A Myanmar-China joint venture was permitted to build a metal refinery in Loikaw, Kayah State to refine tin-tungsten and wolfram. The project worth US$50 million and will create up to 500 jobs in the state. GISC currently operates a tin-tungsten mine close to the Kayah-Shan state border. Five companies have collaborations with the state-owned enterprise No. 2 Mining Enterprise in Kayah State, with GSIC among them. A total of 400 tonnes has been produced from October 2018 to June 2019. Daw May Myo Zaw, Kayah State DICA secretary said the refinery will add value to the mining operations in the state as refined metals were more valuable and fetch higher prices than raw ones. According to the last year report by the state, there were opportunities for investments in the extractive industries, particularly refineries, targeting the export markets.
Source: The Myanmar Times
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