Gemstone MGE 21,392 Exploration, Designated blocks: Scale: Production (under permits production, 1 acre blocks designated by JV 25% govt/75% company Permit Ministry of trading, MOM Competitive tender awarded to – Mines) processing, Up to 50 blocks per company highest bidder 98% private jewellery Competitive tender Up to 50 per permit – companies manufacture, awarded to highest bidder Commercial scale production – 2% JVs retail, export 3 tenure technology and machinery may with MGE and foreign Re-tender required for be used 1,475 renewal 10 years tenure companies in total Discovered blocks: Medium Scale: 1 acre blocks by JV 25% govt/75% company ‘discovered’ applicant Competitive tender awarded to – Application highest bidder 3 years tenure Up to 50 acres per permit Moderately commercial scale production technology and – machinery may be used 5 years tenure JV partnerships (not in law): Small Scale: 40% govt/60% company Application to MOM (MGE) from Application come first that do not need – ‘first ‘businesses served’ much capital’ evaluated and 5 years tenure issued by relevant State and Up to 160 acres Division level Scrutinising and Permit Body A fair amount of production, technology and machinery may be used 3 years tenure Very Small Scale / Subsistence: Application to MOM (MGE), evaluated and issued by State and Division level Scrutinising and Permit Body Manual operated equipment and low horsepower machinery only 1 year tenure Gemstone MGE 2,000 Pre 2016 law amendments: Post 2016 law amendments: Trading (under License Ministry of Allowed trading and retail in MMK and Additionally allows processing, Mines) foreign currency jewellery manufacture, retail 1 year duration and export of both rough and finished stones and jewellery products in MMK and foreign currency 3 years duration
Gemstone Production Permit MGE (under Ministry of Mines) 21,392 permits 98% private companies 2% JVs with MGE 1,475 companies in total Exploration, production, trading, processing, jewellery manufacture, retail, export and foreign Designated blocks: 1 acre blocks designated by MOM Up to 50 blocks per company Competitive tender – awarded to highest bidder 3 tenure Re-tender required for renewal Scale: JV 25% govt/75% company Competitive tender – awarded to highest bidder Up to 50 per permit Commercial scale production – technology and machinery may be used 10 years tenure Discovered blocks: 1 acre blocks ‘discovered’ by applicant Application 3 years tenure Medium Scale: JV 25% govt/75% company Competitive tender – awarded to highest bidder Up to 50 acres per permit Moderately commercial scale production – technology and machinery may be used 5 years tenure JV partnerships (not in law): 40% govt/60% company Application – ‘first come first served’ 5 years tenure Up to 160 acres Small Scale: Application to MOM (MGE) from ‘businesses that do not need much capital’ evaluated and issued by relevant State and Division level Scrutinising and Permit Body A fair amount of production, technology and machinery may be used 3 years tenure Very Small Scale / Subsistence: Application to MOM (MGE), evaluated and issued by State and Division level Scrutinising and Permit Body Manual operated equipment and low horsepower machinery only 1 year tenure Gemstone Trading License MGE (under Ministry of Mines) 2,000 Pre 2016 law amendments: Allowed trading and retail in MMK and foreign currency 1 year duration Post 2016 law amendments: Additionally allows processing, jewellery manufacture, retail and export of both rough and finished stones and jewellery products in MMK and foreign currency 3 years duration
d43b8fa2fccb3ede7cf449d36078537617307d48.docx