Sagaing Division In July, the Chinese-owned Tagong Nickel Metal Plant, worth $855 million, located in Hyo Chain Township. On the 25th, the National Unity Government (NUG)-affiliated PDFs took control. Released on the 27th.
The Tagong nickel factory invested by China’s China Nonferrous Metal Mining and Construction is mainly mining the metal and plans to produce about 85,000 tons per year. This project was built between China and the Military Council in 2008, and it is understood that a 20-year contract has been signed.
It is known that on July 25, the striking PDF and Mandalay PDF led the strike, although security was tightened by soldiers and police under the military council in China’s mining factory.
In Myanmar’s natural resource projects, China has taken a major place, and Rakhine State, Kyauk Phyu won the tender in Shwe Gi and the project. It is known that the Irrawaddy Division Myitsone project is also being discussed with the military council to start and preparations are being made to start again.
It is known that the Military Council earns hundreds of dollars every year due to joint ventures with China on local resources worth millions of dollars.
