ ေရႊတင္ပို႔မႈ ၂၀၁၉ မွာ တန္ခ်ိန္ ၂၀ ႐ွိလာႏိုင္
05 ၾသဂုတ္ ၊ 2018
ဗြီအိုုေအ (ျမန္မာဌာန)
ျမန္မာႏုိင္ငံဟာ ၂၀၁၉ ခုႏွစ္မွာ ေရႊတန္ခ်ိန္ ၂၀ အထိ တင္ပို႔ႏုိင္ေျခရွိတယ္ လို႔ ေရႊထုတ္ လုပ္ေရာင္းဝယ္ လုပ္ငန္းထဲက
အႀကီးတန္း တာဝန္ရွိသူတဦးကို ကိုးကားၿပီး ႐ိုက္ တာသတင္းတပုဒ္မွာ ေရးထားပါတယ္ ။
ေရႊ ျပည္ ပတင္ပို႔တာကို ျမန္မာႏုိင္ငံမွာ ႏွစ္ေပါင္း ၅၀ ၾကာ ပိတ္ ပင္ထားၿပီး တဲ့ ေနာက္ ဒီႏွစ္အေစာပိုင္းကမွ ျပန္ဖြင့္ေ
ပးလုိုက္ တာပါ။ ဒါေပမဲ့လည္ း အရည္ အေသြးစစ္ေဆးတဲ့ ဓာတ္ ခြဲခန္းေတြကေန အသိအမွတ္ ျပဳလက္ မွတ္ ေတြရဖို႔ ျမန္
မာ့ ေရႊလုပ္ငန္းရွင္ေတြ ႀကိဳးစားေနရတာေၾကာင့္ အခုခ်ိန္ထိဆိုရင္ တ႐ုတ္ ႏုိင္ငံ ကို ေရႊအေလးခ်ိန္ ကီလိုဂရမ္အနည္ းင
ယ္ ပဲ တင္ပို႔ႏုိင္ပါေသးတယ္ ။
“အစစအဆင္ေခ်ာတယ္ ဆိုရင္ေတာ့ ျမန္မာႏုိင္ငံအေနနဲ႔ ေနာက္ ႏွစ္မွာ ေရႊ ၁၀ တန္ကေန တန္ ၂၀ အထိ တင္ပို႔ႏုိင္ေျ
ခရွိပါတယ္ ” လို႔ အိႏိၵယႏုိင္ငံေတာင္ပိုင္း၊ Kochi ၿမိဳ႕မွာက် င္းပတဲ့ အိႏိၵယ ႏုိင္ငံတကာ ေရႊညီလာခံျပင္ပမွာ ျမန္မာ့ ေရႊ
လုပ္ငန္းရွင္မ် ားအသင္းရဲ႕ စီးပြားေရးလုပ္ငန္းခြဲျဖစ္တဲ့ ျမန္မာ ေရႊ ဖြံ႔ၿဖိဳး တိုးတက္ ေရး အမ် ားပိုင္ကုမၸဏီလီမိတက္ ရဲ႕ အႀ
ကီးတန္းအၾကံေပးပုဂၢိဳလ္ Marcus Loke ကေျပာတယ္ ဆုိၿပီး ႐ိုက္ တာသတင္းမွာ ေရးထားပါတယ္ ။
ျပည္ ပကို တရားဝင္တင္ပို႔တာ တိုးလာတယ္ ဆိုရင္ အိႏိၵယ၊ တ႐ုတ္ နဲ႔ ထိုင္းႏုိင္ငံေတြကို ေရႊခုိးထုတ္ ေနတာေတြ ေလ် ာ့
သြားမွာျဖစ္ ၿပီး ေရႊတူးေဖာ္ သန္႔စင္တဲ့ လုပ္ငန္းကေန ႏုိင္္ငံအတြက္ အခြန္ေငြရလာမယ္ လို႔ Marcus Loke ကေျပာပါ
တယ္ ။
“ျမန္မာႏုိ္ င္ငံမွာ ေရႊထုတ္ လာတာ ရာစုႏွစ္ေပါင္းမ် ားစြာ ရွိေနပါၿပီ။ ေရႊလုပ္ငန္းရွင္ အေသးေလးေတြ အမ် ားႀကီးရွိပါတ
ယ္ ။ ဒါေပမဲ့ ပမာဏေသးၿပီး စံႏႈန္းသတ္ မွတ္ တာလည္ း အားနည္ းပါတယ္ ။ ဒါေၾကာင့္ ႏိုင္ငံျခားရင္းႏွီးျမႇဳပ္ႏွံမႈရဖို႔ ႀကိဳး
စားေနပါတယ္ ” လို႔လည္ း Marcus Loke ကေျပာပါတယ္ ။
ျမန္မာႏုိင္ငံမွာ မတူးေဖာ္ ရေသးတဲ့ ေရႊ႐ိုင္းတန္ခ်ိန္ ၁.၃ ဘီလီယံရွိၿပီး အခုခ်ိန္ထိဆိုရင္ အဲဒီထဲက ၅% ပတ္ ဝန္းက် င္ေ
လာက္ ကိုပဲ တူးေဖာ္ ထုတ္ လုပ္ရေသးတယ္ လို႔လည္ း Marchus Loke ကဆိုပါတယ္ ။
ကမာၻေပၚမွာ ေရႊအမ် ားဆံုး ဝယ္ ယူသံုးစြဲတဲ့ ႏုိင္ငံက တ႐ုတ္ ႏုိင္္ငံျဖစ္ၿပီး ဒုတိယကေတာ့ အိႏိၵယႏုိင္ငံျဖစ္ပါတယ္ ။

