Wanbao Mining

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Wanbao Mining Ltd.
IndustryMining, smelting and processing
Founded2005
Headquarters
Parent
Subsidiary of China North Industries Corporation
Websitewww.wbmining.com

Wanbao Mining is a

Democratic Republic of Congo, Gabon, and Myanmar.[2][3]

Myanmar

The company is active in Myanmar, most notably developing a copper mine at the base of the Letpadaung mountain.[4] Land acquisition has been a contentious matter in the expansion of the mine with protests by villagers following a proposed buyout of land encompassing 26 villages.[5] Wanbao made an initial offer of $600 per acre in addition to relocation to new housing, a proposal that was accepted by many in the villages but refused by holdouts who saw the compensation as inadequate for the low price and loss of livelihood.[5] There were intermittent protests by hundreds of villagers against the project starting in the summer of 2012 with tense police confrontations leading to the arrest of dozens of protesters.[5] These village protests were effective in bringing a stop to development of the mine in November of the same year.[3]

After the halt of mine construction, the company shifted tactics and worked with

Wall Street Journal article which included an interview with the company president Chen Defang.[3] The image building campaign documented by the Journal quoted Chen Defang as humbled by admitting error in previously ignoring community opinion and described a multi-day tour by Chen Defang with Aung San Suu Kyi to discuss with affected villagers concerns over the project.[3] The company president made pledges about building a library and other civic infrastructure, creating local jobs, supporting local small businesses and raising the amount of compensation for land from $600 per acre to $700–1200 per acre, depending on the use of the land.[3] In March 2013, the project gained crucial support when a panel led by Aung San Suu Kyi recommended mining construction resume due to the importance of the mine to the economy.[3]

Democratic Republic of Congo

In the

2008 financial crisis, but on the other hand ridiculed the company for very shabby furniture and offices.[6]

References

  1. ^ "Business". Wanbao Mining.
  2. ^ "Libreville accorde une autorisation de prospection de fer à une société chinoise". Gabonnews. Dec 16, 2005.
  3. ^ a b c d e f g "China Firm Reflects Myanmar Changes". The Wall Street Journal. March 25, 2013.
  4. ^ "China Tries to Improve Image in a Changing Myanmar". The New York Times. May 18, 2013.
  5. ^ a b c "Mine Protests Challenge Myanmar Reforms". The Wall Street Journal. September 24, 2013.
  6. ^ a b "Chinese involvement in DRC". Open Society Initiative for Southern Africa.
  7. ^ a b c "Chinese Mining Operations in the Katanga Democratic Republic of Congo" (PDF). Rights and Accountability in Development.
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