The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Searcher @ 16:37
Good find. All roads lead to.........as they say.
Looking more reassuring and hopefully the weeks ahead bring some closure to mining Phulbari.
With this in mind and in the minds of the MM's - going to be an interesting week ahead. We have seen how this SP moves for no reason as seen last week from 7p to almost 11p and back. With any info, you can say goodbye to single digits for sure.
Once again, nice find Searcher. TQ for your diligent and hard work.
Problem solved then mankini party - I’m selling up Monday morning first thing…. Not! 😂😂
The guy has serious issues
Theres a deramper on another forum thinking this will solve Bangladesh energy problems. Yeah 500MW will solve it 😂😂😂
Nepal has agreed to supply 500MW of electricity via India's inter-country grid line. Before this, it will supply 40MW of electricity.
Nice read Searcher.
I hope people are not expecting too much in the way of ‘Green light’ news tomorrow or Monday.
Hopefully it will be discussed, and it will edge us closer, but I’m fearful people may expect too much.
Signed Mr Grumpy 😂
Exactly GP. They wouldn’t have time to do all the feasibility studies & start digging the underground mines before end of her term. Has to be Phulbari
Coal by the end of the parliament fits nicely with us too.
Everytime you read the article theres more bits that just say
PHULBARI 😂
Great find searcher.
Well, she stuck to her first pre election pledge of not mining Phulbari. Lets see her stick to this pre election pledge of now mining it.
Phulbari is the only coal field that all feasibility studies have been done & is ready to go. Just so happens a mine mouth power plant is also in the plan 😄👍
It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government. A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.
Thank you Searcher for the information, that’s most helpful.
Great find Searcher. It's all falling in to place.
GLA
Hawkspear, its about 11am mate, and Bangla are about 5 hours in front of us, BUT, as i said last week, I honestly don't believe that we will hear anything until either later in the week, OR if it is a positive decision, when either Hasina or Nasrul Hamid are ready to make it public.....
Does anyone know what time tomorrow the meeting starts?
Excellent find Mr Searcher!
Timeframe & details they use can ONLY really be Phulbari and as they say Ruling party already give pledge to mine coal before election.
Good to be HOLDING! 🦉
This has Phulbari written all over it imo!!!!!
Here are just some of the points from the article...
“It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government”
“Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.”
“The technological and economic aspects heavily favor mining domestic coal.”
“The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.”
“The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.”
“Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.”
“It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government”
“A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.”
“However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.”
https://ep-bd.com/view/details/article/MTAxMDQ%3D/title?q=ruling+party+and+its+pre-election+pledge+for+minin