World Economy

Aurasian Minerals in Myanmar

Aurasian Minerals in MyanmarAurasian Minerals in Myanmar

Aurasian Minerals has been granted temporary exclusivity over three licence applications in Myanmar, Proactive Investors reported. The explorer submitted the applications in December for copper, gold and silver. It has now received confirmation they have been registered and that no other company can lodge an application that overlaps the areas they cover. “For the moment our applications are regarded as ‘pending’ due to the current security situation in the relevant areas,” it said. When the areas have been given security clearance, the authorities will process Aurasia’s applications leaving out the jade and gem mining concessions that currently exist over the areas.