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Ivanhoe likely to resume mining in December

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Monywa (Mizzima) – Myanmar Ivanhoe is likely to resume its copper mining activities in Monywa next month following suspension of production for a few months, company sources said.

Myanmar Ivanhoe was into copper mining in Sabe hillock and Kyesin hillock near Monywa city in Sagaing Division in collaboration with junta's No. 1 Mining Corporation. It suspended production in August due to lack of explosives and some chemical reagents needed for mining and refining ore. The company has now disclosed that they are likely to resume production next month.

"We suspended our production for about five months due to inadequate supply of explosives and chemical reagents used in processing and refining ore. Now we've got the required raw materials and hope to resume mining in December," an official of Myanmar Ivanhoe told Mizzima.

During the suspension of work, the employees were asked to go on leave with five months' salary.

The company began copper mining in Sabe hillock and Kyesin hillock in Monywa Township, Sagaing Division in 1992. These areas have a lot of copper ore.

(From a Mizzima correspondent inside Burma. Additional reporting by Zarni)
Last Updated ( Wednesday, 19 November 2008 20:27 )  

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