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Aung San Suu Kyi Warns Unilateral Break-Off Of Project To Lose Int'l Trust
Source: http://news.xinhuanet.com/english/world/2012-11/25/c_131997593.htm
Source Date: Monday, November 26, 2012
Country: Myanmar
Created: Nov 25, 2012

YANGON, Nov. 25 (Xinhua) -- Myanmar's opposition leader and parliamentarian Aung San Suu Kyi on Sunday urged transparency in implementing government projects and warned unilateral break-off of ongoing projects would risk loss of international trust, local press reported Sunday.

"It needs transparency before implementing government projects and unilateral break-off of ongoing projects will lose international trust," local media Messenger quoted Aung San Suu Kyi as saying in response to the issue of Monywa-Letpadantaung copper mining project faced with interruption.

Suu Kyi, who is also chairperson of the Committee for Rule of Law and Tranquility of the House of Representatives (Lower House), told the media after Defense Minister Lieutenant-General Wai Lwin warned at the 5th session of the Lower House of deterrent to the influx of foreign direct investment if contracts with foreign countries were broken by Myanmar without keeping promises.

Suu Kyi told the press that "Contracts have been inked with the Letpadantaung copper mining project. If unilaterally canceled, compensation must be made. If wanting to stand up as a commensurate country in the international (community), it must keep promise, stick to words as promised. If the country comes to be considered as loss of promise, unable to do business with the country, (it) can cancel the business undertaking at any time, then investors can no longer take interest in investing in the country."

At the 5th session of the House of Representatives (Lower House) on Friday, a proposal was submitted by Pale constituency MP Daw Khin San Hlaing, urging the president to form an independent state- level commission to probe into the case of Monywa copper mining project.

The Monywa copper mining project comprising Latpadantaung and Kyayzintaung projects in Myanmar's northwestern Sagaing region has been undertaken by the Myanmar Economic Holding Ltd, China's Wanbao Mining Ltd and Yang Tze Copper Ltd since early this year.

Demonstrations have been taking place intermittently this year after the project was suspended which caused big losses, said Wai Lwin.
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