Tuesday, October 16, 2007

Ivanhoe divesting from Burma

Here's a piece from the Tyee about Ivnahoe's reaction to current events in Burma:
Today Ivanhoe Minerals Ltd. is one of a dwindling group of B.C.-based resource companies connected to the Burmese military government. But in the wake of the recent violent repression of protests in the country, Friedland surprised many last week by not only denying his Ivanhoe Mining Ltd. was still connected to Burma, but by denouncing his former military business partners.

"We share the revulsion of right-thinking people everywhere against unwarranted assaults on Buddhist monks and civilians," read a statement from Ivanhoe directors released Oct. 3, adding that the company "deplore[ed] the fact that so many years of discussions within Myanmar about constitutional change now appear to be jeopardized by the reactions of the state."

Read the entire article here.

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