is reporting that "Papua New Guinea landowners have won a David and Goliath battle to freeze a Chinese nickel miner's construction of a massive pipeline to dump waste into the sea. The national court in Madang on Friday ordered work to stop on the nickel mine's previously approved submarine tailings disposal system. The Ramu mine in Madang Province, on PNG's northwest coast, operated by the Chinese Metallurgical Construction Group Co (MCC), plans to dump five million tonnes of slurry waste annually into Basamuk Bay."
The Chinese Metallurgical Construction Group is part of the China Metallurgical Group Corporation
, which is a state-owned enterprise engaging in EPC (engineering, procurement and construction), natural resources exploitation, papermaking, equipment fabrication, real estate development. Its subsidiary, China Metallurgical Corporation Limited, is listed on both the Shanghai Stock Exchange and Hong Kong Stock Exchange.
The company states on its website
that it "has to date invested as much as US$1 billion in mining resources abroad, and owns many production facilities and claims of resources including iron ores, copper, gold, nickel, cobalt, zinc, lead and aluminum".
This is an interesting story in relation to my posting last week
on Deborah Brautigam's book The Dragon's Gift: The Real Story of China in Africa
, which suggests that we need to look behind the media hype that Chinese investment is destroying whole ecosystems.