Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Thanks for that Searcher.
Generally, two methods are widely used for coal extraction. One is open-pit mining, which allows for the maximum extraction of coal from the mines. Proposals exist for coal extraction using the open-pit method Dinajpur’s Phulbari and some parts of Barapukuria.
Nice read again…
Nasrul further said, "The electricity demand for this summer might reach 17,500 MW. However, arrangements will be made to meet this demand and ensure an uninterrupted power supply."
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 😂
Well that could be a good stage to announce / ‘put out there’ the whole coal mine plan going forward.
I think they may announce three mines at the same time and not just Phulbari. If there is any adverse feedback ( I actually don’t think there will be any tbh), it will be diluted, but as I say I’m hopeful it will be received well.
It’s been said a lot recently, but they cannot procrastinate over this much longer and they have to make decision very very soon.
Nice summary of the state of play Searcher - thank you.
Well we’ve gone up 1,000% recently, so it’s not out of the realms of possibility for us to do it again.
It can’t be too long before we find out where we go from here too.
Exciting times for sure 👍
Hi Cloughie.
I believe a company doesn't know how many shares anyone has until they are notified by the buyer. They can't tell them if they've passed a threshold if they don't know how many they have.
We had this years ago with another stock and i can't remember the exact details but i think that was the case.
Hope you are keeping well mate.
It seems the media is longer fearful of being critical of the powers that be.
It also feels like it’s ‘chip, chip away’ at the populous that open pit mining IS coming….
Or maybe rose tinted? 🤷🏼♂️
Djm1 - “has the feel of a softening up job,”
I was discussing exactly this with a friend earlier and used the same ‘softening up’ phrase.
I’m actually getting more and more confident by the day that they will announce it soon.
“However, the question arises as the power and energy sector has been managed in crisis management mode over the past two years. There exists a huge crisis in the dollar and local currency availability. Hence power and energy sectors huff and puff with outstanding payments. The banking sector, though interested in investment in power, has now turned around. The crisis in fuel imports is getting intense. Whatever the power sector earns in trading power is barely enough to meet regular expenses. Hence outstanding payments are accruing.”
It’s interesting to see people are now being openly critical of the decisions that have been made that have left the country in this total mess.
Good couple of articles Searcher 👍
Crazy Searcher.
“The government is bound by its commitment to the IMF-bailout package to maintain a threshold on its foreign exchange reserve. That is non-negotiable. ”
They could have avoided all this by green lighting Phulbari 10+ years ago (at least).
They have to sort this out - and soon.