Myanmar Metals to sell Bawdwin project in wake of coup


YANGON, July 26 (Reuters): Myanmar Metals has announced that it plans to sell its 51% stake in Bawdwin silver, lead, and zinc project in Myanmar, citing difficulties in securing financing for the US$300 million project after a coup led to social unrest earlier this year.

Businesses have collapsed in the South-East Asian country ever since the military coup, which prompted widespread protests and strikes. The violence displaced thousands and killed hundreds of civilians.

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