As we all know, Social Media has a way of blowing things out of proportion if left unchecked. MYTCL Management therefore believes that it is in the best interest of all related parties that we are excessively transparent and open.
It is also critical to point out the benefits of this activity if the Government permits approval for this application. There will be many gains and opportunities that will be provided by both the Government and the Company to the local people of the region. Here are some of the key aspects.
A. Creation of employment opportunities for the direct local communities.
Prospecting & Exploration will be undertaken by Myanmar and Chinese Geologists and basic level workers will be hired from the areas of exploration.
While carrying out Prospecting & Exploration works, support and development of the region will be provided through the renovating of village access roads, supporting schools with needed requirements and hiring vehicles and equipment from the local people and businesses.
C. Obtaining regional mineral deposit related data for the country.
With the investments provided directly by MYTCL through these activities of Prospecting & Exploration, a more comprehensive geological resources data will be obtained for Myanmar’s use in exploring further future economic benefits.
With MYTCL’s significant financial investment, the region will be able to enhance opportunities of socio-economic development by the company’s hiring of Prospecting & Exploration equipment, vehicles and machinery.
2. MYTCL will also invite an authorized third party organization for the mandatory development of an EMP – Environmental Management Plan - in accordance to the Government’s Mineral Exploration EMP guidelines of 2018.
3. If historical and/or cultural heritage sites, as well as environmental protection zones including river and stream areas are discovered within the project area and scope, or if environmental zones are indicated during exploration, they will be avoided according to national laws and regulations.
Myanmar Yang Tse Copper Limited