ASX miner repatriates $17m from Myanmar after ANZ refused transfer

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.