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YouKnowItsRight, you may be right, but I will find the interview later where Anu stated that he believes that mining the countries coal will now have to be done although as I have said he did state that although they have little choice now but to mine their own coal, it will still be a disastrous to do so for the country, but with his stance and opinions, he would say that…
Also, as I have said recently, it was reported that he and some of his anti mob visited the area of Phulbari and were chased away by the villagers…..
I am sure that probably had something to do with the fact that they will be paid as reported in the same interview where Anu said that the country would now have to mine their own coal, the villagers would be paid five times the value of their lands value in compensation …
The government is reviving plans to extract coal through open-pit mining............
https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition
State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”
Great find Blumagnet, I have to be honest, and I am sure that others that have been invested in GCM for the all the years that I have and post on this board, of which there are many, will also agree, I have NEVER have I seen soooo many You Tube links, press articles or heard Hasrul Hamid (The Energy Minister) mention Phulbari, and open pit mining, so openly, so much and so positively!!!
Over to you PM Hasina 😉
WiseOwlSpeak I do not know what you are on about .
I am ripley 94 , there is a different poster on this site mr ripley , that is not hard to understand ?
You have now made me suspicions of your posts .
Searcher just last month Anu was agitating violence again.
'Former Jahangirnagar University professor Anu Muhammad told The Business Post that investing in coal-fired power plants was a ‘misguided’ choice. He cautioned that attempting to compensate for this error by extracting more coal would lead to further calamities.
He emphasised the sacrifices made by the people of Fulbari in 2006 and their readiness to do so again if required.'
I wonder what really happened to his toes? At least he's got other things to think about now and can leave the people of Phulbari to make their own decisions of what is best for them without Anu's mob pressuring them.
Owl, if you can’t see the irony to your own post that is hilarious
Pot, kettle, black comes to mind lol
Yes, you are correct Blumagnet, this You Tube link does discuss Phulbari, open pit mining and GCM, underneath the video is written the following, but obviously you only have to listen to the video and you can tell that it discuses a lot more……
Huge reserves of coal in 5 mines! Bangladesh will extract coal from 5 mines
Bangladesh is preparing to mine its own coal to reduce energy crisis and import dependency in the future while there is also a plan to mine coal in an open method. So far five coal mines have been discovered in the northern part of Bangladesh. These mines have reserves of 7,823 million tons of coal. which is sublimation
If you can do it, the country will be self-sufficient. If you can export dice, Bangladesh will become a rich country overnight. How is coal mined in the open pit? When will the country's five coal mines start to lift? I will tell you that in today's video, let's start...
https://www.youtube.com/watch?v=Xa2XCBXJp6w
The second You Tube link again discusses Phulbari, and underneath states the following
New plan to extract coal from mines in the country If this coal is raised, the crisis will be removed coal mining in Bangladesh
New plan to extract coal from mines in the country If this coal is raised, the crisis will be removed coal mining in Bangladesh
Coal accounts for 26.5 percent of the world's total fuel consumption. And 41.5 percent of the total electricity produced in the world comes from coal. Australia, India, China and the United States have the highest coal consumption in the world. But a major cause of climate change is the use of coal. The world's "dirty fuel"
Big countries were moving away from coal. But due to the increase in global energy prices in recent times, various countries are giving priority to coal again. Due to the high price of energy in the world market, Bangladesh also wants to look at the stored coal. This time, the energy department has adopted a new plan to meet the needs of the energy sector with domestic coal. A new plan has been adopted to lift the country's coal. What is that plan?
Is there? or how the coal will be hoisted. With the answers to these questions, I have prepared this episode with the beginning of coal mining in the country
https://www.youtube.com/watch?v=ozKvBDJy5_A
Good find mr Blumagnet!!
Mr Ripley
Instead of giving lectures spend time like Mr Searcher, Papiklon and others who give us USEFUL info we can use to make INTELLIGENT invest ent decisions by.
I remember few time you tell everyone you sell and then or ce shoot up - then you sayceas not you but someone who use your username(?).
Game playing is not done by ones who actually give INFO & LINKS to source material I think!!
Be Wise sir 🦉
Cracking find Blumagnet
Topped up today at the placing price 6.5p which puts to bed those saying difficult to buy .
My main broker often blocks buying on AIM shares imposing internal limits on how many they hold in total .
Bought half the tranche back I sold for 4p on the 5th March , never bought a share back higher before .
Seems a wile since I turned down a sell near 10p on 11th but only 19 days.
Interesting post from Stas20 on 88e board .
