Experts call for legal protections as Myanmar prepares to increase mining activity

The Southeast Asian nation of Myanmar is a nation rich with resources, and mining interests are only now beginning to scratch the surface. With this knowledge of early prospects surveyed during Myanmar’s time as a British colony, these often international mining interests are eager to further explore all that Myanmar has to offer. “I don’t think there’s any doubt in anyone’s mind that Myanmar is what they call ‘highly prospective,’ with all the mineral surveys and work that has been done in past times, and seems to indicate that it has a very high level of mineral wealth, a wide range of mineral wealth,” John Hancock, an Australian lawyer and consultant in Myanmar’s commercial center Yangon, told news outlet Voice of America. “All the geology is very promising.”

But is Myanmar ready to enter the mining world full force? It may be very soon—but at the moment, it seems that experts are advising both foreign mining companies and Myanmar communities to take care and build up stronger precautions to ensure that both are legally protected.

As the Voice of America report explains, there is a significant lack of legislature surrounding the mining industry in Myanmar’s government infrastructure—while some constitutional amendments are helping smaller mining companies gain a foothold, at this point the lack of legal protection could leave mining companies vulnerable. On the other end of the spectrum, a lack of protection and communication with local communities in Myanmar has been leading to a critical lack of trust in global mining companies coming into local areas—an issue which has caused friction and even violence where communities feel like their needs and interests are being ignored:

Before mining in Myanmar can be fully functional and successful, both mining companies and the communities they are entering will have to feel safe and accommodated with a true acknowledgment of social responsibility and resource sharing. According to experts, it starts with stronger legal protections and regulations all around.

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[SOURCE: Voice of America]