Myanmar signs gold contract

Myanmar signs gold contract

YANGON (Reuter): Myanmar's Ministry of Mines and the Pacific Arc Exploration Co of Australia have signed production sharing contracts on exploration of alluvial gold deposits in Myanmar, official media reported yesterday.

Under the contracts signed in Yangon on Tuesday, the state- owned Burmese No.2 Mining Enterprise and Pacific Arc Exploration will carry out exploration of deposits in the Irrawaddy valley at Mansi, central Burma.