8/5/2018 ASIA PACIFIC Precious Metals Conference
http://www.asiapacificpmc.com/speakers.html 1/8
Speakers
Home (index.html) / Conference / Speakers
Dr. Paul Fisher
Chairman
LBMA
Ted Tan
Deputy CEO
Enterprise Singapore
Martin Huxley
Chairman
SBMA
Ruth Crowell
CEO
LBMA

Alistair Hewitt
Director
World Gold Council
Albert Cheng
CEO
SBMA
Sunil Kashyap
Head
ScotiaMocatta & FX Asia
Ounesh Reebye
VP, Streaming Operations & Metal Sales,
Wheaton Precious Metals International Limited
Dr. Haywood Cheung
President
The Chinese Gold & Silver Exchange Society

Seth M Phillips
Executive Director
Head of Precious Metals, Paxos
Gordon Cheung
Deputy CEO
Singapore Bullion Market Association
Alex Shaw
Head of Market Development -
Precious Metals, LME
Lianhui NING
Vice GM
Shanghai Gold Exchange
Bart Melek
Director and Global Head of Commodity Strategy, TD Securities
Shivanshu Mehta

Head - Bullion
MCX
Matthew Keen
Managing Director
Responsible Gold Trading DMCC
Huynh Trung Khanh
Managing Director
Vietnam Gold Trade Association
Ermin Siow DER MING
President
Federation of Goldsmiths and Jewellers Association of Malaysia
Gregor Gregersen
Founder and CEO
Silver Bullion Pte Ltd
Nikos Kavalis
Director
Metals Focus

Michael Mesaric
CEO
Valcambi sa
Ryoichi Seki
General Manager
Global Business Development Department, TOCOM
Khin Maung Han
President
Myanmar Federation of Mining Association
Brian Fung
CEO
The Chinese Gold and Silver Exchange Society
Nicholas Frappell
General Manager
ABC Bullion

Darren Ly
Managing Director
LH Group, Cambodia
Thorsten Koras
Executive Director
KORAS
Yuichi (Bruce) Ikemizu
Head of Tokyo Branch Manager
ICBC Standard
Sachin Patel
Senior Director of Metals products
CME Group
Ms Joni Teves
Precious Metals Strategist
UBS Investment Bank
Do Minh Phu

Chairman
Doji Group
Ben Davies
Co-founder
GLINT
Faoro Giovanni
Chairman
IKOI
Neal Johnson
COO
INTL FCStone
Marcus Loke
Senior Consultant
Myanmar Gold Development Public Co., Ltd.
Manish Gavaskar
India Bullion Bankers Association (IBBA)

Scott D. Austin
Executive Sr VP
Everledger
ZHANG Yongtao
Vice Chairman & Secretary General
China Gold Association
© ASIA PACIFIC Precious Metals Conference. All rights reserved.
Home (index.html) Contact Us (contact-us.html) Testimonials (testimonials.html) 

Khin Maung Han
President
Myanmar Federation of Mining Association
Myanmar Gold Development Public Co.,Ltd.
Gold Shops/Goldsmiths
29, Rm 503/A, 5th Flr, Min Ye Kyaw Swar Rd., UMFCCI Tower,
Township :Lanmadaw
State :Yangon Region
Email :mgdpublic2012@gmail.com
01-2314847
http://www.asiapacificpmc.com/speakers.html
http://fegmyanmar.com/about-us/
Marcus Loke (MALAYSIA ????)
Senior Consultant
Myanmar Gold Development Public Co., Ltd.

https://www.youtube.com/watch?v=VV0EBybyrss
https://www.youtube.com/watch?v=hL6Pj1xebr8
https://www.facebook.com/loke.marcus

MYANMAR: GOLD’S LAST FRONTIER
A presentation to the opportunities in the value chain
3-5 JUNE 2018 PARKROYAL on Beach Road, Singapore
A presentation to the opportunities in the value chain
Mr. Marcus Loke
Advisor and Consultant to President, Myanmar Federation of Mining Association
Senior Consultant, Myanmar Gold Development Public Company
CEO, Future Golden Gateway Co., Ltd.

Introduction
The 2 years since the formation of the new government have been a very exciting era
for businesses.
Whether the policies and regulations are new or restructured, they spell a future that
is filled to the brink with vast potential.
Gold specific policies as well as other major policies that are implemented across all
industries, assisted in spearheading the development of the gold sector.
3-5 JUNE 2018
industries, assisted in spearheading the development of the gold sector.
This presentation is the positive result of these cause and effects, and shows the
opportunities to further bring along Myanmar’s long awaited dream of entering the
world precious metals market come into fruition.
2

Recap: Market updates
Update 1 :
Daily spot and deferred deliverable gold
– Total US$66-88 million. (US$6-8+ million spot, US$60-80+ million deferred)
– Annual US$15.77 - 20.02 billion
– Or 360-480+ tons annual domestic transactions
Update 2 :
7 month gold jewelry tax revenue
3-5 JUNE 2018
7 month gold jewelry tax revenue
– Based on 1% commercial tax
– Collect tax revenue of Kyats 16+ billion or US$11.7 million
– Actual sales calculated to US$1.117 billion in 7 months or US$2.02 billion per annum.
– Only gold jewelry, not including gold trade at trading offices or via brokerage.
3

