Tuesday, May 15, 2007

Recent Burma News

Burma to Grant More Jade Mining Blocks to Local Businesses:

Burma will grant 319 mining blocks to local entrepreneurs, People’s Daily Online reported May 4. Each block measures one acre and will be leased for three years.
Te Za Begins Mining in Phakant: Burma tycoon Te Za has begun jade mining operations in Phakant, in the Kachin State of northern Burma, Burma News International preported May 1. The area was confiscated with the help of the Phakant-based military junta, displacing “over 30 households in each mine area.” The households received compensation.
Burma Forms First Gem Merchants Association: Burma's largest business organization and the Ministry of Mines are facilitating formation of the country’s first rough-gem merchants association, the Myanmar Gem Merchants’ Association, Rapaport reported April 15.

Burmese jadeite...at a price. Illumination by flashlight reveals exquisite translucency in this jadeite material at the March 2007 Myanma Gems Emporium. (Photos: Mark H. Smith, Thai Lanka Trading Ltd. Part.)




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