Apples to rampers as well
15 Apr 2024 at 18:39
All the derampers
Anyone who thinks bulletin boards do not have bearing on shareholders needs to read more. In particularly those of nervous disposition who may not have not been investing / trading long, or that might be a little undecided in their purchase or, who admittedly, have not done as much research as perhaps they should, oh yes these people can be swung by the influence of others you don't have to convince the bigger fish, enough little ones in illiquid stock is often enough.
You should realise that bulletin boards are in effect, for the shorter's in particular, the PI's Carson block report. You need to learn a lot more about thought psychology, in fact its pretty hard to convince someone to buy, but its far far easier to convince someone to sell, indeed it is all part and parcel of why winners often sell out too soon and never realise the big gains of some risers and yet many, indeed most will hold far longer than perhaps they should, you can read the psychology of trading in many places, but interestingly people are often more fearful of losing gains than they are of racking up losses! Bulletin boards do hold influence and as such it stands to reason that if they hold influence over investors then ergo they hold influence over prices.
This morning I shared this video
https://youtu.be/ozKvBDJy5_A?si=ZF-27WZwX3ouC6UD
And now you have also this video https://youtu.be/Xa2XCBXJp6w?si=y8MmcolHuzQsCcbl
and in both video's they express bangladesh government is looking at extracting thier own coal, from current coal fields that have been identified
The title of the You Tube link says it all hopefully.....
"Huge reserves of coal in 5 mines! Bangladesh will extract coal from 5 mines"
YouKnowItsRight, the positive is that in a recent link, Anu Muhammad, did state, that the government had made disastrous decisions in how to solve the countries energy problems in the past, and that they were now going to have to make another one and allow mining.... So i don't believe that he will be as against it as he has been in the past... plus with all that's been discussed in the press recently about Phulbari and open pit mining, if he was going to appose it, he would of already done so by now... imo
There a lot more to it
Here he speaks about Asia energy/ Phulbari/ GCM
Proposition gone to the government in April and much more, this needs a full complete translation
INtro text translated to:
572 views 30 Apr 2024
Bangladesh is preparing to extract its own coal to reduce energy crisis and import dependence in the future, where there is also a plan to lift coal in the open system. So far, five coal mines have been discovered in the northern part of Bangladesh. These mines have 7,823 million tons of coal reserves. If the country can lift it, the country will be self-sufficient, if it can export dice, Bangladesh will become a rich country overnight. How is coal extracted in the open pit? When will the country's five coal mines start extracting? I'll tell you today
'Increasingly looking like we might get support from the population this time.'
Absolutely. And it's great news that the Marxist agitator Anu Muhammad is going to be laid up off his feet for a while. Without him there to whip up the rent a mob things should progress smoothly. There will be little resistance from locals so long as the landowners are taken care of financially. We know the local people are desperate for the investment and unfrastrucuture, and obviously a consistent coal supply will ensure the powers stations can run constantly providing unbroken power supply which will benefit the whole country massively.
Looking good and we should be hearing some news now that it looks like Axis have finished the share business.
Https://youtu.be/Xa2XCBXJp6w?si=y8MmcolHuzQsCcbl
Very informative regarding current coal situation in Bangladesh
I would appreciate if someone would kindly translate this for our non bengali speaking investors
Https://onlineradionepal.gov.np/en/2024/04/30/377370.html
Bangladesh welcomes Chinese agricultural companies to invest here: minister
Radio NepalApril 30, 2024
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Bangladesh welcomed more Chinese agricultural processing enterprises and agricultural machinery enterprises to invest in Bangladesh to help the country upgrade its agricultural industry and achieve high-quality development, Bangladeshi Agricultural Minister Md Abdus Shahid said.
When having a meeting with Chinese Ambassador to Bangladesh Yao Wen on Monday, Shahid highly appreciated the important role played by China in Bangladesh’s development, saying that China is the best friend and development partner of Bangladesh. He thanked the Chinese side for promoting the export of mango to China.
For his part, Yao said that China will take practical measures to promote the export of fresh mango from Bangladesh to China, help Bangladesh prevent and control potato related disease.
China would like to invite more Bangladeshi agricultural technicians to China for training, seize new opportunities to deepen bilateral cooperation in agriculture and help Bangladesh achieve stable economic and social development, Yao added.
“We have been importing a lot of (agricultural) machinery from China and we plan to increase that volume,” he said after the meeting, reported the Financial Express.
When asked about the specific type of agricultural machinery imports to be increased, Shahid noted that agricultural machinery such as harvesters and tillers, which are necessary for enhancing agricultural productivity, would be included in the increased imports.
