An ASX-listed miner will soon transfer to Australia the $US12 million ($16.7 million) worth of proceeds it made from the sale of its stake in a Myanmar silver mine to a shadowy Myanmarese conglomerate with ties to the country’s military.
The ASX-listed group, previously known as Myanmar Metals but which recently changed its name to Mallee Resources, on Monday confirmed it had completed the $US30 million sale of its stake in the high-profile Bawdwin project in the north of Myanmar.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
