Member Info for 99icecream

Most of Bara would not be suitable for Open Pit.

Barapukuria and Phulbari are part of the same coal seam system and are linked. Only the southern and northern parts of Barapukuria are shallow enough to mine by open pit method. The central portion goes down to a depth of 500 metres (c.f. Phulbari max 240 metres depth) and is not suited to open pit. The southern part is estimated to be 62* million tonnes in the Energy Bangla article (link below). So would increase the open pit Phulbari mine by about 10% if mined together. The northern part of Baraukuria is stated as 92* million tonnes.

* I have seen slightly different estimates in other places.

"Listed coal miner JSW may seek to return to paying a dividend and mull a share issue as a way to raise money for investments, CEO Daniel Ozon told Parkiet TV."

"PRAIRIE MINING -Talks on taking over assets from Prairie Mining continue and the company will by the end of the week announce its next steps on the matter."

http://biznes.pap.pl/en/news/all/info/2680709,highlights:-jsw-coal-to-seek-dividend-payout--mull-share-issue---ceo

There is a 23 min interview with Daniel Ozon dated today on www.rp.pl Is he saying anything new ?

Barapukuria and Phulbari are part of the same coal seam system and are linked. Only the southern and northern parts of Barapukuria are shallow enough to mine by open pit method. The central portion goes down to a depth of 500 metres (c.f. Phulbari max 240 metres depth) and is not suited to open pit. The southern part is estimated to be 62* million tonnes in the Energy Bangla article (link below). So would increase the open pit Phulbari mine by about 10% if mined together. The northern part of Baraukuria is stated as 92* million tonnes.

* I have seen slightly different estimates in other places.

http://energybangla.com/open-pit-coal-mining-at-barapukuria-suggested/

The situation is very clear if you look at the Annual Reports of the Bangladesh Power Development Board. Each year they give figures for new power plants commissioned and forecasts for future plants delivered. All numbers in MW. Note that each year actual performance is 30% to 40% below plan.

Target [ Actual ] Shortfall
2014 1,061 [ 635 ] -40%
2015 1,958 [ 1,357 ] -31%
2016 1,596 [ 1,145 ] -28%
2017 1,849 [ 1,187 ] -36%

Forecasts from the latest report (2017-18) published in late 2018 give:-

Target [ Coal ] Coal%
2018 4,471 [ 274 ] 6.1%
2019 5,265 [ 1,320 ] 25.1%
2020 1,425 [ 0 ] 0.0%
2021 3,981 [ 1,320 ] 33.2%

Note the slow progress in forecast coal plant completion. Perhaps it is better to lower the targets for plant in 2024 than to miss them in a big way?

The situation is very clear if you look at the Annual Reports of the Bangladesh Power Development Board. Each year the give figures for new power plants commissioned and forecasts for future plants delivered. All numbers in MW. Note that each year actual performance is 30% to 40% below plan.

Target Actual Shortfall
2014 1,061 635 -40%
2015 1,958 1,357 -31%
2016 1,596 1,145 -28%
2017 1,849 1,187 -36%

Forecasts from the latest report (2017-18) published in late 2018 give:-

Target Coal Coal%
2018 4,471 274 6.1%
2019 5,265 1,320 25.1%
2020 1,425 0 0.0%
2021 3,981 1,320 33.2%

Note the slow progress in forecast coal plant completion. Perhaps it is better to lower the targets for plant in 2024 than to miss them in a big way?

Tailings pond at Vale's Corrego de Feijao iron ore mine. 200 missing.

https://www.bbc.co.uk/news/world-latin-america-47009118

Mine-mouth coal-fired power plant in Dinajpur signed:

http://www.theindependentbd.com/post/183624

Contracts signed to set up 2,000 MW mine-mouth coal-fired power:

https://unb.com.bd/category/Bangladesh/contracts-signed-to-set-up-2000-mw-mine-mouth-coal-fired-power-plant-in-dinajpur/10790

GCM, POWERCHINA ink $4b power deal:

http://www.newstoday.com.bd/index.php?option=details&news_id=2520851&date=2019-01-18

GCM, POWERCHINA sign deal for 2,000MW:

https://www.bangladeshpost.net/gcm-powerchina-sign-deal-for-2000mw/

Besides the RNS there is also a press release:

www.gcmplc.com/sites/default/files/inline-files/gcm-power-china-press-release.pdf

Energy sector to get priority this time: Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said they will now pay more attention to the development of the country’s energy sector.

http://www.theindependentbd.com/post/182344

Sustainable power supply to every household main challenge - State Minister for Power, Energy and Mineral Resources

...... electricity and sustainable energy supply are the main driving force behind an economy. “We have been able to come back in power because we had provided due importance in electricity generation in sourcing energy,” he said.

http://www.theindependentbd.com/post/182456

Is this from October 2016 ??

Probably traded on NEX. Slightly more activity on NEX today, but little trade anywhere so far.

Doubts Return About The Future Supply Of Non-Chinese Rare Earths

https://www.forbes.com/sites/timtreadgold/2018/12/05/doubts-return-about-the-future-supply-of-non-chinese-rare-earths/#15c6606849b8

Does not say. If he likes the share it would be a target for Align.

Master Investor Magazine openly discloses that our contributors may have
interests in investments and/or providers of services referred to in this publication

BTW - Richard Gill is Head of Research for Align.

seeks growth through acquisitions

https://uk.reuters.com/article/uk-climate-change-accord-jsw/eus-largest-coking-coal-producer-seeks-growth-through-acquisitions-idUKKBN1O52AO

St Barbara (patron saint of Miners - among others).

This is a review of the state of Polish coal mining in general in Polish. Includes some comments about JSW and the coking coal sector. This includes JSW's improved financial position (and plans to resume dividends) and its plans for new investment.

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=pl&sp=nmt4&u=https://biznes.interia.pl/wiadomosci/news/gornictwo-przed-barborka-wysokie-ceny-wegla-rosnacy-import,2594728&xid=17259,15700023,15700124,15700149,15700186,15700190,15700201,15700237,15700245&usg=ALkJrhhLA6LVx_ckcggNZdAxY0wTzAbsXA#utm_medium=frame&utm_campaign=wyrzucenie_z_ramki&utm_source=undefined

There has been some speculation regarding Dyani selling some of their shares. This seems to be a remote possibility imho. They must be insiders with respect to the various transactions they are working on. This should prevent them dealing in GCM except when everything is disclosed (i.e. after an RNS which fully updates the market). When they do sell (and assuming this is after good news) this is most likely going to be sold as a block to institutions rather than sold into the market.