The Pinpet Mining Project is an open-pit iron ore mine in Mount Pinpet, Shan State, Myanmar. Plans for the project started in 2003, and construction of an iron ore factory has been underway since 2004. The Pinpet deposit consists of an estimated 10 million tons of hematite with 56.4% iron and reserves of limonite at 70 million tons with 42.6% iron. The mountain also has an estimated deposit of 30 million tons of limestone, which can be used to make cement. A cement factory under the Burmese Kanbawza Development Co. is currently under construction.