Recap: Market updates (2)
35%
1%
Gold feed
20%
10%
5%
Gold movement
Update 3 :
3-5 JUNE 2018
64%
Scrap Jewelry
Mine
Others (e.g. Pagoda gold recovery from drainage, etc)
4
65%
20%
Jewelry & Others Safekeeping
Religious Medical & Misc

Other significant updates
In a government report, published by South East Asia
Globe, Myanmar has a combine 1.306 billion tons of untapped gold
deposits.
Reports by Canada based Prospectors and Developers
Association, as well USGS, GSI and others have shown that this
figure is just drop in the bucket.
3-5 JUNE 2018 5
figure is just drop in the bucket.
The report published shows only known deposits, and is not
indicative of the entire country.
It is still a fact that not only gold, but other mineral rich areas in the
country remain mainly unexplored.
Image copyright of SE Asia Globe

The value chain
Pre mining
• Prospecting
• Exploration &
Gold Mining
• Large Scale
• Small/Medium
Processing/
Refinery/
International
Gold
Exchange
Mercantile
Market
LBMA GoldKey : Work in progress
Foreign Investor
• Company
registration
3-5 JUNE 2018 6
• Exploration &
Survey
• Feasibility study
• Small/Medium
upgrade
Refinery/
Manufacturing
One Stop Service
Centre (OSSC)
• Export/Import
Market
registration
• Joint Venture /
FDI
Domestic
manufacturer/Retail
End user
Pawn Shop /
Recycled Jewelry
collector / Etc
Export

Opportunities within the value chain
The key areas for opportunities are as follows:-
1. Ministry of Planning and Finance – Department : Myanmar Investment Commission
a) Foreign Investment for Joint Venture and Foreign Direct Investment (FDI) is now feasible with the
liberalization of gold export, as well as the planned future reduction of import taxes and duties to
0% for standard gold and gold of specific types with regards to specific industries. (Myanmar
Investment Commission - MIC)
2. Ministry of National Resources & Environmental Conservation
a) Prospecting permit (Ministry of Natural Resources & Environmental Conservation - MoNREC)
b) Exploration & Survey permit (MoNREC)
3-5 JUNE 2018
b) Exploration & Survey permit (MoNREC)
c) Feasibility study permit (MoNREC)
d) Large Scale mine production permit up to 50 years. (MoNREC)
e) Small to Medium mine production upgrade to large scale permit (MoNREC)
f) Processing/Refinery permit (MoNREC)
g) Trading and Selling permit (MoNREC)
h) Integrated operations permit-for multiple permits in one, previously needed to apply individually.
(MoNREC)
7

Opportunities within the value chain (2)
3. Ministry of Commerce
a) Large scale retail and wholesale for Foreign JV or FDI (Ministry of Commerce)
b) Export of non-pure gold (<24k) in any purity or *form at 1% tax (Ministry of Commerce).
4. Central bank of Myanmar & Ministry of Planning and Finance- Departments : Inland Revenue Department
a) Export of *pure gold (24k) at 0% tax (Ministry of Planning and Finance/Inland Revenue
Department/Central Bank).
5. Gold value added industry open for investment, participation and partnership.
3-5 JUNE 2018
5. Gold value added industry open for investment, participation and partnership.
6. Myanmar Gold & Precious Metals Exchange open for investment, participation and partnership. (Planning
stage)
7. Myanmar Gold Mercantile Exchange open for investment, participation and partnership. (Planning stage)
8

Summary
There are many other ways, besides those shown here to participate in Myanmar’s
new climate for gold.
Unfortunately it is not possible to indicate expansively what the details are in a limited
time.
Hence we welcome you to visit us in Myanmar, so as to have a much further in depth
discussion.
3-5 JUNE 2018
discussion.
9

