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(A) Introduction

Myanmar,relative to its size is endowed with tremendous exploration opportunities in metallic,non-metallic and genuine gemstones.

Myanmar has extensive tract of unexplored but geologically favourable potential areas,for mineral exploration and exploitation.

Most of the untapped mineral resources await advance technology and foreign investment for development.

With this view in mind, Myanmar is making good economic reforms introducing new liberal trade policies to promote all round development of the national economy.

THE UNION OF MYANMAR FOREIGN INVESTMENT LAW was enacted in 1988 and, trade entrepreneurs both domestic and foreign.

In 1989 ,Myanmar embarked on a policy of encouraging foreign investment and invited foreign companies to invest in the mineral sector.The MYANMAR MINES RULES was promulgated in September 1994 and MINES RULES were issued in 1996. 24 HOUR CO.,LTD., fully supports the state policy in accordance and conformity with guidelines and rules laid in the UNION OF MYANMAR FOREIGN INVESTMENT LAW (1988).

Presently two different types of joint ventures, namely production sharing and profit sharing (on equity basis) with the foreign investors are practiced in the mineral sector.

The government is continuing its efforts to promote a favourable investment climate for international mining and exploration companies.

The 24 Hours General Services Co.,Ltd was founded in 2003.

The Company is staffed with senior and well experienced technical personnel with sound technical background in their respective professional fields.

The company has unparallel expertise and field experience from the initial stage of detailed geological and reconnaissance survey to the final stage of mineral exploitation.

The Company is equipped with advance technology and professional technicians and is conducting geological,geochemical,geophysical and exploratory drilling and mineral resources evaluation and assessment and development on a nation mine basis.

The Company has the vested obligation of rendering its highest level of performance to private entrepreneurs both domestic and foreign.

Nowadays the existing mines all over the world are becoming deeper and complicated and the mining cost is rising higher and higher.Therefore the mining companies are seeking virgin and shallow superficial deposits in South East Asia. Myanmar is the most promising and geologically favourable country  for mineral exploration and exploitation.

As a matter of fact, there are many geological services companies in Myanmar.The company stands tall and unique with a wide margin of competitive edge over its rival geological services companies,because it is staffed with professional technicians and unparallel field knowledge and experiences in feasibility study and different stages of mineral exploration.

With the genius of promise,Truth and Goodwill, our Mining Services Section have been organized by Selected Senior Geologists,Mining Engineers,Surveyours and Skilled Labours,who had been at least (20) years experience in their relative fields.

 

 

 

 

 

 
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