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GCM Resources Share Chat (GCM)

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Share Price: 4.625Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Gcm Resources
Spread: 0.00Spread as %: 0.00%Open: 4.625High: 0.00Low: 0.00Yesterday’s Close: 4.625


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fatherjockstrap
Posts: 4,248
Off Topic
Opinion:No Opinion
Price:4.625
3i post
Thu 21:21
http://www.observerbd.com/2016/02/09/135614.php

Geological mapping of Phulbari starts soon
Shahnaj Begum
Published :Tuesday, 9 February, 2016, Time : 12:00 AM View Count : 29
The government is set to conduct "Surface and near surface geological mapping' in Phulbari Coal Mine area.
The objective of the study is to assess the condition for improvement of the geological mapping and interpretation of terrace deposits and other geological features.
"This survey will help us in identifying and positioning geological features at a greater resolution; however, we will do the job through traditional geological mapping and borehole observation, Director General of Geological Survey of Bangladesh (GSB) Dr Nehal Uddin told the Daily Observer.
Phulbari project was stalled in the planning phase when emergency rule was imposed in Bangladesh in January 2007, after widespread protests against the mine. However, following national elections in December 2008, a new administration began reconsidering the mine.
The Phulbari coal project is a proposed open pit coal mine in northwest Bangladesh and includes the construction of at least one 500-MW power plant. At full production about eight million tonnes of coal will be extracted from this mine.
According to sources in the Energy Ministry, the GCM (the successor of Asia Energy) applied to the Bureau of Mineral Department (BMD) to allow it to explore Block-G of Phulbari Coal Field (according to the licence it gets block-B) and BMD received licence renewal fees from the company.
The Energy Ministry sources said that it sanctioned TK 10 Lakh for the survey, "we may go for further surveys there," a senior official of the Energy Ministry said.
However, the GCM it is now running two offices, one at Phulbari and the other in the capital. GCM had 'two exploration licences and a mining lease covering the Phulbari coal deposit,' an official said.
According to the BMD, the company maintains a bank account as per the conventional rules of Bangladesh and also comply with the requirements set by the Board of Investment, Bangladesh Bank and the National Board of Revenue.
According to the Energy Ministry sources, as per plan the Phulbari coal mine will be an open pit one so government wants to know the soil structure of the mining area.
 
fatherjockstrap
Posts: 4,248
Off Topic
Opinion:No Opinion
Price:4.625
plans
Thu 21:19
hus to meet the demand the government is going to develop the local coal mines. However, all the planned coal-based power plants still remain on paper for coal sourcing crisis.

- See more at: http://www.dhakatribune.com/bangladesh/2016/feb/06/bcmcl-propose-feasibility-study-dighipara-coal-field#sthash.teHJhglG.dpuf
FQ320MR
Posts: 3,070
Observation
Opinion:No Opinion
Price:5.00
Hi Hippo
Thu 08:04
Good to see you still alive - yep all good thx - yep this shiite pile is rank for sure as is most of the AIM ..

Off down Cornwall - bought a couple of places down there that need a bit of attention so work + Cider

MR
Hipposyawn
Posts: 1,639
Off Topic
Opinion:No Opinion
Price:5.00
RE: import only
Thu 07:55
Dont know why you bother searching out that tosh anymore mate, this is obviously all finished.

Hope everyone & their families are well.
fatherjockstrap
Posts: 4,248
Off Topic
Opinion:No Opinion
Price:4.625
RE: import only
Wed 21:06
GPback
Posts: 1,220
Off Topic
Opinion:No Opinion
Price:4.625
RE: import only
Tue 20:00
Where does it say that in that?
fatherjockstrap
Posts: 4,248
Off Topic
Opinion:No Opinion
Price:4.625
import only
Tue 19:47
fatherjockstrap
Posts: 4,248
Off Topic
Opinion:No Opinion
Price:4.625
import only
Tue 19:46
ManuDave
Posts: 7,610
Off Topic
Opinion:No Opinion
Price:5.125
L(??)r
3 Feb '16
‹(•¿•)›

Is there anyone else here these days?

2 trades today................positively flying!

lol
ManuDave
Posts: 7,610
Off Topic
Opinion:No Opinion
Price:5.50
L2
26 Jan '16
it was in auction......all that action eh?

lol




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