Philex Mining Corp. Eyes Myanmar Gas Sector

Phillipınes Philex Mining Corp. plans to ınvest ın tural gas sector of Myanmar, AFP reported Wednesday.

"Myanmar is opening up and a lot of businesses are really looking at that country. We do not want to be left behind," Michael Toledo saıd..

Myanmar, formerly known as Burma, has embarked on a course of political reform, including the release of democracy icon Aung San Suu Kyi and other political prisoners.

The South East natıon is rich in oil, gas, timber, minerals and gems, and investors are lining up to enter the country as it prepares to further liberalise.