A mine with a presidential history: Myanmar Metals

John Lamb is the Executive Chairman and CEO of Myanmar Metals. They have a very ancient silver mine that’s now turned into a silver and lead mine and was run by the former US President, Herbert Hoover, for a while back in the early 1900s. The mine is going to be revived by Myanmar Metals, so Alan Kohler spoke to John to find out the company's plans moving forward.

John Lamb is the Executive Chairman and CEO of Myanmar Metals. This company used to be called Top End Minerals way back until they bought an option over 51% of a mine in Myanmar. The mine is a very ancient silver mine that’s now turned into a silver and lead mine, it was run by the former US President, Herbert Hoover, for a while back in the early 1900s. It became the world’s richest silver and lead mine before the World War Two. After World War Two it was nationalised by the Myanmar government, the Burmese government as it was then, and they mucked it up and it basically sank into care and maintenance until it’s been now revived or is going to be revived by this company called Myanmar Metals. It’s a province basically and it’s a very rich mine, it’s got all the infrastructure there, they’ve got tunnels and layers, drives, there’s above ground infrastructure as well. There’s still a lot of money to be spent but not as much as you’d be spending if you were developing a mine from scratch.

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