Shan business association agitates PanAust mining block

Brang Shawng / June 8, 2020

Wuntho 3 ECD Map / PanAust

The Shan National Business Association (SNBA) based in Monywa city of central Burma has raised concern over the government’s recent decision of granting the mining exploration licence to the Chinese State-owned Australia-incorporated company called PanAust, requesting to shrink the exploration area in order to respect the rights of local communities.

The small and medium size businesses owned by the local Shanni communities are not able to apply for mining concession due to the enormous area was granted to a single mining company, according to SNBA statement released yesterday. SNBA urged the government to demarcate the mining area for the local communities within the PanAust mining block in central Burma. We hope the government will facilitate the rights and the interests of the local communities, the statement said.

PanAust announced that the company has been granted a new exploration licence at the end of May, allowing the company to conduct mining exploration at the 750 square-kilometres (185329 acres) block in the area of Wuntho Massif region. The permitted exploration area is located in Sagaing division of central Burma.

PanAust holds the 90% assets of local company called Wuntho Resources Company Limited (WRCL) and joint venture with Myanmar Energy Resource Group International Company Limited (MERG). Wuntho Resources Company Limited (WRCL) holds seven exploration licences that encompass approximately 1,500 square-kilometres (370,865 acres) in that region. The 10% of WRCL is owned by the MERG.

PanAust is an Australia incorporated company of the Guangdong Rising H.K (Holding) Limited, which is a wholly owned subsidiary of Chinese State-owned company Guangdong Rising Assets Management Co. Ltd (GRAM). PanAust Executive Chairman & CEO is a Chinese national Dr. Qun Yang.

PanAust is a copper and gold producer in Laos and early-development opportunities in Laos, Papua New Guinea, Burma and Chile. In 2016, the company previously received exploration licence for three mining blocks in central Burma.