US Korea Institute

Saturday May 28th 2016
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Posts Tagged ‘mining’

Hiding in Plain Sight: Cowboys, Conmen and North Korea’s $6 Trillion Natural Resource Prize

Hiding in Plain Sight: Cowboys, Conmen and North Korea’s $6 Trillion Natural Resource Prize

EXECUTIVE SUMMARY Kevin Leech became a billionaire through a series of investments in pharmaceutical and technology companies after selling his family’s 38 funeral parlors across England. After losing everything when his company, an internet incubator named Ci4net.com collapsed, Leech emerged from bankruptcy in 2005 and engineered a series of [...]

The New UNSC Sanctions Resolution on North Korea: A Deep Dive Assessment

The New UNSC Sanctions Resolution on North Korea: A Deep Dive Assessment

UN Security Council Resolution 2270, passed on March 2, 2016, substantially shifts the multilateral sanctions regime on North Korea. It not only bolsters existing provisions, but also moves beyond sanctions that rest on determinations that a proscribed activity has taken place, such as arms-related proliferation. Photo: Brendan [...]

Recent Imagery Suggests Increased Uranium Production in North Korea, Probably for Expanding Nuclear Weapons Stockpile and Reactor Fuel

Recent Imagery Suggests Increased Uranium Production in North Korea, Probably for Expanding Nuclear Weapons Stockpile and Reactor Fuel

Summary North Korea is expanding its capacity to mine and mill natural uranium. Recent commercial satellite imagery shows that, over the past year, Pyongyang has begun to refurbish a major mill located near Pyongsan that turns uranium ore into yellowcake. The renovation suggests that North Korea is preparing to expand the production of uranium [...]

North Korea’s Expansion of Molybdenum Production

North Korea’s Expansion of Molybdenum Production

Summary North Korea’s expansion of the March 5 Youth Mine—a showcase facility intended to produce non-ferrous metals encompassing almost 2,500 acres near the Chinese border—began in 2008 and culminated in summer 2014 with the completion of a molybdenum production facility. The factory represents a notable expansion in Pyongyang’s [...]

The Diminishing Returns of China’s North Korea Policy

The Diminishing Returns of China’s North Korea Policy

North Korea’s economic dependence on China may have reached an all-time high, but Kim Jong Un is determined to set a course for greater political independence from Beijing. This has left China in a state that one insider has referred to as ‘desperate’ over its rocky relations with the country since Kim Jong Un came to power. But given that [...]

Credit for photo of young North Korean girl: T.M. All rights reserved, used with permission.