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Thank you Adam
Good work Adam đź‘Ť
Thank you for calling and relaying that to us, Adamk!
So i just called our Nomad, receptionist put me through to ** in wealth management and he said although he’s not the correct person to talk to, it’s normal for any background checks to take weeks especially if the business is overseas and the nationals in question are foreign, that it’s nothing to worry about, having asked company name just before that. He can’t give market sensitive info but was very reassuring.
I was reading your post @ 10.06 Searcher, regarding the drip drip feed very interesting. Personally I think that it's the Bangladesh governments way of introducing the new concept of mining in the country, without causing too many shockwaves within the general public. A good way of keeping the minority agitators in their boxes, allowing a smoother transition to the enivitable way forward. Can't wait for this to preclude as it enevitably will do.
Thanks Searcher
I enjoyed reading your translation more than the youtube video.
Blumagnet, translated its another reporter asking the value of all Bangladesh's mineral resources .......
"What is the secret of mineral wealth in North Bengal? What is the price of the country's natural resources, mineral resources and reserves?
This Bangladesh is full of mountains, forests, canals, rivers and canals. The evergreen country is rich in natural beauty. Although not big in terms of size, this country has several natural and mineral resources including gas, coal, iron, limestone. It goes without saying
Bengal's natural beauty is rich in minerals. However, this country is not dependent on mineral resources. However, this country has some natural resources such as natural gas, coal, fuel oil, limestone, gravel, shale, uranium, glass sand, porcelain, hard rock, peat coal, brick clay, peat, beach sand, heavy pearls, heavy metals and lime stone- - Scattered all over the country.
Some of which is being extracted - the rest is buried underground. The government has taken various projects to utilize these mineral resources. Meanwhile, oil fields have also been discovered in this country. And a large part of the country's mineral wealth is in the northern region. Why are there so many mineral resources in this region? Are they more expensive than gold? And how much is the price of natural resources in Bangladesh?
How are so many mineral resources stored under the soil of the region? Is it possible to extract all these resources? With the answers to these questions, I have prepared this episode with the introduction of mineral resources of the country."
Https://youtu.be/WEGEED_Eymc?si=KncLeHitHIQU_qbn
Creditable youtuber in bangladesh 4 mins into the video mentions phulbari (very recent video)
Obviously his heard some news regarding extracting coal in bangladesh to have this clip in his video
Plus it looks like bangladesh is looking at all aspects of mining, so why would you isolate coal if your going to extract everything else
Recommendation for open-pit coal mining......
The PR started much before just the last few weeks imo, and even as far back as 2022 when the questions were put forward in their houses of parliament in front of all the MP's ?? ...
In his tresponse, State Minister for Energy, Power & Mineral resources has said, want to make response giving some information on this. There are 5 discovered coal fields in Bangladesh: Barapukuria, Phulbari, Dighipara, Khalaspir and Jamalganj. We can extract coal from Phulbari by open pit mining method. About 90% coal can be extracted removing overburden materials. Currently we are mining coal from Barapukuria at a daily rate of 1500-2000 tonnes through underground method. What I have said, open pit mining is only feasible in Phulbari. Other deposits are to be extracted by underground method
https://www.energybangla.com/open-pit-coalmining-possible-at-phulbari/
Classic PR Searcher. Started softly softly, now starting to get a bit more specific but only if certain conditions are met, like the water problem. We already know these conditions can be met.
Expert Proffessor M Tamim nails it - My point is there has to be an honest examination of the proposal. Don't be afraid of engineering challenges. No big project in the world, no mega project has been without engineering challenges.”
All over the UK land, homes and towns have been lost in the name of progress - whether its HS2, or a new airport or a new reservoir, the greater good of the country comes first. Bangladesh has now reached that same conclusion.
- Proposal submitted within 13 days
- 100 billion $ asset
- Active buyer
- Small free float
- Bangla needs our coal more than we need them
Perfect storm is brewing boys. Once we break 13p it’s a clear run up to 40p
Yep, YKIR, I was discussing it with a friend earlier, and said to them, its no different to when you have events like the budget in this country, all the news is drip drip drip fed out to the public, so that when it actually does get announced, its no great shock to anyone …. Bangladesh is no different, and imho, this is exactly what is happening at the moment …. Lets see what news follows up from this interview with the energy minister …..
'State Minister for Energy Nasrul Hamid said, I think coal should be used up.'
We can be sure Nasrul Hamid would not be making such statements without Hasina's authorisation. For the last few weeks it's been a constant drip drip of hinting at digging their own coal and setting out the reasons why. Classic PR. When the news is announced there will already be an acceptance of what needs to be done. That Bangladesh has no alternative. It has tried everything else and it has failed. To keep the coal power stations already built running they have to dig their own coal.