Taxation Rate for Jade Mining Blocks Likely to be Reduced by Half

The rate of taxation levied on jade mining blocks could possibly be reduced by half, subject to ongoing negotiations, said U Myint Pe, Yadana Thein Gay Har Company from Kani area. Jade mining companies have to pay taxes after the extracted jade stones are appraised. The companies and authorities are in discussions about the possible […]

Licenses for over 300 mining blocks in Lonekhin, Hpakant to expire in September

A total of 321 mining blocks in Lonekhin, Hpakant will expire next month, it is learnt from an announcement released by Myanmar Gems Enterprise under the Ministry of Mines. The blocks in Lonekhin, Hpakant were granted a work permit for five to seven years whereas 83 blocks in Kannee were permitted starting in 2011. Similarly, […]

All Remaining Jade Mining Licenses to Expire in 2018

RANGOON — The government has announced that all remaining jade mining licenses will expire in 2018, and licenses will only be considered for renewal after the completion of an environmental management plan for jade mining areas of Kachin State. With the government’s decision not to renew jade mining licenses, 310 mining companies operating in Kachin […]

Traders Call on Govt to Support Jade Market

RANGOON — Jade traders in Mandalay have collected signatures to accompany a proposal requesting government support for a better jade market, they told The Irrawaddy on Friday. As Burma’s jade market began to decline last year, traders called on the country’s leadership to address the market situation. On July 12, traders in Mandalay initiated a […]

Jade Sales Drop Significantly at Govt Emporium

RANGOON — Sales of raw jade at the government-run biannual Gems Emporium in Naypyidaw have been markedly lower than in previous years. Organizers have pointed to slowing Chinese demand as well as a government policy to limit sales of raw jade as a means of boosting value-added jade processing in Burma. Previously, Chinese traders would […]

Local mining applications delayed by new gemstones law

New concessions to explore gem-rich areas in upper Myanmar will not be granted until by-laws to the Myanmar Gemstones Law have been passed, which is unlikely to happen under the outgoing government, officials from the Ministry of Mines said. The ministry asked local companies to submit applications to explore mining blocks in Kachin State, Shan […]

Burmese-Only Jade Sale Pegged for December

RANGOON — The Myanmar Gems Enterprise will hold the year’s first and only jade sale exclusively for local traders in Naypyidaw this December, with industry players hoping to see more purchases of raw jade and jadeite made with value-added intentions. In Thursday’s state-run newspapers, the Ministry of Mines’ Myanmar Gems Enterprise announced that the central […]

In Hkamti, the slow death of a river

Upper Myanmar’s Chindwin River, a tributary to the great Ayeyarwady, is choking to death – on gold. As it flows through Sagaing Region’s Hkamti township, rich in natural treasures, it is fouled with red sludge and spoil, the ruins of former and active mines and diggings. The villages of Hman Bin, Phaung Sai, Kaung Hmu, […]

Hpakant Jade Stone Estimated at 50 Tons

YANGON — A massive jade stone recently discovered near a village in Kachin State’s Hpakant region is believed to weigh about 50 tons, though with half the rock yet to be unearthed, its exact mass remains unknown. After visiting the discovery site and sizing up the raw jade stone in Wai Ka village amid tight […]