An April 2010 contract for the sale of copper produced at the Monywa copper mine obtained by Mizzima shows that the Myanmar Ivanhoe Copper Company Limited (MICCL), which runs Burma’s largest mine, uses a Singaporean bank account to circumvent Western sanctions against Burma when it receives overseas funds used to purchase copper produced at the controversial mine. Full Story
Singapore bank aided junta-linked Burmese miner evade Western sanctions
Mizzima.com, 4 Aug 2010
Myanmar Ivanhoe Copper, the blacklisted joint venture that runs Burma’s largest mine, uses Singaporean bankers to evade Western sanctions against Burma when it receives payments for copper from the controversial Monywa mine, a copy of a copper sales contract reveals.
An April 2010 contract for the sale of copper produced at the Monywa copper mine obtained by Mizzima shows that the Myanmar Ivanhoe Copper Company Limited (MICCL), which runs Burma’s largest mine, uses a Singaporean bank account to circumvent Western sanctions against Burma when it receives overseas funds used to purchase copper produced at the controversial mine. Full Story
An April 2010 contract for the sale of copper produced at the Monywa copper mine obtained by Mizzima shows that the Myanmar Ivanhoe Copper Company Limited (MICCL), which runs Burma’s largest mine, uses a Singaporean bank account to circumvent Western sanctions against Burma when it receives overseas funds used to purchase copper produced at the controversial mine. Full Story
