Myanmar, China agree on Ferronickel production in Mandalay and Sagaing
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NP News - Dec 1
Myanmar’s Ministry of Natural Resources and Environmental Conservation (MNREC) and a Chinese Company have agreed on the covenant for manufacturing of #ferronickel in Mandalay’s Thabeikkyin township and Sagaing’s Tigyaing township, according to the information released by the State Administration Council.
No (1), Mining Enterprises of the MNREC and #Myanmar CNMC Nickel Co., Ltd (M CNICO) of #China made the contract. Profits will be shared proportionally between the two sides.
A joint management committee (JMC) has been established with four representatives from the Chinese company and five representatives from Myanmar to formulate the project, according to the ministry’s information.
Sagaing Region is the territory where most terror plots occurred in the so-called armed-resistance revolution.