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It’s POWERCHINA too. “Zimbabwe is set to construct 2000MW thermal power station in Sengwa, Gokwe North in at a cost of US $2bn, following an agreement signed between RIOZIM and Power China for the development.“ “Power China, the sister company of Sinohydro, that is currently involved in the expansion project on Kariba South is currently preparing the bill of quantities on the pipeline and power lines.”

https://defence.pk/pdf/threads/china-builds-coal-power-plant-in-zimbabwe-as-part-of-the-belt-and-road-project.605185/

https://thediplomat.com/2019/03/chinas-vision-for-the-belt-and-road-in-south-asia/ “China sees Bangladesh as an important hub of maritime as well as overland connectivity between the Indian Ocean and the landlocked provinces of southwestern China, especially Yunnan. Bangladesh’s participation in both the Silk Road Economic Belt and the 21st Century Maritime Silk Road is therefore considered crucial by the Chinese side. Since President Xi Jinping’s historic visit to Bangladesh in 2016, billions of dollars’ worth of Chinese financial assistance has flown into Bangladesh. In return, Bangladesh became one of the first South Asian nations to officially endorse China’s Belt and Road Initiative. There have been recent reports of China implementing $10 billion worth of infrastructure projects in Bangladesh, including the Chinese Economic and Industrial Zone, Payra Power Plant, the 8th China Bangladesh Friendship Bridge, and the International Exhibition Center. Two other projects under the BRI, the Karnaphuli River Tunnel Project and the Padma Bridge Rail Link project, are presently under construction. Meanwhile, on the economic and trade front, there are talks of establishing the China-Bangladesh free trade zone, which the Chinese side argues will help reduce Bangladesh’s trade deficit of $15 billion vis-à-vis China.“

...... the wrong Phulbari? There’s one in India ;-D

Tawfiq-e-Elahi Chowdhury, power and energy adviser to the prime minister, is key for us to getbproject approvals.

“We need to explore gas and coal mines and use it for the development of the country,” he said. Max Group runs two power plants. He said a few years ago, there was a huge scarcity of power, but now everybody was talking about smart power systems. “This is the progress in this field.” Khandakar Abdus Saleque, an energy expert based in Australia, urged the government to extract coal.”

https://www.google.co.uk/amp/s/www.thedailystar.net/business/news/govt-plans-1b-bond-power-energy-1708456%3famp “At the seminar, NRBs specialising in the fields of power and energy urged the government to use more solar power, explore gas fields in the deep sea and extract coal. They said it would not be wise to keep these resources unused for a long time and the country should use those as early as possible for national development.“

Can anyone buy any.

Lol. You’ve got to laugh at the sellers. + 2 weeks was always on the cards.

.... the buying has started ahead of news. GL

http://www.bssnews.net/?p=171807

Doesn’t know which direction it should be going. Can’t be long now.

Well bees the 28th Feb is this week. Will it be +2 weeks as the JDA was late. Let’s see. Some people getting a bit stressed.

Phulbari, you are so far out of the loop your opinion doesn’t concern Gcm anymore. For those who think the poster “Phulbari” knows anything because of his avatar, he doesn’t. He’s an very ex employee of Asia Energy with a very big grudge with the Company.

Tbh I don’t care where the sp goes. I’m not leveraged. Cheap shares mean my top ups are better value. Can’t wait to end 2019.

Bees, you mean When Hasina was FIRST elected. She didn’t say anything about not mining Phulbari at the last election.

Many thanks Kilkenny.

Who cares about the price on a spike. It’s the end game price that matters.

Sorry I posted these on the wrong bb.

Glencore defends 150Mt coal cap saying it clarifies future shape of diversified group By David McKay - February 20, 2019 Ivan Glasenberg, CEO, Glencore GLENCORE’S decision to cap thermal and metallurgical coal production at 150 million tonnes a year was a consequence of more than two years of discussions with investors and would help clarify the future shape of the group. Responding to questions in a media call, CEO Ivan Glasenberg and Steve Kalmin, the firm’s CFO, said the decision to cap coal production was in the interests of the company as well as environmental, social and governmental (ESG) requirements. Asked if Glencore was making any sacrifice at all, considering it wasn’t intending to make new green field investments in coal whilst putting merger and acquisition (M&A) activity on the back burner group-wide, Glasenberg said: “We do have green field opportunities of significant size that we could do that we won’t be doing in the future”. There was, though, a strong commercial angle. Glasenberg said there would be upward pressure on the thermal coal price which grew at a rate of 6% last year by dint of the emergence of developing market demand in Bangladesh, Vietnam and Pakistan. Exports from South Africa might also be stunted owing to a supply deficit to Eskom. Said Kalmin: “It’s important that people can think three or five years out and see that Glencore is not just a coal company. It is a diversified company”. Glasenberg added the group was unconcerned about the prospect of creating stranded coal assets. Glencore’s 145 million tonnes in coal production for the 2018 financial year contributed the most to earnings before interest, tax, depreciation and amortisation (EBITDA), at $5.4bn or 34% of group EBITDA. At $4.4bn, copper production was next contributing 28% to overall group EBITDA. “We had a lot of exchanges with shareholders and we agreed that this made sense,” said Glasenberg. “We believe as a company that’s what we should be doing. We believe it’s in the best interests of the company and from and ESG view and climate change,” he said. Banking institutions and investors globally have decided not to invest in new thermal coal production owing to the climate change impacts of burning the fuel. In South Africa, the latest bank to turn its back on new thermal coal is Nedbank, one of the big five bankers. In a presentation to analysts, Glasenberg said that thermal coal would “stay in the pot” as it was highly cash generative and required little capital expenditure. DRC Glasenberg said the group had hopes that the installation of a new president in Felix Tshisekedi in the Democratic Republic of Congo (DRC) would lead to renewed negotiations regarding changes to the country’s mining code last year. The current dispensation imposes higher duties and a super-profit tax on cop