The landslide is inevitable. It is a risk, we all know,” said Aye Yi, a 33-year-old who has been working in Myanmar’s jade mines since she was 14. “We don’t know when it will happen. But we know it definitely will at some point.” Myanmar’s deadliest mining accident in living memory killed at least 175 […]
Gold and jewellery trade centres to open in three cities
September 7, 2017 by
Gold and jewellery trade centres will be opened in Yangon, Mandalay and Nay Pyi Taw soon, said Planning and Finance Minister Kyaw Win on August 28. “We have already negotiated with various businessmen to open gold and jewellery trade centres, which will be open all year long. It will facilitate business for whatever they sell […]
Military-Linked UMEHL Transitions Into Public Company
April 4, 2016 by
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. […]
Halted jade mines to restart
July 15, 2014 by
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 […]
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