China seizes opportunity in Suu Kyi’s isolation

[TomSea]

China seizes opportunity in Suu Kyi’s isolation
(Asia Times staff)

As Western governments weigh sanctions in punitive response to Myanmar’s recent rash of rights abuses against ethnic and religious minorities, China is taking full advantage of the country’s new era of international isolation to seek out new investment opportunities.

Myanmar Yang Tse Copper Limited, a subsidiary of the Beijing-based Wanbao Mining Limited, is now reportedly pursuing permission to carry out ground inspections for a possible copper mining site in a 100,000-acre large area in Monywa, west of the central city of Mandalay.

Wanbao, a subsidiary of China’s state-owned arms manufacturer China North Industries Corporation, or Norinco, operates mines in Gabon and the Democratic Republic of Congo and has operated in Myanmar since 2010.

Read more at: http://www.atimes.com/article/china-seizes-opportunity-in-suu-kyis-isolation/