No fast money to be made in 'Golden Land'

摘要

A YEAR ago Myanmar was the hot new destination for resources investors looking to make fast money in the 'Golden Land1 which is rich in minerals including gold, copper, lead, zinc, nickel, tin, antimony and chromite but things have not worked out as hoped with investors filing out as reality has set in, Junior explorers have run into lengthy processing times for prospecting permits and an outdated mining law while commodity prices have fallen, and debt and equity funding markets have dried up.