Australian Govt Report Slams Mining Firm s Links to Myanmar Junta irrawaddy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irrawaddy.com Daily Mail and Mail on Sunday newspapers.
Woodside forced to change tack
Woodside, Australia’s largest oil and gas company with a license to drill for natural gas in the Rakhine Basin, has felt the pressure of community protests and changed tack.
Following the February 1 coup, Woodside initially said their “drilling campaign remains on schedule”. Chief Executive Officer Peter Coleman told
Energy News Bulletin, “It’s not up to us to judge the veracity of grievances [the military] have around the previous election process.”
In response to the vehement backlash to these comments, Coleman released a media statement on February 19, which said: “I regret that I made some remarks in a media interview that have been interpreted as condoning what has occurred in Myanmar.”
Revealing the dubious links of an Australian company in trouble-wracked Myanmar watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.
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When Myanmarâs military dictatorship imprisoned the countryâs democratically elected leader, Aung San Suu Kyi, earlier this month, one of the ramifications was the trading halt on the Australian Stock Exchange of a small Australian listed mining company, Myanmar Metals.
The companyâs key asset â a silver and lead mine in the war-torn Shan state that was once touted as the greatest deposit in the British Empire â was suddenly facing a surge in local violence and ongoing political uncertainty, the company said in a statement to investors. The ministers overseeing mining in the country had changed and there was the possibility of renewed international sanctions.
Revealing the dubious links of an Australian company in trouble-wracked Myanmar theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.