Military-Linked UMEHL Transitions Into Public Company

Yangon — The Union of Myanmar Economic Holdings Limited (UMEHL) announced on Thursday that, after being linked to the military for more than two decades, the conglomerate has transitioned into a public company. According to state-run media, shares for UMEHL, which was founded in 1990 with two shareholder groups, will be consolidated into one group. […]

New Myanmar government to tighten safety after jade mine disaster

Myanmar’s newly elected government said on Tuesday that it plans to tighten safety controls at the country’s poorly regulated jade mines after a landslide swept over a mining encampment, resulting in a death toll expected to reach around 200 people. Aung San Suu Kyi’s National League for Democracy(NLD) won a resounding victory in the country’s […]

Halted jade mines to restart

The Ministry of Mines will open four jade mines in Kachin State at the end of the monsoon season, according to a ministry announcement on July 7. The move to reopen the mines comes as the 51st jade emporium in Nay Pyi Taw generated record sales. The four re-opened sites had been closed in 2012 […]

Jade Mines to Resume Operations in Kachin State: Burmese Govt

YANGON — In northern Myanmar, where the vast majority of the world’s jade is produced, mining companies will soon be allowed to resume operations, following a two-year hiatus due to armed conflicts. The Ministry of Mines announced Tuesday that small- and large-scale miners can return September 1 to the resource-rich Kachin State. Mining operations were […]