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It was a long interview to translate and in fairness, the poster May1 who questioned it was correct, much of what was said is a repeat of the previous March interview, or information already known. I have condensed it to enable me to post here with what I feel are the important statements. I did not bother to include parts from Anu Muhammed Former Member Secretary, Oil Gas Protection Committee, we know his views, so did not feel it necessary or the parts that were in the previous broadcast. In the link, feasibility studies were discussed about all mines.
We know Phulbari studies have already been completed!
Bangladesh is facing significant pressure to secure fuel for power generation amidst the high cost of energy in the global market and the experience of a dollar crisis. Consequently, the government is showing strong initiative in harnessing domestic resources. As part of this effort, the Energy Division is moving forward with specific proposals concerning three coal mines from the discovered coal reserves in Bangladesh.
We are working at the Barapukuria mine, there, we will have to mine anew. If we cannot do that, our production of 500 megawatts will cease. We must start coal production within the next two years. For that, two proposals are; some parts will have to be mined through open-pit method, some parts will have to be mined through underground method.” says
Nasrul Hamid, State Minister for Energy Ministry.
If these proposals are approved at the highest level, coal extraction will commence within the next three years.
To date, a total of five coal mines have been discovered in Bangladesh. According to Petrobangla, these coal mines, located in the northern region of the country, Barapukuria, Phulbari, Khalashpir, Dighipara, and Jamalgonj.
Generally, two methods are widely used for coal extraction. One is open-pit mining, which allows for the maximum extraction of coal from the mines. Proposals exist for coal extraction using the open-pit method Dinajpur’s Phulbari and some parts of Barapukuria. The second is the underground method, where coal is extracted from deep within the mines through tunnels. Beyond these two methods there is, coal-bed methane and underground coal gasification. There is a proposal to assess the feasibility of coal gasification in Jamalgonj’s coal mine.
Considering the country’s arable land, the risk of environmental damage, and local opposition, a decision on domestic coal extraction has not been made for so long. Currently, the Energy Division is giving importance to the subject of coal extraction, taking into account the increase of coal-based electricity, imports, and the reality of the dollar crisis.
Nasrul Hamid, State Minster, Energy Ministry
Considering Bangladesh's energy security, the government has been criticized for delaying the decision to extract domestic coal. Now, at a time when global opposition to coal is intensifying, the Energy Division has become active in pursuing
I expect there’s a delayed buy coming but we’ll have to wait a bit to see.
Very quiet today ! But we’re up a tad .
It's true and LTH can spot them easily because they aren't as clued up on the share giving themselves away.
This has to be wind up guys?
'Brokers send their multi ID trolls to facilitate disruption/liquidity,/a short position.'
Come on, there's banter and disagreements and then there is this ha ha ha.
Brokers send their multi ID trolls to facilitate disruption/liquidity,/a short position.
They make 0 impact to the SP.
Fission - I feel like you check this board as much as the ardent rampers just in reverse.
Every morning you hope that there is no positive news/announcement - your heart couldn’t take it seeing as you got previously burnt here.
No one knows AT ALL what will transpire. Some who are more optimistic have placed bets accordingly, some who are pessimistic seem to try and ‘save’ the former. In the grand scheme of things probably best just to move on and see what happens
All I see is a sea of green blocked posts.
@LSE, can you make it that if you block someone they then can’t see your posts. That’ll clean up the bb quickly.
Another clown joins the party
BLOCKED
Back down to 0.8p....You will get no news!
Bangladesh has an installed capacity of over 27,000MW. Half of the capacity stays idle because of fuel shortages.
Bangladesh’s power system is overwhelmingly fossil fuel-dependent, where $33 billion has been invested over the past 14 years.
Idle power capacity generated Bangladesh Tk 1 lakh crore over the same period.
Bangladesh announced 100 per cent electrification in March 2022, months before introducing rotating power cuts because of the fuel crisis owing to the dollar crisis.
https://www.newagebd.net/post/country/233420/load-shedding-more-frequent-in-villages
Header say all & is reasonable I think.
Energy CRISIS not going away - Energy Minister CLEARLY mention Domestic Coal Production needed & Phulbari.
Price consolidate well & we can expect same pattern as after last placing with STRONG push back upwards.
*Also last placing only give us few month clearance with understanding another one due - this one we have funding security into next year & VERY NEAR TERM NEWSFLOW on Project Proposal (see Energy Minister comments).
Reason why I top up with Accumulation strategy twice yesterday and before inevitable squeeze imo of Free Stock availability.
Buy or Not we make our choices & look back after with regret or Joy - but think decision base on INTEL / LOGIC help a lot!
*What intel do Power China/ Domestic suppliers / Feedback from Govt sources have that BB posters do not? - think about this while Trolls play their games! 😏
🦉
I’ve just read this again and its ultra positive. We just need that confirmation that the plans have been presented to the government. I don’t think the government can ignore the coal production figures from our mine. Just need need that ‘Yes’ from them and then the kerosene will kick in 🚀
Tarkadahl, coal can't solve all those problems, what a calamity the country is suffering and all the business leaders can do is have a preparatory meeting. I can see an army coup brewing when society collapses.
If they are not jabbering they might be getting something done instead.
You had news on Sunday no??
Err, maybe there's no news to find?
Just saying.
Give them coal instead…👍🏼
https://www.tbsnews.net/economy/business-leaders-meet-pm-over-gas-crisis-835046
Jeeezzz trying to find any sort of news at the moment is worse than when everyone was on holiday recently 🙄🤷♂️
Is the wos a cuckoo in the nest ? Hope not….
A day old
Probably a Wos sell
Well done mister wos. Sneaky trader;)
Nice 675K buy @ 7.07p
All coming together nicely.
Nice to see.
My buy just gone through.