8/5/2018 Myanmar’s Gold Market - Singapore Bullion Market Association
http://www.sbma.org.sg/myanmars-gold-market/ 1/3
Like many Asian countries, gold is a popular investment and used as a store of wealth in Myanmar,
particularly as a slowdown in other areas of the economy, including the property market, are pushing local
investors to invest in gold. The gold market in Myanmar is very liquid, but it is illegal to export Myanmar
gold.
The supply chain in Myanmar comprises wholesalers, providers, jewellers, retailers, miners and re ners,
including four major re ners and 25 small re ners, with wholesale markets located in Yangon and
Mandalay. Three associations support the supply chain: Myanmar Gold Development Public Company,
Myanmar Gold Entrepreneurs Association, and Yangon Gems & Jewellery Entrepreneurs Association.
However, the infrastructure for gold trading is still not developed. Many activities, including settlement
procedures, are currently not regulated. Re ning levels are also below international standards (the quality
gold is typically 99%, not “Four Nine”). As standaridisation is not strict, the purity of gold varies depending
on source.
The distribution of gold demand is as follows – store of wealth: 55%; jewellery: 40%; industrial: 5%.
The wholesale market in Yangon, located at 42 Shwe Bhone Thar Street, managed by the Myanmar Gold
Entrepreneurs Association.
All market players ( oor traders) are members of the Myanmar Gold Entrepreneurs Association. The
association has about 300 members, who pay a membership fee of 500,000 kyat (US$382) per year. All
trades are done by open outcry on the oor. There is no booth, and a pit only on the oor. Traders use
mobile phones to contact external parties and as there is no proper clearing system, trades are not
recorded. As such, a lot of the traders work on the basis of trust. Settlement takes place physically in
another location by COD.
Myanmar has an independent gold market, so gold prices are not necessarily determind by international
prices. However, trading prices closely re ect international market prices, and it appears that traders refer
to international spot prices at the time of opening as a benchmark, converting it to local units and currency.
Besides, international news broadcast on TV gives local players an idea of the international market, which
in uences trading decisions. During our visit to the Myanmar Gold Entrepreneurs Association, there was a
power failure, but surprisingly, trading continued under such conditions.
18 July 2018
律政部：反洗黑钱及打击反恐融
资宝石和贵金属交易将受更严格
监管
Read more
17 July 2018
MinLaw – Strengthening AML-
CFT Regulation for PSMD
Sector
Read more
19 June 2018
2nd Asia Paci c Precious
Metals Conference Highlights
Read more
19 March 2018
Singapore Bullion Market
Association (SBMA) Appoints
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2 June 2017
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Gold bar retail market
Retail gold bars are traded in Myanmar using local scales: Kattha (Ticals) = 16.3293 g, Petha = 1.02058 g,
Yway lay = 136.078 mg, and the local currency (kyat). Transactions may not be entirely transparent, and
prices may di er among shops and in di erent regions. Three brands are prominent in the market, namely,
Academy, Aung Thamradi and Ba Than.
Investment in mining
The Myanmar government encourages foreign and local investors to invest in the mining sector, subject to
5% royalty upfront and a production sharing of about 30% of net output. Investors can enter a mining sector
with a foreign direct investment or through a joint investment with a local company. Besides this, the
Myanmar government also encourages the establishment of re nery plants as well as smelters with the
latest technology. Investment information details are at the Ministry of Mines website
(http://www.mining.gov.mm/).
The size of the gold mining market is anybody’s guess. There are currently 5 to 6 blocks of large-scale
mining rights granted to a few big companies at Waphyutaung Area, Yamethin Township, Mandalay Region.
Collectively, they could be around 5-10 tonnes of output annually. There are about 472 small-scale mining
companies registered with the Mining Ministry.
Myanmar Gold Development
Myanmar Gold Development (MGD), the commercial arm of the Myanmar Gold Entrepreneurs Association
(MGEA), was set up on 27 June 2012, with an authorised capital of 1 trillion kyat (US$1.1 billion). Shares will
be sold for 100,000 kyat each and investors who buy at least 250 shares are eligible to sit on its board of
directors. MGD currently has 12 shareholders.
MGD was set up to prepare for new foreign direct investment by bringing together small and medium-
sized enterprises into a public company, Chairman U Khin Maung Han said at its launch in 2012. He said
that MGD would also increase public investment opportunities, boost the economy and increase the
number of opportunities for the mining industry to work with foreign companies to improve its capabilities.
MGD has been active in trying to build a modern gold trading mechanism for the Myanmar gold market
that would service the gold mining sector and help the central government to account for local gold
production with a proper export channel.
In 2017, after a long period of overseas market visits and consultation, MGEA advised the government to
create a central trading platform. Known as the Myanmar Gold Market Centre (MGMC), the platform aims to

improve the quality of gold products and bring pricing in line with international standards.
While the MGEA will restrict trading to local investors initially, it has publicly announced an interest in
bringing in foreign investors at a later stage.
Physical gold transactions in Mandalay and Yangon are currently not tightly regulated and are self-
regulated by the two respective associations, with no strict standard on locally produced gold.
Advancements are set to be made in various areas to raise the level and standards of trade. The intention is
to put o cial trademarks on gold bars, and MGEA is pressing the government to regulate taxes on gold, all
of which will aid the development of the initiative of creating a vibrant domestic gold market.
The numerous hurdles to the development of the gold market mostly mirror those faced by the Yangon
Stock Exchange, such as raising accounting standards, following international best practices, recruiting
experienced technical sta and local traders, as well as recruiting enough market participants, but these
are steps in the right direction.
Note: The current infrastructure and supply chain for gold are for domestic trading only as the import and
export of gold are currently prohibited under the laws of Myanmar.
Wholesale market speci cation
Trading hours 11:00 – 16:30
Minimum trade unit: 1 bar = 10 Kattha (Ticals) = 163.293 g
Normal trade size: 1 to 5 bars
Volume of a day trade is about 1 tonne.
US$1 = 1,186 kyat (22 July 2016)
International 1 oz = US$1,327
Myanmar 1 oz = US$1,322
Economic Data (2014)
Population: 51 million
GDP: 8.5%
GDP/P: US$$1,228
CPI: 5.9%
Exports: US$11 billion
Imports: US$16 billion
Foreign reserves: US$5 billion
Source: FOCUSECONOMICS
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Mining Association Eyes Commodity Market
Author: May Soe San | 24 Aug 2014
| Vol 2 Issue 34
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8/5/2018 Mining Association Eyes Commodity Market | Myanmar Business Today
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Soe Zeya Tun/Reuters
Villagers pan for gold at the Irrawaddy river near the town of Myitkyina in northern Myanmar.
A central mineral market will be established in Myanmar in a bid to eliminate illicit mining products trade and avoid loss of state revenue,
U Khin Maung Han, vice president of Myanmar Federation of Mining Association (MFMA), said.
“We are trying to establish a central market but our association can’t do it alone. We need the government’s help. We want to set up the
market by this year.”
The market aims at fetching good prices for mining extracts and creating awareness for value-added mining products domestically, U
Khin Maung Han said, adding that the market will curb illegal mining products trade, increase state’s revenue and help collect accurate
data on mining products in Myanmar.
The market is also seen as a platform to integrate Myanmar in cross border mining products trade as the ASEAN Economic Community
(AEC) comes into effect in 2015. To implement such market, the association will have to establish links with the global commodity supply
chain, experts say.
“This has been attempted for a long time. Now they are doing this as they think the time is right. However, when foreign players come
in, local industries will not be able to compete and will have to seek government protection,” U Sein Myint, a former official at the
Ministry of Mining, told Myanmar Business Today.
Myanmar is currently trying to become a full member of the Extractive Industries Transparency Initiative (EITI), which aims to ensure
more transparency in how a country’s natural resources are governed and full disclosure of government revenues from its extractive
sector.

