Letpadaung Copper Mine

State gets US$20 Million in Profit in Eight Months From Letpadaung Copper Mine

February 17, 2017 by thiha

The Union Ministry of Natural Resources and Environment Conservation Minister Ohn Win said that the profit received by the State within eight months from Letpadaung copper mine which is owned and jointly operated by Myanmar Economic Holdings Ltd (MEHL). and China’s Wanbao Company was about US$ 20 million. “The State’s share of 23,266.504 metric […]

Despite Myanmar dam blockage, China confident about ties with Suu Kyi government

March 14, 2016 by thiha

Beijing is seeking to overcome blockages with a controversial Chinese-invested dam in Myanmar, Foreign Minister Wang Yi said on Tuesday. Outgoing Myanmese President Thein Sein put the US$3.6 billion Myitsone dam on hold in 2011, citing public opposition. But residents and environmental groups have said CPI, the Chinese company behind the project, has tried to […]

Filed Under: Latest News Tagged With: aung san suu kyi, Beijing, Cambodia, Chinese, CPI, Foreign Minister Wang Yi, Laos, Letpadaung Copper Mine, Mekong, Myanmar, Myitsone, National League for Democracy, NLD, Outgoing Myanmese President Thein Sein, Premier Li Keqiang, Regional Comprehensive Economic Partnership, Southeast Asia, Thailand, Vietnam

Letpudaung Mine protest turns deadly

December 24, 2014 by thiha

Opposition party leader Aung San Suu Kyi on Wednesday said failure by authorities to implement the recommendations of a commission that reviewed a controversial copper mine project in northwestern Myanmar had led to a deadly clash at the site earlier this week between protesters and police. A local official on Wednesday also announced a formal […]

Filed Under: Latest News Tagged With: a woman shot dead, aung san suu kyi, Chinese, dead, Letpadaung Copper Mine, protest, protester. deadly clash, Sagaing Division, Wanbao

China Wanbao – building trust

February 14, 2014 by thiha

Through a combination of land compensation and corporate social responsibility activities, the operator of one of China’s largest investments in Myanmar hopes to recommence operations after a year’s delays and wrangling. Dong Yunfei, a manager at the Yangon branch of Wanbao Mining, the Chinese State-owned company that operates the Letpadaung copper mine, wrote in an […]

Filed Under: Latest News Tagged With: corporate social responsibility, Dong Yunfei, Engineer, Land Compensation, Letpadaung Copper Mine, Myanmar Mining Enterprise, Myanmar Wanbao Mining Copper, Sagaing Region, Third Compensation Offer, U Hla Tun, UMEHL, Union of Myanmar Economic Holdings, Wanbao Mining, Zhuang Yongquan

Chin urge transparency on Mwe Taung mining project

September 27, 2013 by thiha

Chin political parties and residents are calling for transparency over a Chinese-backed project, with some warning that the project could lead to a repeat of the unrest seen at the Letpadaung copper mine. Geological studies of the Mwe Taung Phar Taung area – on the border of Chin State’s Tiddim township and Sagaing Region’s Kale […]

Filed Under: Latest News Tagged With: chairman, Chin, Chin Mountain Resources Watch Group, Chin National Party, Chin State, Chinese company, Chinese-Backed Project, General Secretary, Kale Township, Kan Bau, Letpadaung Copper Mine, Monywa, Mwe Taung Phar Taung Area, North Mining Investment, Sagaing Region, Salai Ceu Bilc Thang, Tiddim Township, U Lian Thwung, U Zo Zam

Drop in Chinese Investment Could Hurt Myanmar Economy, Reform: US Report

September 20, 2013 by thiha

Chinese investment in Burma has sharply declined since President Thein Sein’s reformist government took over from the military junta in 2011, says a US-based think tank. It warns that this fall in investment could hurt Burma’s economic development and the success of its nascent democratic reforms. Burmese public opposition against China’s Myitsone Dam and the […]

Filed Under: Latest News Tagged With: Beijing, Burma, Burmese Army-Affiliated Union, China, Chinese Embassy Spokesman, Chinese FDI, Chinese Investment, Chinese Project Investors, Gao MIngbo, India, Letpadaung Copper Mine, Letpadaung mine, Myanmar Economic Hlodings, Myintsone Dam, Myintsone Hydropower Dam, Nay Pin Taw, President Thein Sein, South Korea, The Stimson Center Report, Yun Sun

60% of Investment Already Paid for Suspended Myitsone Dam: Chinese Developer

September 7, 2013 by thiha

The Chinese backer of the Myitsone dam project says more than half the funds to construct the multi-billion-dollar project have already been paid to Burma, although the project was suspended last year. Sixty percent of a total $3.6 billion in investment to build the controversial hydropower dam project in Kachin State has been paid, according […]

Filed Under: Latest News Tagged With: $3.6 billion investment, 4, 600 MW, Asia world Co., director of China Power Investment Corporation(CPI), five dams, hydropower, Kachin State, Letpadaung Copper Mine, May Kha River, May Li Kha River, Ministry of Electricity, multi-billion-dollar, President Thein Sein, profits, pros and cons, public criticism, the deal, two dams, wait and see, Wang Qiyue

Myanmar military backed MecTel To Compete With Telenor And Ooredoo

August 3, 2013 by thiha

Ooredoo and Telenor, two foreign companies that won the lucrative telecom licenses in Myanmar, may face tough competition from a little-discussed domestic Myanmar company jointly owned by the army-backed Myanmar Economic Corporation (MEC) and the state-backed Myanmar Posts and Telecommunication (MPT). “It is planned to grant licenses to two local operators — Myanmar Posts and […]

Filed Under: Latest News Tagged With: Asian Development Bank, fair, joint venture, Letpadaung Copper Mine, level playing field, MECTel, military backed, mpt, Myanmar Economic Corporation, Myanmar Posts and Telecommunications, Ooredoo, Richard Horsey, telenor, UMEHL, Union of Myanmar Economic Holdings Limited, Yatanarporn

China’s troubled copper mine back on track

June 22, 2013 by thiha

Geng Yi, the managing director of the Letpadaung Copper Mine, is cautiously optimistic that one of China’s largest investments in Myanmar will “soon be back on track”. Months of protests by local farmers and activists had brought operations to a halt. The project, a joint venture between China’s Wanbao Mining and its Myanmar partner, Union […]

Filed Under: Latest News Tagged With: anti-China, aung san suu kyi, beneficial, Chen Defang, China, commission, community, environmental, government inquiry, Ivanhoe, joint venture, JV, kindergartens, land acquisition, Letpadaung Copper Mine, libraries, medical, Monywa Copper Mining Project, protest, resume, Sagaing, social development, suspended, transparency, Union of Myanmar Echonomic Holdings, Wanbao, Win Myo Thu

Myanmar pipeline project gives China pause for thought

June 22, 2013 by thiha

China National Petroleum Corporation (CNPC) on June 4 announced the completion of its Sino-Myanmar gas pipeline project (Myanmar section), signaling that it is ready to enter trial production. The oil pipeline between the two countries is currently 94 percent complete. As China’s fourth largest strategic energy import channel, the China-Myanmar Oil and Gas Pipeline Project, […]