Abstract: Myanmar is rich in mineral resources, and of potential importance are the deposits of antimony, chromium, nickel, PGM, copper, gold, lead, zinc, silver, tin and tungsten, which form district metallogenic provinces within the six geomor- phic-tectonic units.
Is Myanmar rich in minerals?
Myanmar is rich in minerals, including metal ores, petroleum, and natural gas, and also has significant deposits of precious and semiprecious stones.
What is mined in Myanmar?
Myanmar is endowed with world-class mineral resources including copper, gold, lead, zinc, silver, tin and nickel. … Notable existing mining projects include the Monywa copper mine and Tagauun Taung nickel project.
What are the natural resources in Myanmar?
Today, Myanmar’s natural resources include oil and gas, various minerals, precious stones and gems, timber and forest products, hydropower potential, etc. Of these, natural gas, rubies, jade, and timber logs are the most valuable and currently provide a substantial proportion of national income.
Why Myanmar is rich in natural resources?
Fossil Fuels. Coal, oil, and natural gas all feature prominently in Myanmar’s wealth of natural resources. The most important of these is natural gas, which is estimated to account for 40% of the export of Myanmar.
What animals live in Myanmar?
The country’s highlands are home to elephants, rhinoceros, wild buffalo, wild boars as well as various deer species. Myanmar also houses varying monkey species including gibbons. Reptiles that are found in Myanmar include crocodiles, pythons, cobras and geckos.
Is Myanmar a poor country?
The economy of Myanmar has a nominal GDP of USD $76.09 billion in 2019 and an estimated purchasing power adjusted GDP of USD $327.629 billion in 2017 according to World Bank. … This will make Myanmar one of the poorest countries in Southeast Asia.
What religions are in Myanmar?
Religion is an essential aspect of life in Myanmar and central to conceptions of personal identity. Most of the Burmese population identify as Buddhist (87.9%). However, there are also significant minorities of Christians (6.2%) and Muslims (4.3%), as well as some Animists (0.8%) and Hindus (0.5%).
What is the language in Myanmar?
What are the main exports of Myanmar?
The largest export item is natural gas, which is largely responsible for Myanmar’s economic growth. Other major commodities exported by Myanmar are pulses and beans, wood/forest products notably teak, fish, rice, rubber, clothing/garments, jade and gems.
What products does Myanmar produce?
Rice, pulses and beans, oilseeds, fruits and vegetables, sugarcane, hardwood, marine products are produced in Myanmar.
Which energy resources are most often used in Myanmar?
Most of Myanmar’s electricity (74.7%) is produced by hydroelectricity. The rest is from fossil fuels, with gas as the main fuel (20.5%) followed by coal and oil.
What two gemstones is Myanmar famous for producing?
The regime has a major stake in the gemstone trade through its two large holding companies, which help Myanmar produce approximately 90 per cent of the world’s high-end rubies, along with some of its priciest sapphires. Myanmar also produces massive quantities of jade for China.
Is Myanmar rich in oil?
Oil Reserves in Myanmar
Myanmar holds 50,000,000 barrels of proven oil reserves as of 2016, ranking 76th in the world and accounting for about 0.0% of the world’s total oil reserves of 1,650,585,140,000 barrels. Myanmar has proven reserves equivalent to 1.1 times its annual consumption.
What is the capital of Myanmar?
What led to mismanagement of resources in Myanmar?
The UN’s Food and Agriculture Organisation estimates that Myanmar lost approximately 20% of its forest cover between 1990 and 2010, often owing to illegal logging, land disputes and unchecked agricultural expansion. Common failures explain the mismanagement of these industries.