Thursday, October 12, 2006

Proud to be Australian

Its really heart-warming to see that the Hun-Sensation is getting a warm welcome from the Australian government. In return for behaving like a true statesman and condenming his friends in North Korea for their rogue ways in unison with Howard, deals that will no doubt benefit everyone are being struck left right and centre, and also:

BHP Billiton/Mitsubishi sign agreement to explore for bauxite in Cambodia 10.11.2006, 01:48 AM
SYDNEY (XFN-ASIA) - BHP Billiton and Mitsubishi Corp have signed an agreement with the Cambodian government to explore for bauxite in eastern Cambodia, BHP Billiton said. A BHP Billiton spokeswoman said the two companies will also look at the potential for constructing an alumina refinery if bauxite mining proves feasible. 'It is very early days with pre-feasibility and feasibility studies still to be carried out,' she said. The spokeswoman said the studies will include environmental impact and the possibility of unexploded ordinance being within areas which may be mined. She said BHP Billiton and Mitsubishi will have exclusive rights to negotiate a mining agreement with the government once the initial studies and exploration work are completed, which is most likely to be by the end of 2008. Earlier, Cambodian Prime Minister Hun Sen, who is visiting Australia, and Australian Prime Minister John Howard ratified the agreement at a meeting in Canberra.

Its nice to see that all that deforested land will be put to something useful. Current information puts the size of the concession at 1 million hectares - which represents %5.5 of the entire country! It should also be noted that BHP are also in on the great oil game that is currently taking place in Cambodia, as they have exploration rights for one of the offshore blocks near Thailand. Roll on resource curse...

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