8/5/2018 Gold industry hopes to see central market in 2017 | The Myanmar Times
https://www.mmtimes.com/business/24493-gold-industry-hopes-to-see-central-market-in-2017.html 2/7
Gold industry hopes to see central market in 2017
Chan Mya Htwe 11 Jan 2017
An employee holds gold bars at South Korea’s gold exchange. Myanmar’s gold industry has long wanted its own centralised market for
gold trading. Photo: EPA
Gold industry hopes to see central market in 2017
Gold industry figures are hoping this will be the year when plans for a central gold market finally come to fruition, although
fundamental decisions about the project have yet to be made.
U Kyaw Win, general secretary of Myanmar Gold Entrepreneurs Association, said he hopes to see a Yangon-based central gold market
established in 2017. But similar optimism from government officials at the start of 2016 proved misguided.
Vice chair of the Myanmar Federation of Mining Association U Khin Maung Han told The Myanmar Times last January that 2016 would
see Myanmar’s first official market for gold and metal trading open. But specifics of how the market will operate let alone its location
remain unclear.
U Kyaw Win told The Myanmar Times it has yet to be determined whether the market will be an exchange where trading is based around
standard units with set rules on matters such as delivery, or an over-the-counter market where buyer and seller are free to design their
own transactions.
There has been progress however. Negotiations between gold trading companies, industry bodies and relevant ministries have resulted
in draft rules and regulations for gold trading. U Kyaw Win told The Myanmar Times that the Ministry of Commerce is now working on
the third and hopefully final draft, although he could not give further details.
The Myanmar Gold Entrepreneurs Association first sent its plans for a central market to the commerce and finance ministries back in
2015. Among the advantages of such a market would be the ability to trade gold electronically or through certificates without the need to
holding the actual metal.
Industry figures making the argument for a central market have also pointed to countries like China, where they say official exchanges
for gold trading have reduced illegal trading and smuggling.

8/5/2018 Gold industry hopes to see central market in 2017 | The Myanmar Times
https://www.mmtimes.com/business/24493-gold-industry-hopes-to-see-central-market-in-2017.html 3/7
Myanmar Gold Development Public Company Limited, which was set up by the gold entrepreneurs association, will be in charge of
setting up the exchange, said U Kyaw Win. But the ministries of commerce, home affairs, natural resources and conservation, planning
and finance and the Central Bank are all involved in the consultations.
“We can’t create the exchange just among us entrepreneurs,” he said. “We can’t lay down policy, only the state can provide that. If the
[relevant government departments] help us then the market will appear sooner or later.”
The central exchange would also allow people in other countries to buy gold from Myanmar more easily, but the commerce ministry first
needs to remove gold from the list of restricted exports, he added.
U Khin Maung Lwin, an assistant secretary at the commerce ministry, told The Myanmar Times on August 2016 that gold would be
removed, along with several other commodities. U Kyaw Win said the removal was likely to occur once the ministry had finished its final
draft of the gold trading rules and regulations.
Other government ministries are also making necessary changes to regulation that they control. U Win Htein, director general of the
Mining Department under the Ministry of Natural Resources and Environmental Conservation, said that the rules and regulations that will
accompany the mining law passed in December 2015 will allow also the sale of gold.
That ministry is also in discussion with the gold entrepreneurs association on creating and monitoring quality standards for gold, said U
Kyaw Win.
Yangon Region Chief Minister U Phyo Min Thein and Mayor U Maung Maung Soe are also supporting the project, he added.
“They will support us by providing a place [for the market] and a YCDC contract,” he said. “They asked us to submit a proposal to them,
and we can say with certainty where the location is once [they have told us].”
U Phyo Min Thein’s office said the minister was unable to comment on the plans for a gold market, and referred questions back to the
Myanmar Gold Entrepreneurs Association.
Translation by San Layy, Khine Thazin Han and Emoon

