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Article

26 Nov 2012

Author:
Mizzima News

Suu Kyi speaks out on Monywa copper mine project [Burma]

Suu Kyi responded to a question about the controversial Monywa-Latpadaung copper mining project:...“Before implementing government projects we need a process of transparency. But also, if we unilaterally break off ongoing projects [with foreign firms], we stand to lose international trust.” Suu Kyi’s comments came after Burma’s Defense Minister Lt-Gen Wai Lwin warned...that the influx of foreign direct investment would be deterred if contracts with foreign firms were cancelled and promises broken...[A]proposal was submitted...for an independent state-level commission to probe into the case of the Latpadaung project. [refers to Ivanhoe Mines, Union of Myanmar Economic Holdings, Wan Bao Company]