Gemstone mining

Jade, drugs and GDP

Myanmar boasts of possessing precious natural resources including those that are mined, legally or otherwise, and one of these resources is jade. But there is an enormous difference between the official data and estimates provided by non-profit organisations like Global Witness. Keep reading ...

Kachin Jade Sales Net Tax of $8.77m, a Figure Dwarfed by Black Market

Kachin state has gen­erated K12 billion, roughly $8.77 mil­lion, for state coffers from sales of jade so far this fis­cal year, the state’s chief minister has said. But that figure is minuscule com­pared to the multi-billion dollar black market thriv­ing in the region.Keep reading  ...

134 mining blocks to expire this month

The Myanma Gems Enterprise under the Ministry of Resources and Environmental Conservation announced that a total of 134 authorised mining blocks in the country’s gemstone tracts are going to expire within this month.Keep reading ...

Gems Emporium Expected to Attract US and EU Traders

RANGOON — More Western jade traders are expected to attend to the upcoming Naypyidaw Gems Emporium, after the lifting of US economic sanctions last month. Keep reading   ...

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