8/5/2018 Myanmar’s First Gold Exchange Center Takes Shape in Yangon
https://www.irrawaddy.com/news/burma/myanmars-first-gold-exchange-center-takes-shape-yangon.html 1/9
Burma
Myanmar’s First Gold
Exchange Center Takes
Shape in Yangon

By MYO PA PA SAN 5 September 2017
YANGON — Myanmar will have its first official market for gold, gems and metal trading
in its commercial capital Yangon this year, said U Khin Maung Han, chairman of the
Myanmar Federation of Mining Association.
The trade center will be built in Yangon’s Mingalardon Township near Yangon
International Airport, U Khin Maung Han said. The association is in the process of
discussing land acquisition and security matters with the concerned ministries, he said.
“We will build a temporary center near 6th Mile [in Mayangon Township] while the trade
center is being built in Mingalardon. We are establishing an official market for the
trading of gold, jewelry and gold items and metal,” he told The Irrawaddy.
Similar centers will also be built in Naypyitaw and Mandalay, and are expected to be
completed in two years.
The official market will prevent the smuggling of gold and jewelry items and metal, and
will assist the government in identifying the precise number of deals, as well as earn tax
revenues, U Khin Maung Han explained.
“The official market will also encourage gem factories and create job opportunities,” he
said.
 Gold items on sale in a shop in Yangon. / The Irrawaddy

The oﬃcial gold market has been in the works for three years, and various ministries
and agencies, including the Ministry of Planning and Finance, Ministry of Natural
Resources and Environmental Conservation, Ministry of Commerce, Central Bank of
Myanmar, Myanmar Federation of Mining Association and Myanmar Gold Entrepreneurs
have been collaborating in its creation.
“We’ve coordinated with concerned businessmen to open a gold and gems trading
center round the clock throughout the year,” said Union minister for Planning and
Finance U Kyaw Win at the ninth meeting between Vice President Henry Van Thio and
local businessmen.
“Dealings will be made there, taxes will be levied there. They can either export or sell
to local buyers. And related handicraft businesses and other services can be provided
there on a wide scale. Only then, will we have a Myanmar market, and our products will
fetch good prices,” the minister said.
Companies from around 30 countries have expressed their interest in investing in the
oﬃcial gold exchange market, which will be modeled after Shanghai and American
gold exchanges. Myanmar has also signed a memorandum of understanding on
technical cooperation with Singapore’s Gold Market Association.
Translated from Burmese by Thet Ko Ko
Topics: Gold, Investment, Natural Resources, Trade
Myo Pa Pa San
The Irrawaddy
Myo Pa Pa San is Reporter at the
Burmese edition of The Irrawaddy.
Specials
Our Fight For Press Freedom

8/5/2018 About Us | fegmyanmar.com
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About Us
Management & Directors
Mr. Khin Mg Han
Chairman
Khin Mg Han has over thirty years experience in the resource industry. He has
been involved in the formation and management of a number of publicly listed
companies. He is currently a chairman of Future Engineering Group & chairman of nine
Local Companies. He is also a major shareholder in the Company.
Chairman Pro le
I, Khin Maung Han, am a Myanmar Buddhist. I was born on 5th December 1954 in Yangon,
Myanmar. At the time being, I am working as a chairman of Future Engineering Group. My
job experience were oversea contractor (Engineering Firm), General Manager Installation
(Com Dept), Yadanar Project (Kanbouk), Total Myanmar (TMEP), General Manager
(Administration & logistic) of East Asia Gold & Copper Corporation (Canada), Deputy General
Manager (Project Management) (Wattee Gold Mining Project) of MEAGCO (Myanmar
Government & Canada Joint Venture), South East Asia & Paci c Regional General Manager
of Future Engineering Pte,Ltd (Singapore), Chairman of Nine Local Companies, Executive of
Myanmar Aurum Entrepreneurs Group of Companies & Secretary of Gold and Mineral Club
of Sagaing Region.
O ce addresses to contact are:
1. No. 531, Room 805, Ye Ta Khon Tower, Lower Kyi Myin Daing Road, Kyi Myin Daint
Township, Yangon, Myanmar. Tel: +951 908011, 508017, Fax: +951 508012
2. No. 187, 32nd Street, Between 79th & 80th Street, Chan Aye Thar Zan Township,
Mandalay, Myanmar. Te: +952 32177, +959 5119220
Mr. Win Aung Vice Chairman
Mobile : +95 9 858 1344
E-mail:
futureengineeringgroup@gmail.com
Mrs. Khin Than Swe Finance
Director
Mobile : +95 9 519 0677
Select Page
aa

E-mail:
khinthanswai@gmail.com
Mr. Khin Mg Aye
Managing Director (Admin)
Mobile : +95 9 517 9476
Mr. Tin Aung Oo
Managing Director (Operation)
Mobile : +95 9 201 9435
Our Five Focuses
Team Organization
Technology Knowhow
Planning
Investment
Mass Production
Investment Policy of Our Group
1. Objective
Our Group of companies will make investments and implementation mainly in mineral
exploration, mining, construction, trading, administration & logistics services.
2. Strategy
(a) We organize & cooperate our companies in Myanmar to achieve our projects &
businesses in accordance with our objective.
(b) In the near future, we would change our group as public company, and implement
our businesses.
(c) We would invite local & foreign investments and make the projects and businesses
successful in accordance with our policy.
3. Eligible Investment Areas
(a) Gold and other minerals exploration and production
(b) Construction
(c) Trading
(d) Capital contribution
(e) Logistics & Services
4. Forms of Capital Contribution
Forms of capital contribution that can be made as investment are as follow:
4.1 Investment in Mineral Sector
(a). We could only give the information to foreign investors. Detailed technical data
shall be got by cooperating, and we could set up joint venture and do the mining

