The National Unity Government (NUG) announced that the mining rights of two Mogok gem mining blocks would be available for ten years at the price of US$200,000 each.

NUG invites investors for a bilateral investment plan with them in Mogok gem mining site for Myanmar Spring Revolution fundraising. The investors will get the mining rights in these blocks.

Currently the NUG is offering the two blocks in this plan at Bawlongyi mining block No. 1 and Dattaw mining block No. 2. The announcement says that the investors will own 49% and the government will own 51% shares and the terms of these mining rights are ten years.

NUG’s ‘Early Partnership Programme’ says that the potential income of this block is US$10 million and the investors need only US$235,200 for mining rights at this block. The investors will be able to start work on completion of the Spring Revolution.

Currently, the NUG and People’s Defence Forces are fighting to eject the military from power.

NUG Minister of Planning, Finance and Investments, Tin Tun Naing, said that his government invited all investors at home and abroad for gem mining.

The gem mining previously benefited only a handful of people under the successive dictator governments and now they were working for the interests of the people, he added.

Minister Tin Tun Naing said that his government had received over US$100 million in fund-raising for Spring Revolution by selling treasury bonds, real estate owned by coup leader Senior General Min Aung Hlaing, apartment blocks which would be built on the plots seized by military in Yangon and Mandalay.

Most of this fund is reportedly being used in defence purposes in the Spring Revolution.

Now the NUG is selling natural resources owned by the State in an auction of mining rights blocks for the Spring Revolution Fund.