Situated in South East Asia Peninsula, covering an area of 676578 sq km, Myanmar is endowed with rich mineral resources in which mining of precious minerals date as for back as second century BC. Myanmar Rubies, Sapphires and Jade are admired around the world. Silver Lead and Zinc were extracted since 15 century AD and Myanmar stood as one of the leading exporters of tin and tungsten in the world market during 1930?s. "Ministry of Mines is responsible for Formulation of Mining Policy, Exploration and Extraction of Minerals and Gems. Department of Mines is responsible for Mining Policy Formulation, Granting of Mineral Permits and Coordination of Mining Sector. Mining Enterprise No. 3 is responsible for production of Coal. Department of Geological Surveys and Mineral Exploration is responsible for exploration of Coal Deposits."