business together on the basis of the detailed technical data obtained.
(b) Foreign investors could establish joint venture with us by making payment for
the information & detailed technical data which we have contributed.
(c) Foreign investors could establish joint venture with us by investing in the form
of capital contribution to a part of our functioning mine business that has been
priced at a certain value.
4.2 Investment in Other Business
(a) Investors could invest by buying shares of our company that has been sold at a
set price.
(b) If investors would like to invest in our functioning project as a whole, they can
invest by buying the share sets and they can be entitled to get the pro ts from the
project as follows:
(aa) Sharing the pro t from net pro t,
(bb) Sharing the pro t as xed pro t range (Negotiation Percentage)
If investors would like to do other projects owned by our company as joint project, they can
invest by contributing capital investment after forming as investment company in
accordance with Myanmar foreign investment law.
5. For the achievement and success of purposes of our investment group investors are
warmly invited to make investments such as capital contribution, advanced technology and
modernized machines, and could make detailed discussions if they are interested in our
businesses.
After making detailed discussions, if investors would like to cooperate with us,
(a) As rst step, investors must sign memorandum of understanding (MOU)with our
investment group for the mutual bene ts.
(b) As second step, investors should sign agreement letter with our investment group
for the concerning investments.
6. Tax Incentives in Myanmar under the Foreign
Investment Law (For Foreign Investor Only)
Exemption from income tax for 3 consecutive years beginning with the year in which the
operation commences and further tax exemption or relief for an appropriate period in case
if it’s considered bene cial for the State.
The Commission may also grant-
Exemption or relief from income tax on pro t which is reinvested with one year.

Right to pay income tax on behalf of the foreign employees and to deduct the same from
the assessable income of the enterprise.
Right to pay income tax of the foreign employees at the rate applicable to citizens of
Myanmar.
Right to deduct the research and development expenditure.
Right to accelerate depreciation
Right to carry forward and set o losses up to 3 consecutive years, from the year the loss
is sustained.
Exemption or relief from customs duty and other taxes on:-
(a) Imported machinery and equipment for use during the construction period.
(b) Imported raw materials for the rst 3 years commercial production following the
completion of construction.

7. Right to Transfer Foreign Currency
A person who has brought in foreign capital can transfer the following:-
Foreign currency entitlement of him.
Brought inkind capital acceptable with current price.
Net pro t after deducting all taxes and provisions.
Foreign currency permitted for withdrawal by the Commission which may include the
value of assets on the winding up of business.
A foreign employee can transfer his salary and lawful income after deducting taxes and
other living expenses incurred domestically.
Information
Home
About Us
Chairman Message + Our Five Focuses
Geology
Mineral Occurrence Map of Myanmar
Our Business
Mining
TPK_72 Mine Project
Narbu Taung Project

National Future Project
Oil & Gas
Logistics & Services
Construction
Our Services
Geological Exploration
Exploration Drilling
Metal Analysis Service
Contact Us
© Copyright 2017 ~ 2018 by Future Engineering Group Co.,Ltd. | Developed by: Myanmars.NET,
Yangon, Myanmar.

8/5/2018 Chairman Message + Our Five Focuses | fegmyanmar.com
http://fegmyanmar.com/394/ 1/2
Information
I, Khin Maung Han, am a Myanmar Buddhist. I was born on 5th December 1954 in
Yangon, Myanmar. At the time being, I am working as a chairman of Future
Engineering Group. My job experience were oversea contractor (Engineering Firm),
General Manager Installation (Com Dept), Yadanar Project (Kanbouk), Total
Myanmar (TMEP), General Manager (Administration & logistic) of East Asia Gold &
Copper Corporation (Canada), Deputy General Manager (Project Management)
(Wattee Gold Mining Project) of MEAGCO (Myanmar Government & Canada Joint
Venture), South East Asia & Paci c Regional General Manager of Future
Engineering Pte,Ltd (Singapore), Chairman of Nine Local Companies, Executive of
Myanmar Aurum Entrepreneurs Group of Companies & Secretary of Gold and
Mineral Club of Sagaing Region.
Our Five Focuses
Team Organization
Technology Knowhow
Planning
Investment
Research & Development
Select Page
aa

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Home
About Us
Geology
Our Business
Mining
TPK_72 Mine Project
Narbu Taung Project
Oil & Gas
Construction
Our Services
Contact Us
Yangon, Myanmar.

