US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]

Gold miners fall behind on fees

Three large private mining companies at the Moehti Moemi mines owe hundreds of millions of dollars worth of in-kind payments to the Ministry of Mines, according to U Win Htain, Mining Department director general. Fevered bidding in a 2011 tender may have seen the three firms overreach, as they offered high payments in the future […]