Tuesday, December 22, 2009
China's mining project in Nevada declined by the Obama administration
In a recent New York Time article "Chinese Withdraw Offer for Nevada Gold Concern" reported that China's plan to invest in a mining company in Nevada was denied after Obama administration officials raised national security concerns in the deal. The parallelism of China's intention in Nevada and Tay Nguyen is alarmingly clear; China wants to secure and expand its global supply of precious metals (e.g. aluminum, uranium, zinc), along with its ulterior motive of undermining the national security of other nations. China's investment attempt in Nevada was denied due to its proximity of "the Fallon Naval Air Station, as well as other sensitive and classified security and military assets that cannot be identified,” according to Treasury officials. In the United States all foreigners trying to acquire critical American assets will be examined by a review panel from the Treasury Department. However, the situation in Vietnam is less transparent. Even with public scrutiny and rejection by many experts and officials things can still find its way to move forward, and that is a very dangerous situation in Vietnam. There are no independent panel set-up to review and protect key national resources. At the time of this writing China's mining project in Tay Nguyen is still underway. Why it must be stopped: Bauxite Mining in Tay Nguyen - An environmental massacre.
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