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Schumpeter_1

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  • SouthGobi/Chalco/Ivanhoe Deal Possibly Blocked: Is Mongolia's Investment Climate Ready For The Global Stage? [View article]
    May I conclude you are not his biggest fan?
    Indeed he is already involved with operations in Myanmar:

    "Perhaps his most infamous business dealings involve the partnership his company Ivanhoe Myanmar Holdings and later Indochina Goldfields (renamed Ivanhoe Mines in 1999) forged with the Burmese regime SLORC (now called the State Peace and Development Council (SPDC)). In 1994 SLORC and Ivanhoe began a lucrative joint venture in the Monywa copper mine, reputed to be the most profitable copper mine in the world.

    SLORC has a record of forcing labour on Burmese villagers, forcing workers to pay a part of their output to the state or taking their land in return for not forcing them to labour for the regime. This behaviour has led many multinational corporations, including Rio Tinto, to refuse to do business there. Mining Watch Canada say SLORC are being well supported by funds from Ivanhoe's mining activities. With no environmental laws mining operations in Burma can be expected to be dirty, people downstream reported skin irritation from water discharged from the plant running bright blue with copper sulphate."
    Apr 18 11:53 AM | 2 Likes Like |Link to Comment
  • SouthGobi/Chalco/Ivanhoe Deal Possibly Blocked: Is Mongolia's Investment Climate Ready For The Global Stage? [View article]
    Jon

    How do you value Friedland's resignment ?
    Apr 18 09:31 AM | 3 Likes Like |Link to Comment
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