Mining company Myanmar Yang Tse Copper Limited in Monywa, Sagaing Region has angered locals again after it built fences on their farmlands in Sabae Taung and Kyay Sin Taung areas.
Tag: Chinese investment
China’s Domestic Dams: Hydropower Not Only an Export For World’s Biggest Dam Builder
Plans to dam the Lancang River, China’s stretch of the Mekong, will have impacts far beyond China’s borders.
Chinese firm’s zinc project in central Vietnam sparks environmental concern
A Chinese firm has proposed building a zinc mill at an economic zone in the central Vietnamese province of Thua Thien-Hue, raising a few eyebrows among local experts and members of the public.
China Gezhouba Group signs deal to construct 35-MW Xelanong 2 hydropower project in Laos
The China Gezhouba Group Corp. has signed an agreement with the Laotian government to develop a 35 MW hydroelectric plant in Laos’ southern Salavan province, according to reports from state news sources.
China Gezhouba will develop what is being called the Xelanong 2 project using a build-operate-transfer model, with construction of the US$72 million facility expected to take about 40 months.
Xelanong 2 and its 55-meter-high dam will be located on an unspecified tributary of the Mekong River and is part of the Laotian government’s effort to dramatically increase the availability of electricity to its population by 2020.
Other significant hydroelectric plants being developed in Laos include the 1,285-MW Xayaburi, 1,156-MW Nam Ou and 410-MW Xe-Pian Xe-Namnoy, amongst others.
China firm wins Myanmar approval for $3 bln refinery
Chinese state-controlled commodity trader Guangdong Zhenrong Energy Co has won approval from the Myanmar government to build a long-planned $3 billion refinery in the Southeast Asian nation in partnership with local parties including the energy ministry, company executives said on Tuesday.
The project, which also includes an oil terminal, storage and distribution facilities, would be one of the largest foreign investments in decades in Myanmar. Myanmar currently imports most of its fuel.
The Myanmar Investment Committee granted the Chinese firm approval to build a 100,000 barrels-per-day (bpd) refinery in the southeast coastal city of Dawei, Li Hui, a vice president of Guangdong Zhenrong and head of the company’s refining business, told Reuters.
Chinese demand wiping out forests of neighboring Burma
The streets of Pianma are lined with sawmills. They’re also lined with logs as big as cars: Teak, Rosewood, and Golden Camphor — all of them felled illegally across the border in Burma from old growth forests and brought to the Chinese side to be cut down into furniture.
China, Mekong countries launch Lancang-Mekong Cooperation framework
The Lancang-Mekong Cooperation (LMC) framework was officially launched on Thursday following talks among senior foreign affairs officials from China, Thailand, Cambodia, Laos, Myanmar and Vietnam in Jinghong, Yunnan Province.
FOCUSING ON THREE KEY AREAS
The Lancang-Mekong River is a natural link between the six countries.
At the first LMC foreign ministers’ meeting, they decided to cooperate in three key areas – politico-security issues, economic affairs and sustainable development, and social affairs and people-to-people exchanges.
At the invitation of Chinese Foreign Minister Wang Yi, Cambodian Deputy Prime Minister and Minister of Foreign Affairs Hor Nam Hong, Lao Deputy Prime Minister and Minister of Foreign Affairs Thongloun Sisoulith, Myanmar Foreign Minister U Wunna Maung Lwin, Thai Foreign Minister Don Pramudwinai, Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh attended the meeting, and Wang Yi and Don Pramudwinai co-hosted the meeting.
China, Laos to build $6.3 bln railway project by 2020 – China Economic Herald
China aims to complete laying a 418-kilometre (260-mile) railway from a border town to Laos by 2020, the official China Economic Herald reported, as the economic giant seeks a new route into the emerging markets of Southeast Asia.
The two countries agreed on Friday to jointly build a 40-billion yuan ($6.28 billion) railway from the border town of Boten to the Laos capital Vientiane, the Herald reported.
The deal was announced at a signing ceremony attended by senior officials from the National Development & Reform Commission the country’s top economic planner, China Railway Corporation and the Export-Import Bank of China, the paper said.
Laos, poor and landlocked, has traditionally been firmly in the orbit of its larger neighbour to the east, Vietnam.
But China has been aggressively courting Laos as it sees the communist-ruled country as an important route into Southeast Asia, and its ports on the Mekong River for landlocked parts of southwestern China such as Yunnan.