No 2 Mining Enterprise (ME 2)

• SECO (Switzerland)Active listingID 64331

  Source

  Verified: copied from a structured field of an authoritative source

  Source

  SECO (Switzerland)

  Retrieved

  2026-09-29

  Source date

  2026-06-02

  Extractor

  seco-xml-parser

  Raw evidence

  <target ssid="64331"><sanctions-set-id>39362</sanctions-set-id><entity><identity ssid="64337" main="true"><name ssid="64339" name-type="primary-name" quality="good" lang="eng"><name-part order="1" name-part-type="whole-name"><value>No 2 Mining Enterprise (ME 2)</value></name-part></name><address ssid="64338" place-id="47813" quality="good"><address-details>Ywargout Quarter, Pyinmana Township</address-details></address></identity><justification ssid="64332">No 2 Mining Enterprise (ME 2) is a state-owned enterprise (SOE) under the jurisdiction of the Ministry of Natural Resources and Environmental Conservation (MONREC) that also acts as the regulator for the sector of non-ferrous metals production and marketing. As such, the SOE is endowed with the power to grant permits and collect part of the tax on profits made by private companies that are either in so-called “production-sharing contracts” or in joint ventures with ME 2.</justification><justification ssid="106510">The Minister of Natural Resources and Environmental Conservation, U Khin Maung Yi, has been appointed by the State Administration Council (SAC), replaced by the State Security and Peace Commission (SSPC) on 31 July 2025, which took over the legislative, executive and judicial powers of the State as of 2 February 2021.</justification><justification ssid="64334">Since the military coup, the military regime has acquired control over and benefits from SOEs, including No 2 Mining Enterprise. No 2 Mining Enterprise is thus controlled by and generates revenue for the Myanmar armed forces (Tatmadaw), thereby contributing to its capabilities to carry out activities which undermine democracy and the rule of law.</justification><justification ssid="64335">Moreover, No 2 Mining Enterprise has taken part in and overseen various projects linked to violence by the Myanmar armed forces against civilian populations and the violation of their most basic rights, including through land confiscation and forced relocation.</justification><other-information ssid="64336">Place of registration: Myanmar/Burma</other-information><other-information ssid="106529">Type of entity: State-Owned Enterprise (SOE)</other-information><other-information ssid="64394">Principal place of business: Myanmar/Burma</other-information><other-information ssid="64395">Phone: no: 09 – 067-22126</other-information></entity><modification modification-type="amended" enactment-date="2026-06-01" publication-date="2026-06-02" effective-date="2026-06-02"><added><justification ssid="64332">No 2 Mining Enterprise (ME 2) is a state-owned enterprise (SOE) under the jurisdiction of the Ministry of Natural Resources and Environmental Conservation (MONREC) that also acts as the regulator for the sector of non-ferrous metals production and marketing. As such, the SOE is endowed with the power to grant permits and collect part of the tax on profits made by private companies that are either in so-called “production-sharing contracts” or in joint ventures with ME 2.</justification><justification ssid="106510">The Minister of Natural Resources and Environmental Conservation, U Khin Maung Yi, has been appointed by the State Administration Council (SAC), replaced by the State Security and Peace Commission (SSPC) on 31 July 2025, which took over the legislative, executive and judicial powers of the State as of 2 February 2021.</justification><justification ssid="64334">Since the military coup, the military regime has acquired control over and benefits from SOEs, including No 2 Mining Enterprise. No 2 Mining Enterprise is thus controlled by and generates revenue for the Myanmar armed forces (Tatmadaw), thereby contributing to its capabilities to carry out activities which undermine democracy and the rule of law.</justification><justification ssid="64335">Moreover, No 2 Mining Enterprise has taken part in and overseen various projects linked to violence by the Myanmar armed forces against civilian populations and the violation of their 

  Name on list

  No 2 Mining Enterprise (ME 2)

  Programmes / regimes

  Myanmar

  Listed on

  2023-08-03

  Last updated

  2026-06-02

  Countries

  Burma (Myanmar)

  Addresses

  Ywargout Quarter, Pyinmana Township, Nay Pyi Taw, Myanmar

  Remarks

  No 2 Mining Enterprise (ME 2) is a state-owned enterprise (SOE) under the jurisdiction of the Ministry of Natural Resources and Environmental Conservation (MONREC) that also acts as the regulator for the sector of non-ferrous metals production and marketing. As such, the SOE is endowed with the power to grant permits and collect part of the tax on profits made by private companies that are either in so-called “production-sharing contracts” or in joint ventures with ME 2. The Minister of Natural Resources and Environmental Conservation, U Khin Maung Yi, has been appointed by the State Administration Council (SAC), replaced by the State Security and Peace Commission (SSPC) on 31 July 2025, which took over the legislative, executive and judicial powers of the State as of 2 February 2021. Since the military coup, the military regime has acquired control over and benefits from SOEs, including No 2 Mining Enterprise. No 2 Mining Enterprise is thus controlled by and generates revenue for the Myanmar armed forces (Tatmadaw), thereby contributing to its capabilities to carry out activities which undermine democracy and the rule of law. Moreover, No 2 Mining Enterprise has taken part in a

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