china lashes sino gold

"China lashes Sino Gold

AN AUSTRALIAN mining company has been attacked on official Chinese television for the sorts of environmental, community and financial abuses sometimes associated with Chinese-owned mines in Africa, Papua New Guinea and South America.

China Central Television alleged that Sino Gold, the $1.3 billion company listed on the Australian and Hong Kong stock exchanges, paid virtually nothing for China's second-largest goldmine and proceeded to poison the water, disregard local communities and reap windfall profits in a cozy tax-free deal.

The 30-minute tirade, which advocated even tougher restrictions on foreign investment in Chinese mines, was broadcast nationally twice last week and the transcript reprinted on more than 500 Chinese internet news and blog sites."

Full article at http://business.theage.com.au/china-lashes-sino-gold/20080511-2d15.html

Hmmnn ... could this be another example of political risk about to play out? Not sure, but if this article is correct then I would probably have some concerns if I was a share holder.