Регионы в современном мире: глобализация и Азия. Зарубежное регионоведение - стр. 62

In March 2010, The Union of Myanmar Economic Holdings Limited (UMEHL) nationalized 7,867 acres of land for the Letpadaung project. When Chinese Premier Wen Jiabao paid a state visit to Myanmar, the UMEHL and Ministry of Mines from Myanmar side and China North Industries Corporation (NORINCO) signed a US$ 1,1 billion joint investment for Letpadaung Copper Mine Project [Maung Myoe, 2015. P. 38]. Upon investigating the background of NORINCO, it became apparent that is China’s military-owned company. The same applies to its counterpart UMEHL, that was also backed up by the Myanmar military71. Only Maung Aung Myoe mentioned these facts [Maung Myoe, 2015. P. 39]. A. Clapp Priscilla reported that Wanbao is a Chinese state-owned company. No one knew when the agreement took place, and how did the parties reach a final agreement [Priscilla, 2015].

However, we should not neglect the fact that Wanbao company is a daughter of NORINCO. Before the NORINCO started managing the completed project, Wenbao Mining Ltd founded two subsidiaries such as Myanmar Wenbao Copper Mining Limited and Myanmar Yang Tse Copper Mining Limited [Myanmar Wanbao Company Limited’s webpage]. It could be confusing for researchers because Ivanhoe controlled the whole Monywe project under the same administration when they managed all mines before [Amnesty, 2015. P. 10]. For Letpaduang Mine, Myanmar Wanbao Copper Mining Ltd has managed the entire project, and Myanmar Yang Tse Copper Mining Ltd has handled the Sabetaung and Kyisintaung mines since 2010 [Amnesty, 2015. P. 10]. The only Letpadaung project became a center of international dispute and a dilemma of Sino-Myanmar relations similar to Chinese mega-projects in Myanmar. It happened because the late Myanmar Military government finalized all significant Chinese investments’ agreements before they transferred country power to the civilian administration in the mid of 2010 [Priscilla, 2015].

On 30 September 2011, the new government’s President Thein Sein suspended the Myitsone Dam General Project. This project is one of the significant Beijing ventures in Myanmar, and two countries reached the final agreement before Myanmar’s first democratic government era and Maung Aung Myoe also highlighted similar idea in his work [Maung Myoe, 2015. P. 37]. Many Myanmar people believe that China is trying to take all of Myanmar natural resources for their development benefits