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.

save | report | share on


Top 200 comments