section_path: Economy/Extractive industries
section_name: Extractive industries
paragraph_text: Extractive industries
  
  Myanmar produces precious stones such as rubies, sapphires, pearls, and jade. Rubies are the biggest earner; 90% of the world's rubies come from the country, whose red stones are prized for their purity and hue. Thailand buys the majority of the country's gems. Myanmar's "Valley of Rubies", the mountainous Mogok area, 200 km (120 mi) north of Mandalay, is noted for its rare pigeon's blood rubies and blue sapphires.
  
  Many U.S. and European jewellery companies, including Bulgari, Tiffany and Cartier, refuse to import these stones based on reports of deplorable working conditions in the mines. Human Rights Watch has encouraged a complete ban on the purchase of Burmese gems based on these reports and because nearly all profits go to the ruling junta, as the majority of mining activity in the country is government-run. The government of Myanmar controls the gem trade by direct ownership or by joint ventures with private owners of mines.
  
  Rare-earth elements are also a significant export, as Myanmar supplies around 10% of the world's rare earths. Conflict in Kachin State has threatened the operations of its mines as of February 2021.
  
  Other industries include agricultural goods, textiles, wood products, construction materials, gems, metals, oil and natural gas. Myanmar Engineering Society has identified at least 39 locations capable of geothermal power production and some of these hydrothermal reservoirs lie quite close to Yangon which is a significant underutilised resource for electrical production.