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Thursday, July 09, 2009

China arrests foreign mining employees after deal folds

Once again, take a good look at the world business partner. The Australian mining giant Rio Tinto recently pulled out of a multi-billion dollar deal and now their employees have been arrested and charged by the Chinese government. Beijing is completely unstable and untrustworthy. Why would any foreign company want to risk doing business with this bunch? The high mark may indeed be over or coming to an end. CNN:

Four employees of the world's second-largest mining company were arrested in China on suspicion of espionage and stealing state secrets, after having been detained days earlier, state-run media said Thursday.

Four employees of Rio Tinto -- one Australian and three Chinese -- had been held since Sunday, said Australian Foreign Minister Stephen Smith.

Under Chinese law, suspects are officially charged when they are arrested, a distinction from being detained.

Officials with the Ministry of Foreign Affairs offered conflicting information at a news conference, saying the four workers were detained, not arrested.

China's reason for holding Australian Stern Hu "came as a surprise" to the Australian government, Smith said.

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