Myanmar Plans to Reopen Russian Backed Steel Factory at Pinpet
The Irrawaddy reported that the Myanmar regime plans to reopen the No 2 Steel factory at Pinpet in Shan State, which was closed more than four years ago. The plant is joint iron exploitation and processing project between the military-owned Myanmar Economic Corporation and the state owned Russian company Tyazhpromexport. This was discussed by Russian ambassador to Myanmar Dr Nikolay Listopadov and Maynmar Minister of Industry Dr Charlie Than. A junta-controlled newspaper stated that the Russian ambassador and the junta minister also discussed bringing in Russian technical experts to inspect the steel mill.
Located in war-torn Shan State, the Pinpet project has transformed the area, Mount Pinpet or Pine Tree Mountain, into the country’s largest iron mine. Until it was suspended in early 2017, the Steel Mill construction project was run under a contract between the MEC and VO Tyazhpromexport, a subsidiary of Russia’s State Corporation Rostec. It is built on 5,260 acres of land in Pinpet. The project, which began in 2004, was expected to produce 200,000 tonnes of pig iron and 720,000 tonnes of iron ore. The pig iron was to be used as a raw material for steel production at the No1 Steel Mill, Myingyan steel plant, which is also suspended, in Mandalay Region.