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The jade trade in Myanmar consists of the mining, distribution, and manufacture of jadeite—a variety of jade—in the nation of Myanmar (Burma). The jadeite deposits found in Myanmar's northern regions are the source of the highest quality jadeite in the world, noted by sources in China going as far back as the 10th century.
Jade mined in Myanmar. The jade trade accounts for 48% of Myanmar's official GDP. [23] An October 2015 report by Global Witness noted that Myanmar's jade industry is exploited by the nation's elites; including military leaders, drug traffickers, and business leaders. This was the finding of a year-long investigation entitled "Jade: Myanmar's ...
Looking down a rubble slope at a jade mine in Kachin State. Myanmar is the largest supplier of jade, [1] providing between 70% [2] and 90% [3] of the world's supply. While Myanmar's official statistics for 2016–2017 put the jade trade value at US$750 million, [4] independent estimates that include illegal mining put it at US$15–31 billion per year.
The landslide was triggered by mining waste collapsing into the lake. More recently, a week before the 2021 landslide, another accident at a jade mine in the same area left ten miners missing. Jade mining in Myanmar is prohibited till March 2022, but these imposed laws are broken by locals who are struggling amidst low employment and poverty.
The 2023 Hpakant jade mine disaster occurred on August 13, 2023, when the Hpakant Jade Mines experienced the third documented landslide in the area. [1] Hpakant is located in Kachin, Myanmar . The landslide killed 32 people when tailings (mining waste) swept the miners into a nearby lake. [ 2 ]
Myanma Gems Enterprise Native name မြန်မာ့ ကျောက်မျက်ရတနာ ရောင်းဝယ် ရေး လုပ်ငန်း Formerly Burma Gems Corporation Company type Public Industry Gemstones Founded 1976 ; 49 years ago (1976) Headquarters Myanmar Products Gemstones Jade Rubies Owner Myanmar Government Parent Ministry of Natural Resources and ...
The miners belonged to two different companies: Myanmar Thura and Shwe Nagar Koe Kaung, [8] while the mine was operated by Unity Co. [9] A photo taken some time before the mine collapse and posted on Facebook showed a large pool of water being formed above the miners, while the Myanmar Thura company mined against the earth under the water. [10]
The Tom Lantos Block Burmese JADE (Junta's Anti-Democratic Efforts) Act of 2008 (Pub. L. 110–286 (text), 122 Stat. 2632, enacted July 29, 2008) is a United States act of Congress, that bars gemstones-- specifically rubies and jadeite-- from Burma from entering the United States via third party countries.