Myanmar sees nitric acid inflow for gold refining

DSC 6093 sskm
Last month, the lack of nitric acid led to the low supply of finished gold and jewellery products. Earlier, about 15 to 20 viss of gold (a viss equals 1.6 kilogrammes) were refined and manufactured per day. At present, only two visses of gold are daily purified.

Nitric acid used in refining the scrap gold is steadily flowing into the country, said U Myo Myint, chair of Yangon Region Gold Entrepreneurs Association (YGEA).
Myanmar sees the inflow of nitric acid through sea trade and border posts.
Last month, the lack of nitric acid led to the low supply of finished gold and jewellery products. Earlier, about 15 to 20 viss of gold (a viss equals 1.6 kilogrammes) were refined and manufactured per day. At present, only two visses of gold are daily purified, said U Myo Myint.
On 22 and 23 June, the officials from YGEA met with the trade facilitation committee members in Nay Pyi Taw regarding the market needs and requested the requirements of nitric acid in manufacturing.
The committee gave green light to this proposal and nitric acid will be sold under the recommendation of YGEA. The committee urged the YGEA to submit the list of those manufacturers who want to purchase nitric acid.
Therefore, the YGEA called for a listing on 24 June.
“We just call for the list of those in need. The ship loaded with nitric acid arrives at that time. Moreover, the inflow of nitric acid via border posts is also witnessed. The shortage problem has been sorted out accordingly”, U Myo Myint elaborated.
Nonetheless, the YGEA will submit a report if the businesses want them. There are more than 630 members under YGEA. – NN/GNLM

Share this post
Hot News
Hot News
Yangon circular train services temporarily suspended for Thingyan Festival
One of the most consumed, Nga-gyi-gan fish price higher in the market
Myanmar Rescue Organization provides water to insufficient areas and plans to continue to help
Putao to Mt Hponkanrazi climbing tour arranged in April to enjoy the greatest beauty with dense snow caps
Car rental for travelling recently increases, day trips around Yangon rise
Promoting yam eating culture in Myanmar to develop domestic market
SAC Chairman Commander-in-Chief of Defence Services Senior General Thadoe Maha Thray Sithu Thadoe Thiri Thudhamma Min Aung Hlaing delivers speech at 79th Anniversary of Armed Forces Day parade
Tatmadaw families led by Senior General Min Aung Hlaing and wife pay respect to retired senior military officers who attended 79th Anniversary of Armed Forces Day ceremony
SAC Chairman, senior military officers pay tribute at Memorial to Fallen Heroes in Nay Pyi Taw
Senior General: National Defence and Security Council to facilitate transition to democratically elected government