More than 50 jade mine workers trapped by 'mud lake'
- The state-run Myanmar News Agency reported that the slide was caused after a lake collapse in the city of Hpakant in the early hours Tuesday.
- Three people have been confirmed killed and 51 are believed to be trapped by a "mud lake" created by the landslide, Myanmar news agency reported.
- Jade is believed to be one of Myanmar's most profitable exports and worth billions of dollars, fueled in large part by demand in neighboring China.
- Global Witness, a nonprofit dedicated to investigating corruption and environmental abuse, estimated the jade industry was worth about $31 billion in 2014, nearly half of the country's official GDP that year.
- The industry has long been plagued by allegations of corruption and wrongdoing, with profits flowing to armed groups and political elites without being taxed and helping to fuel the long-running conflict in the country's north.
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