Myanmar mining law draft amendment had been passed by Parliament, will begin the new mining law after 90 days.

Mining Act amendments cover not only traditional industries such as mining, mineral refining, but also for trading and other industry.

Those for large-scale mining licenses will extend from 5 years to 15 years, for small-scale mining licenses to extend from 3 years to 7 years.

Meanwhile, the mineral transaction tax rates have also made the adjustment, according to different trades minerals, tax rates range are from 2-5%