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Phakant jade mining temporarily put on hold

A temporary halt in jade mining, extracting and production in Phakant —a lucrative mining area in Kachin State— thanks to inadequate regulation and weather conditions. The Myanmar Gems Enterprise issued a directive banning jade mining and extraction in response to recent disasters. The statement points out recent collapses and landslides resulting in deaths and damages […]

Old rice prices stable despite decline in export price of rice to China

The prices of old rice are still stable despite a decline in export prices of rice to China. Prices of low-quality rice in Mandalay market is on the decline because of China’s low demand for low-quality rice and Chinese Yuan depreciation, said U Thein Zaw, the chairman of Mandalay Rice Depot. Myanmar’s low quality rice […]

Some companies join bid to resume jade mining

About 80 companies are preparing to resume their jade mining business in Phakant, according to the Ministry of Mines. Mining at jade blocks in Phakant were suspended for two years due to the armed conflict, but the government said the mining business would resume by September 1. “We have received 80 applications, including from joint […]