Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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The irony is they won’t have the guaranteed electricity to recharge those beasts and they will be very expensive I’m guessing. It would be silly to have to run diesel generators to charge them even though these have been the norm in BD for decades.
Still, it’s good to see where technology is taking us.
I have no experience of mining equipment, but just from a quick google search, it does seem to be available, and after watching some of the videos in the link below, seems to be the way forward in mining equipment….. The link is showing equipment for underground mining, but there are also others with open pit mining equipment….
https://www.epiroc.com/en-uk/innovation-and-technology/zero-emission?gad_source=1&gclid=Cj0KCQjwk6SwBhDPARIsAJ59GweDk07rXYVWZtPwqAfsNxXAAnf_6wvjvzWHUgj6Fx7JqdMO2AcezWUaAtOPEALw_wcB
....dump trucks - DJM27 interesting post but how up to date are you on your electric vehicle technology.
A few weeks ago I saw a photo of an electric (battery powered) dump truck working at Pilbara, Western Australia - load capacity 300 tonnes.
Doing a google check this am, it is now 400 tonnes. A lot of the technology is F1 stuff with energy recovery from the braking systems. These machines are expensive to buy @ 2.5 X normal diesel machine costs but what a fantastic selling point for the project at Phulbari.
I am probably the only person on this BBD who has his own machines - here in SW France - a Jeremy Bamford JCB digger and Terex 1 tonne dumper - luvvly, like co-workers on the project, those big Komatsu machines are 'deal-makers' - how can anybody talk them down, Interestingly, one of the biggest manufacturers is an Indian company, I'm sure the Chinese can copy those if necessary.......
Owl you really need to think about what your saying here more often
Atb
Any deal will be influenced by Chinese ‘high ups’. We won’t have access to those discussions of course. But the decision if it comes could easily be in the press before it can be RNS’d to us.
So, take a position if you want (I’ve tried to buy GCM on news and it’s a fill and kill for any decent size) and sit and wait.
I think submission of the project to GoB will be RNS’d as it is market sensitive imo so based on comments I’ve read this will be any day.
*Can't
Owl you have misunderstood Phulbari.
He basically said Bangladesh government does not always act logically.
Regardless of where you pick to invest, you control the government Bangladesh's decisions.
Ilogical or logical.
Mr Phulbari
I cannot afford to make Investment DECISION base on illogical view BUT I take as many factor as I can - this is BEST we can do or better we do not even enter investing space.
For me one of biggest factor which i fluence Hasina before is view of local people which she want to respect - NOW we see Local people SUPPORT Phulbari development.
You see I have use LOGIC here and even when we say Hasina make bad decisions in past logic should make us still ask WHY she did this. Part of this we isolate and look at current.
Now we have understood this and see that situation change we can make INFORM investment decision base on ALL know factor.
*Add to this all other factur we discuss like Energy Minister statement, 2 way Govt dialogue, Petro China (with highest level Govt contact) development, FX critical situation & borrowing problem etc).
Now maybe you understand where CONFIDENCE come from and not just lazy Hope! 🦉
"...why we expect Phulbari go ahead in next few weeks!"
Your words, WiseOwl. But are they wise?
Those of us who understand that logic and Bangladesh do not always hang together will watch this space with interest.
HenrytheEighth .Mining equipment. The size of equipment needed for open cast mining means that it can never be electrically powered . Diesel or hydrogen powered engines are needed to propel the machine either through Torque converters or electric motors powered by the engine. Dumpers have a capacity of up to 500 tonnes per load and bucket size for excavators is up to 50 tonnes. (Ten gob fulls to fill a dumper). Engine size required is typically between 2,000 and 5,000 Hp. Electric power is only feasible for Baby equipment according to Lord Bamford (JCB).
SOLAR PARK Project is linked to Phulbari development also for those talking about Eco impact but header is about Hasina decision.
Will understand latest Info / Intel make this clear for those who still rely on Old Info. Keep up!
Professor Islam did have lot more support in past but if you look at his group development and key supporters in higher positions. will understand the support base is much weaker then before.