Increasingly looking like we might get support from the population this time. Stark contrast to the sentiment and even riots in the mid noughties opposing it!
I hope this is not like the SA population who have succumbed to the ‘boiled frog’ syndrome where load shedding has just been accepted as part of the daily life (I have SA relative and every time I visit it’s a shock)
Only issue is that
The knock on effect continue, there is not a lot they can do in the present moment but forr the future it can only be a case of crossing the 't's and dotting the 'i's, they really have to put that plan in place for the future.
''Several industries are seeing a rise in production costs and an exponential fall in production due to frequent power outages every day in Gazipur, one of the major industrial hubs of the country. As a result, the industrialists are not being able to export products on time. They are now in fear of incurring a massive loss and losing buyers abroad for this.
Meanwhile, people in remote rural areas of the districts are passing days in absolute misery as the frequency of power outages has increased along with the temperature.
However, the officials of Bangladesh Rural Electrification Board (BREB) claim that they have a limited power supply as compared to the demand. So they have no other choice than imposing area-wise load shedding.
According to the sources in the Gazipur BREB, power is distributed in the Gazipur industrial area through a total of 155 feeders. Of them, 100 supply power to different industries. The remaining feeds provide electricity in residential areas. The total demand for power in the district is around 600 MW to 650 MW. The demand rises during the summer with the rise in temperature. However, the supply is less than half the demand. Although there is an instruction from the government to avoid power outages in industries, it is not being possible to maintain that due to the power crisis. So they have to force power outages in several phases every day.
Speaking to industry owners, it has been learnt that although Gazipur was supposed to have less load shedding for being an industrial area, it’s just the opposite in reality.
Even the government's instruction of maintaining a schedule and making prior announcements before load shedding is being ignored. Subsequently, the production cost has gone up in several industries. At the same time, the production rate is falling. So the risk of incurring a huge loss and foreign buyers is looming large.''
https://en.prothomalo.com/bangladesh/local-news/mlauy8p3dn
What's are the chances that Hasina has full power supply either by way of a 24/7 generator or no power cut to her and others on the board.
Do they even appreciate what these people are experiencing?
They should act as Mahatma Gandhi did.
Only then will Hasina expedite the acceptance of the proposal in my view if she too has to go through exactly what the people are going through, the very people that voted for her for their best interests!
It won’t soon be a case of the government sitting down and making the decision about mining Phulbari and all their other mining areas or not, it will be the people on the streets demanding that they do!!
Don’t think most of us here in the west realise the severity of what these constant power cuts mean.
Back in 2006 I was living in Sihanoukville a then undeveloped seaside town in Cambodia. I had a flat on the 3rd floor of what was then a newly built small apartment block. We often had power cuts but generally pretty short, minutes rather than hours. One day a digger cut the mail power line into the whole area, it was a week before we got electricity back. What it meant was that in blistering heat we had no air con, no fans, the electric shower didn’t work, the electric water pump to supply the flat didn’t work so no running water, there was no water to flush the toilet, there was no power to charge your phone, the tv/dvd player didn’t work, no internet, the fridge wasn’t working so no keeping food cool, anything in the little freezer melted and of course no lighting. We had to lug bottled water to drink, to wash and to flush the toilet up 3 flights, we had the windows open all the time day and night in the hope of a breeze it was something I will never forget because it made me aware of how much the locals must have been suffering and how lucky we are in the west as we take all these things for granted. Believe me the suffering the Bangladeshi population is experiencing is not something they will easily forget, it will be way more than I experienced, but it will also be something they will also be expecting solutions to.
''The country has marked the highest record of load-shedding in recent times with a power deficit peaking at around 3,300 megawatts, as temperatures soared to a sweltering 43 degrees Celsius in some regions.
"We are not receiving enough electricity compared to the demand in our distribution area. We are forced to impose load-shedding even during this hot weather, with some rural areas experiencing outages for up to 14 to 15 hours,"
"If Dhaka, the capital, is experiencing power outages 14 to 15 times a day, then imagine the plight of rural areas outside Dhaka. I have never seen such a terrible outcome of the government's 100% electrification initiative," he said.
Abu Hanif, a resident of Nangalkot upazila in Cumilla, told TBS, "The intense heat and power cuts are extremely worrying, especially for my young children and elderly parents. With rising cases of heatstroke, there seems to be no relief in sight."
The heatwave has already claimed the lives of at least 40 people in the past six days, according to a TBS analysis of media reports.''
https://www.tbsnews.net/bangladesh/load-shedding-hits-3200-mw-mercury-soars-43degc-bangladesh-839246