Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I wonder if with that tick up we have seen the last of the placing stock placed into the market... I guess a few buys at full ask and we will soon find out ;)
Up she goes!!! 7.25 - 7.50
I think it's also fair to say that the proposal has been submitted to the GOB and is being reviewed as we speak.
So in effect, the next news could simply be the decision from GOB to go ahead and ........... SONIC BOOM!
Say no more...
Yes Redeyes, as you and May1 have said, there is a lot of old info in the broadcast, but we did also new stuff from Nasrul Hamid, and I may be totally wrong, BUT i just can't see the Energy Minister having a live BBC Bangla interview saying that he was going to present the idea of "Open Pit Mining at Phulbari" and that in his opinion Phulbari should now be mined, and also mined with in the next 2 / 3 years if PM Hasina had not agreed to it....
Firstly let me thank you Searcher for all this work.-----now lets see what's really there.
----The thing to take on board is that this is almost a BBC programme, and has included lots of past comments and history to give a complete picture, so we have to start stripping out old stuff and attributing the new stuff to the correct party, and that may not be how the BBC have made it come across.
-All the part starting ---"we are working at the Barra mine" is old and came from the CEO (i think) of Petrobangla last year--( and not as the BBC made it sound , from the Energy Minister in his recent comments)--What he really wanted to say was that Petrobangla's other deposit at Dighipara is ready to be mined via the underground method bla bla bla.
-The point the BBC failed to push was that the Energy Ministry has been looking again at all the coal deposits and studying how each can be utilised.
----You have to remember that Shk Hasina herself attended one of the EM meetings earlier THIS year, and its a dot on the cards that coal extraction and Phulbari was top of the agenda.
-So now we come to the comments from the Energy Minister, given to the BBC last week, that have created all the excitement, and that the BBC have built this programme around.
----These are the only bits of the whole thing that really matter..
-
----"If these proposals are approved at the highest level, coal extraction will commence within the next three years."
---"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 coal extraction"
-
-Everything is in front of the Ministry and Hasina and decisions are being made,.-----Locked and Loaded
Morning searcher. Nice transcript and as you say must be approved for publication by Hasina. Hamid isn’t a maverick, he won’t go against her.
Onwards and upwards.
ManuDave, morning mate, it does make nice reading, especially as its coming from Hasrul Hamid, (the Energy Minister) ... and although we have heard some of these comments in the press recently, it is nice to hear it officially on a BBC Bangla broadcast though :)
TQ Searcher.
Rather obvious there is background loading and i's and T's to dot/cross.
I'd say once these bits are ironed out, the SP will be trading in the double digits and no more single digits. Rather obvious I would have thought.
One thing for sure - any info to go ahead with coal mining and it will be tad bit late to get in on single digits and it's coming soon.
Searcher, they have no choice but to give us the 👍🏽
Thank you for translating.
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
Zzzzz
Thanks, Searcher.
Love the way it says “we must start coal production within the next two years”, then “If these proposals are approved at the highest level, coal extraction will commence within the next three years”
Decisions, decisions…
Thanks for that Searcher.
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.
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 coal extraction.
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