MYL 0.00% 70.0¢ mallee resources limited

Potential to be the world’s 3rd-largest lead mine and Global Silver mine.

  1. 4,435 Posts.
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    Bawdwin: an incredible historyBawdwin in the northern Shan state of Myanmar means ‘silver hole’ in the local language.

    It’s believed the original Shan kings were mining Bawdwin for silver +1000 years ago.

    In 1420, the Chinese arrived and took control of the Bawdwin region and the mine for the next few hundred years.

    In the 1800s the British landed and took over, developing Bawdwin into a world-class (at the time) polymetallic mine.A crucial figure here was Herbert Hoover —the soon-to-be 31st president of the United States.

    Bawdwin is the mine that made Hoover, then just a mining engineer, his fortune.

    When Hoover saw Bawdwin he was so amazed he broke one of his own personal rules — never sink your own money into a company’s projects.

    Hoover helped turned Bawdwin into the greatest mine in the British Empire.

    By the late 1920s this one underground mine was producing as much silver each year as the entire line of lode at Broken Hill in New South Wales.

    The thing was phenomenally big, in other words.

    The mine was destroyed during World War 2

    The British left Myanmar in 1948 and the mine was nationalised.

    With Modern Mining Technology this Mine is World class.



    MYL -MYANMAR METALS LIMITED



 
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Currently unlisted public company.

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