Ivanhoe

Canadian mining company Ivanhoe faces lawsuit in Myanmar

June 23, 2014 by thiha

Justice Trust and the Myanmar Lawyers Network will file a lawsuit against Ivanhoe Mines, the Canadian mining company that launched the controversial Latpadaungtaung Copper Mine. “The Canadian company broke the law and it did not meet international standards when it was running the project,” said Thein Than Oo of the Myanmar Lawyers Network. “The company […]

Filed Under: Latest News Tagged With: broke, Canadian, complicit, copper-mine, democratic country, faces, Ivanhoe, Justice Trust, Latpadaungtaung, lawsuit, Mining Company, Myanmar Lawyers’ Network, project

China Wanbao to double investment on copper mine

August 3, 2013 by thiha

Despite an amended agreement allocating the company a lower percentage of mining profits, Wanbao’s general manager in Myanmar Geng Yi said that the Chinese firm will double its investment on the project to a sum of up to US$997 million. “We have invested $600 million to date,” he said, “and we will up to $997 […]

Filed Under: Latest News Tagged With: Canada, China, copper-mine, foreign investment, Geng Yi, investment, Ivanhoe, Latpadaung, Ministry of Mining, Monywa, Myanmar Economic Holding Ltd., Sagaing Region, Wanbao

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 […]