YANGON, July 26 (Reuters): Myanmar Metals has announced that it plans to sell its 51% stake in Bawdwin silver, lead, and zinc project in Myanmar, citing difficulties in securing financing for the US$300 million project after a coup led to social unrest earlier this year.
Businesses have collapsed in the South-East Asian country ever since the military coup, which prompted widespread protests and strikes. The violence displaced thousands and killed hundreds of civilians.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!