From base mass support level most of this was from LOCALS before so if we want to understand position NOW we must look at LATEST info!
"Feedback from GOVT AGENCIES I ducates the desire for the local people to be stakeholders and to be motivated to support projects ie offer employment, provide education and fairly compensate for land required and people displaces.
The Project's Resettlement Action Plan (RAP) COMPREHENSIVELY deals with the government's desires for the local people. The SPECIFIC REQUIREMENTS OF THE LOCAL PEOPLE was captured in surveys covering families within and immediately adjacent to the Project Area" - RNS 29th Jan 2024.
Prof Islam's support base is now his OPPPSITION and takes away major obstacle for Hasina when she say she want to support local community.
Maybe understand now (with all LAT ST Intel) why Hasina look to give Phulbari go ahead with Community Suppport and coubtry ECONOMY CRITICAL!
No need to be self proclaim "Hasina Expert" to understand this basic points and why we expect Phulbari go ahead in next few weeks!
🦉
Very true horse one, but those kilns could be powered by renewables.Problem is, renewables are just not cheap enough yet.
But yes, fair one, one of their main exports is something that produces a shed load of pollution.
....good, I am glad you got it - the generator(s) is next door at Phulbari so the carbon footprint for transport / logistics will be minimal.
Add in a solar farm on site, electric dumpers & diggers, staff in well paid meaningful employment (not subsistence rice growing) and you start to see it all come together....
The problem on the horizon is her, Hasina. She got it wrong, but it was somebody else who made the mistake. Tucked up by the Indians - that was Nasrul at fault.... We still have a long way to go.
It will free up a lot of cash to develop a renewables strategy, everywhere needs base load, their best chance is the mine, the lower cost of energy will benefit the wider economy. They're either burning imported coal and broke and going more broke or they are pragmatic and have a pathway forward.
What is the main cause of pollution in Bangladesh?
Brick kilns, surface dust, and vehicle emissions are responsible for roughly 85% of the city's air pollution, while artificial sources are more distributed and actually contribute more. By 2020, the 4500 brick kilns around the nation are anticipated to grow by 50%
This is definitely a stumbling block.
Bangladesh was the worlds polluted country last year.
https://ibb.co/cwF8mLM
If they start agreeing to ever more coal mines, there's no doubt that the world climate change bodies will not be happy.
That said, the irony is that it would actually work out better for the environment, as there would be very little emissions owing to logistics, compared to importing coal from other countries.
The problem is that Professor Islam and his National Committee (un-elected) can punch above its weight and, in such a renta-crowd environment as Bangladesh, they can mobilise a lot of opposition. They would also tap into their green allies around the word. That is, and always has been, the challenge, and it is what has consistently weighed on Hasina's mind. They could stir up a hornets' nest of protest. GCM may be confident that they have everyone on board in those rice farms and in the main urban areas, but they thought that in 2005/6. It also true that the coal seam sits primarily under paddy field, but the number of people to be re-settled will quickly get exaggerated by the nay-sayers, as happened before. This is not to say the mine won't get the go-ahead, but Hasina has to be very confident of her ground before having a big hole dug in her backyard. Balanced discussion needs to take this into account.
The Scheme of Development includes all environmental considerations as developed by Asia Energy in April 2006.
https://www.gcmplc.com/phulbari-coal-project/overview
Why can't this board have normal discussions.
It's actually laughable.
that guys taking ****e then !!!
GCM has had all studies done including environmental & social impacts.
It is the only coal development that is ready to go ahead now
Any project in the UK will require an environmental study before it gets approval!! Will this project require something similar or has it all ready ticked all the boxes as far as the environment is concerned?? Searcher any ideas ???
Thanks Doze,
Much appreciated mate.
It is a complicated one.
If the green light is given, all those issues will naturally fall into place one would assume.
Things are heating up very nicely.
Regarding
mankini i think it was mentioned in the rns that the locals are on board now! it’s the usual environmentalist *******s that has already been addressed in the study.
Doze
I would recommend looking at Fulbari on Google maps, not a very big place really, honestly not sure where the actual coal/ mine will be situated but the vast majority of the area is farmland with a main st.