8/5/2018 Management & Directors | fegmyanmar.com
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Mr. Khin Mg Han
Chairman
Khin Mg Han has over thirty years experience in the resource industry.
He has been involved in the formation and management of a number of publicly
listed companies.He is currently chairman of FEG which is composed of nine
companies (eight are in local & one is in Malaysia).
E-mail: khinmghan@gmail.com

Mr. Win Aung
Vice Chairman
E-mail: winaung1955@gmail.com

Mrs. Khin Than Swe
Finance Director
E-mail: khinthanswai@gmail.com

Mr. Kaung Htet Aung
Chief Executive O cer
Mr. Tin Aung Oo
Managing Director (Operation)
Select Page
aa

8/5/2018 Management & Directors | fegmyanmar.com
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Information
Home
About Us
Geology
Our Business
Mining
TPK_72 Mine Project
Narbu Taung Project
Oil & Gas
Construction
Our Services
Contact Us
Mobile : +95 9 5008342
E-mail: kaunghtetaung85@gmail.com
E-mail:
futureengineeringgroup@gmail.com
O ce addresses to contact are:
1. No. 531, Room 805, Ye Ta Khon Tower, Lower Kyi Myin Daing Road, Kyi Myin
Daint Township,
Yangon, Myanmar. Tel: +951 908011, 508017, Fax: +951 508012
2. No. 187, 32nd Street, Between 79th & 80th Street, Chan Aye Thar Zan Township,
Mandalay, Myanmar. Te: +952 32177, +959 5119220

8/5/2018 TPK_72 Mine Project | fegmyanmar.com
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TPK_72 Mine Project
General Remarks
Myanmar is an excellent region for gold exploration/production
Deposits are distributed in a N/S trending zone that coincides with
ophiolitelines, a belt of volcanism. Within these belts are the zones of
hydrothermal activity that gave rise to gold mineralization
Select Page
aa

Future Engineering Group has signed contracts for gold mining in
cooperation with No.(2) Mining Enterprise of Ministry of Mine eight
years ago
MAP SHOWING PRIMARY GOLD & PLACER GOLD DEPOSITS

Mine Site Location
Future Engineering Group
TPK-72, 126 & 127 Mine
Area
About 80 acres (36.42 Hectare) at
TPK_72 mining plot in Thabeikkyin
Township, Mandalay Region. Survey Map
No.93/B-1 Sr 854242 Lat:20º 45′ 48.4″N,
Long:96º 06′ 09.3″ E

Mine Area
Topographic Map
TOPOGRAPHIC MAP OF TPK-72
FUTURE ENGINNERING & GOLD MINING CO.LTD
Major mineralization trend (NE/ SW) with 1.5m thick gold bearing quartz vein

Ore production with shafts M-21, M-1, M, SS and P-7
According to geological data, it was estimated to extract about two million ore tons
(Grade 8 g/ton)
In present production shafts, maximum depth is about 200m and average depth about
100m
Mineralization
Vein type mineralization style is found along the fractures usually within marbles. Gold is
mainly associated with sulphide minerals including pyrite, chalcopyrite, galena and
sphaleritein quartz carbonates gangue mineral.

Stockwork disseminated type hosted by altered gneisses and granitoid associated with
silici cation , clay atteration and sulphites dissemination.
Placer gold occurred as alluvial and eluvial types.
Epithermal gold mineralization was found along Thabeikkyin Pyinmana , yaikhto where
granitoid & high grade metamorphic rocks were formed in the western margin of the
eastern highland.
Images of the Site and Operations
Ore Carry Shaft TPK-72 Mine Area
Adit Worksite Shaft Mining

Underground Mine
Car
Gold In Quartz Vein
Carry to JawCrusher Crushing Stage
Grinding with Ball
Mill
Ore in hopper
Gravity
Concentration Plant
(Shaking Table)
Amalgam Gold
Amalgamation
Barrels
Panning Method

Information
Home
About Us
Geology
Our Business
Mining
TPK_72 Mine Project
Narbu Taung Project
Oil & Gas
Construction
Our Services
Contact Us
Yangon, Myanmar.

8/5/2018 Narbu Taung Project | fegmyanmar.com
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Narbu Taung Project
Project History
National Prosperity Company (NPGPG) has got (6000) acres which was included in the
areas that Ivanhoe company conducted retain survey. NPC has got permission to explore
and extract gold for (25) years by paying 5.5 tons / 5 years.
At the moment FEG and NPGPG have made agreement for gold production at Narbu
Taung area which has 600 acres.
Project Scope
Gold mining, exploration, ore production, drilling, crushing & re ning business at Narbu
Taung Mining Plot (Acres 600 ) being under the large scale area of gold mining project
Select Page
aa

owned by National Prosperity Gold Production Group Company Limited, located at Modi
Momi,Yamaethin Township, Mandalay Region.
About 600 acres at Narbu Taung mining plot in Modi Momi, Yamaethin
Township, Mandalay Region

Mine Site Location

Information
Home
About Us
Geology
Our Business
Mining
TPK_72 Mine Project
Narbu Taung Project
Oil & Gas
Construction
Our Services
Contact Us

Kyaw Win
Visionary Entrepreneur & Investor
Summary
N/A
Experience
Senior Vice President
June 2012 - Present
Managing Director
October 2011 - Present
Executive Committee Member
March 2005 - Present
Committee member in:
- Commercial Laws & Arbitration Committee
- Human Resource Development Committee
- Trade Promotion and Trade Fairs Committee
General Secretary
November 2002 - Present
Founder
January 1994 - Present
Education
Rangoon Arts and Science University
Bachelor of Science (B.Sc.), Physics, 1978 - 1981
Page 1

Kyaw Win
Visionary Entrepreneur & Investor
Contact Kyaw on LinkedIn
Page 2

MYANMAR GOLD MARKET COLLECTION JULY 2018

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