Tue 12 Feb 2013
Filed under: Business / Trade,Inside Burma,News
China’s Wanbao Company has requested Myanmar public to be patient until athe release of the final report regarding an investigation being made by the government into a controversial Chinese-backed copper mine project in Central Myanmar.Wanbao Company’s branch in Myanmar made the request on January 28 by issuing a statement.
The statement said the company was implementing the Latpadaungtaung copper mine project in Monywa Township, Sagaing Region, in accord with Myanmar’s existing laws. It believed that the government would protect the legal business interest of foreign investors. The company would continue the project by resolving the ongoing controversy in an amicable and coordinated manner, it added.
The statement also said that the company had transparently cooperated with the investigation commission, which was formed in last December, during its inspection of the project, and the upcoming report would carry correct facts and situations.
The Chinese company therefore has strongly requested the Myanmar media and local people alike to keep calm until the final report comes out together with the directive from the President’s Office. And all are required to respect that report, the statement said.
When the Eleven Media asked how the Chinese company would do if the copper mine project was cancelled, Myint Thein, manager from the Myanmar Wanbao Co in Yangon, said on Saturday that such a situation was not expected.
The project is being implemented by military-owned Myanmar Economic Holdings Limited and China’s Wanbao Company.
Local people last year staged a days-long protest against the project for environmental and social impacts on the region by setting camps in the project area. Riot police however cracked down the protest camps in last November injuring more than 100, mostly Buddhist monks.
After the police’s serious crackdown, the government formed a special investigation commission to probe into the project appointing Aung San Suu Kyi, Lower House MP and chair of the parliament’s rule of law and stability committee, as chairperson in December.
The commission submitted an interim report to President Thein Sein on January 19.
Details about the investigation will be released after the final report, according to the commission.