The Company has entered into a tin production contract with NGWE KABAR MYANMAR CO., LTD (the counterparty) as of 21 June 2016, which the employer company has already obtain a production license so Tongkah Harbour can immediately enter the area in order to install machinery for the production line.
The mine covers an area of 812.14 acres, located in Myeik, Republic of the Union of Myanmar. The concession lifetime end on 2022 and The lifetime of the contract is effective until the tin in the area is exhausted or the concession expires.
On November 3, 2016, the Tongkah Harbour began moving machinery into the area and we have been improving the machinery to work most effectively, At present we have already been producing tin.
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