Wikileaks: Junta Crony Brokered Ivanhoe’s Burma Sale to Chinese Arms Firm

Newly disclosed American diplomatic cables made available by Wikileaks show that infamous Burmese regime crony Tay Za served as a broker in a series of transactions that saw Ivanhoe Mines 50% stake in Burma’s largest copper project […]

Ivanhoe Received US $103 Million from Burma’s Copper Mines

Vancouver-based Ivanhoe Mines has announced early today in its press release that it received US$103 million from Burma asset it held through Monywa Trust.

Ivanhoe owned a 50% operating interest in a joint venture with Burma’s state-owned company and transferred its asset to a third party Monywa Trust in 2007 […]

Transfer of Ivanhoe’s Burmese assets to weapons firm must be probed

Information recently disclosed by Burma’s state-controlled media substantiates CFOB’s previously stated concerns that Vancouver-based Ivanhoe Mine’s Burmese assets were transferred to the Chinese weapons firm Norinco via a businessman connected to the Burmese regime […]

Critics Decry Norinco Outlay on Ivanhoe’s Burmese Mine

Critics of Canada’s Ivanhoe Mines say that a recent report in Burma’s state-controlled media that Chinese weapons firm Norinco is to spend nearly US$1 billion to develop the Monywa copper project’s long-stalled second phase is further evidence that the notorious weapons firm has bought Ivanhoe’s stake in Burma’s largest mining project – a charge the Vancouver-based miner has repeatedly denied.

Ivanhoe Mines claims stake in Monywa not sold, refuses to show any proof

In a tersely worded statement posted on the firm’s website, Ivanhoe Mines claimed its 50% stake in the Myanmar Ivanhoe Copper Company (MICCL), a joint venture it created with the Burmese regime to run the Monywa Copper project, was not sold.

Ivanhoe’s statement claimed that a CFOB press release which reported that the MICCL stake was sold to junta cronies in collaboration with Chinese weapons firms Norinco was “part of a discredited, long-running disinformation campaign by the Canadian Friends of Burma non-governmental organization, assisted once again by the India-based Mizzima News Agency” […]

Did Ivanhoe secretly sell Burmese stake to cronies connected to Chinese arms firm?

A trusted source has told the Burmese opposition website Mizzima News Agency that Vancouver-based Ivanhoe Mines’ so called “independent trust” secretly concluded a deal last year to sell Ivanhoe’s stake in Myanmar Ivanhoe Copper Company Limited (MICCL), the joint venture created by Ivanhoe Mines and the military regime which operates Burma’s largest mine, the Monywa copper project […]

Chinese Monywa deal leaves questions about Ivanhoe’s role unanswered

In response to a recent report by the Wall Street Journal that a Chinese weapons manufacturer China North Industries Corp (Norinco) signed a cooperation agreement with the Burmese regime in early June regarding the Monywa copper mine, Canadian Friends of Burma executive Director Tin Maung Htoo called on Canadian government to force Ivanhoe Mines to “disclose details surrounding the blind trust responsible for the firm’s 50% stake in Monywa copper project officially known as Myanmar Ivanhoe Copper Company Limited” […]