Member Info for Pappiklon

So 2 positives in that RNS and 1 potential negative that they say is in hand, the 10k buy at 9.82 was mine....just couldn't help it...

So £20k a year for the service, checking the info in the RNS to be factually true involves accountancy, legal and Nomad fees pretty much guarantee thats at least another £500.
Totally self centred and irresponsible, 2 RNS's for her disposals in a week, how many more we going to get?

Well she and Adam aren't doing us any favours, plus the cost of composing and issuing that RNS would have cost the company more than her £500 worth of shares, how ignorant or arrogant is Adam knowing full well what these sort of trades do to the share price he obviously has the highest regards for the company shareholders ....not....are they really that hard up for £500, if they are he could have saved the company a lot of money and borrowed it from petty cash. One of the most blatant disregards I have seen on AIM, so angry at this dip....

I try not to have opinions on here but as I've stated before I hold a substantial holding in this company so I am likely to be biased in how I perceive things.
It would appear that the actual gist of the meeting was that most of the participants were on the case with State Minister to extract own coal, to keep a sustainable supply chain, The State Minister defended the need for coal based power, and said look I get what you're saying but it's not possible to extract significant coal through underground mining and transport to Praya by Rail and River.In addittion they (Government) recently completed the Feasibility study of Dighipara coal basin and found that Investment is huge but extraction only 10 percent through underground mining and this isn't feasible. The Jamalganj coal basin study also revealed that it wasn't feasible to underground mine there. It seems what was being stated was that underground mining was not a solution for extracting local coal.
Make of it what you will but it could just be this could very good for the Phulbari Project. Nowhere in this meeting does the state minister refer to open pit or Phulbari but he does say forget about underground mining as an extraction method

....and the final bit
BUET Professor. "I am overwhelmed to see the rehabilitation of this coal project," said M Tamim. It can be done so beautifully if there is goodwill. Those who will talk about this in the future should be left here. Regarding the supply of own coal to ensure the supply of coal, he said, there is no rationale for taking coal so far by transport. If we decide to extract our own coal, then we have to build a power plant at the mine. There will be a place for coal extraction, it would be better to have a mining power plant there. We have heard a lot about the price of coal power, it will be eight rupees, it will be nine rupees, the cost of production in this project is six and a half rupees, so we thought we could get cheap electricity from coal, we showed that, so our main thought was not wrong. The rationale was his. He mentioned that the import infrastructure would be a big challenge in the current government's plan for coal power.
Speaking as the chief guest at the webinar, State Minister for Power, Energy and Mineral Resources Nasrul Hamid MP said the pigeon project has been completed in 21 months. This is an example of the implementation of big projects in the country. The Chinese EPC contractor cannot be ignored. He said, "The problem with our own coal mining plan was that we had completed the Dighipara survey a few days ago. We saw that it would not be feasible to mine only 10 per cent coal by underground mining, so we stopped." In Barapukuria we are lifting 4/5 thousand tons, here also we are lifting slowly, Too much production is not possible. So the possibility of large-scale mining using their own coal, I think, is a slim prospect considering these studies. It is impossible to extract coal through underground mining and bring it here by rail. It is better not to think about that. We are now thinking about how we can generate cheap uninterrupted electricity through mixed fuels in the future.

Mining engineer said. Mushfiqur Rahman said, "Looking at the list of coal-based projects, it seems that we will have to import 20 million tonnes of coal a year in the next few years." Considering the inadequacy of import infrastructure and the tendency of siltation along the coast, it seems that it is going to be quite expensive. Therefore, in order to have an alternative supply of coal, we need to look at the coal reserves in our country. "We have the best possible coal reserves in the north of the country. We need to focus on extracting them quickly, otherwise we will become completely dependent on international trade and import barriers," he said.
Expatriate Professor Dr. Australia. Feroz Alam said rehabilitation of victims of coal mining and coal- based power projects is a big issue. I have seen rehabilitation arrangements in projects in India and abroad. Here also 609 families have been rehabilitated. Each of them has been given a house. I am satisfied to see that.
"We are proud of this project," said Khandaker Abdus Salek Sufi, an Australian expatriate energy expert. This could be an example for another project. Those who disagree with the coal power plant, their fears will go a long way. He said that in order to solve the challenge of transporting coal, we have to increase the capacity of Matarbari port and pick up our own coal and take it to the railway system. Otherwise, if the cost of production increases due to the problem of coal transportation, cheap electricity will not be available with coal.
PDB Chairman Engineer M Belayet Hossain said that although the capacity cost of Ultra Super Critical coal based project is high, it is profitable in the long run. The fuel cost of an oil based power plant is eight to eight and a half rupees per unit, while the fuel cost of a coal based power project is only two and a half rupees. Although two and a half times more than gas, but much less than oil. Our gas is running out fast, and our fuel is also import dependent, so it is not right to rely on a single fuel. Besides LNG gas, coal based power projects are the best option for us.
BUET Professor. "I am overwhelmed to see the rehabilitation of this coal project," said M Tamim. It can be done so beautifully if there is goodwill. Those who will talk about this in the future should be left here. Regarding the supply of own coal to ensure the supply of coal, he said, there is no rationale for taking coal so far by transport. If we decide to extract our own coal, then w

Here is another article on that meeting, from ABnews24, it is in Bangla, but you can use Google Translate to get the gist, here is a translation
http://www.abnews24bd.com/2020/11/01/146914.php
Shaheen Chowdhury: Top energy experts from home and abroad have emphasized on coal extraction in the country. Appreciating the timely implementation of Payra Coal Power Plant, they said, "If people know about the success of coal power plant, unnecessary fears and controversies about coal will end. Participating in the discussion, State Minister for Power, Energy and Mineral Resources Nasrul Hamid opined that those who have misled people about the coal
project, challenged the project and created issues, should be inspected to prevent it. Let them go and see at what level the plant is being run by protecting the environment.
They were speaking at a webinar titled 'Pigeon Power Plant, an Example of Timely Project Implementation' at 'EP Talks' organized by Energy and Power on Saturday. State Minister for Power, Energy and Mineral Resources Nasrul Hamid MP was the chief guest at the webinar hosted by Mollah Amjad Hossain, editor of 'Energy and Power' magazine. Energy expert and former caretaker government's special assistant professor of energy participated in the discussion. M, Tamim, Australian Expatriate Professor Firoz Alam, Australian Expatriate Energy Specialist Khandaker Salek Sufi, PDB Chairman Engineer Belayet Hossain, Northwest Power Company Limited CEO Engineer AM Khorshedul Alam, Mining Engineer and Environmental Writer Dr. Mushfiqur Rahman, Managing Director of Power Cell Mohammad Hossain, BUET Associate Professor. Kazi Bayazid Kabir and others.
The main article was presented by Shah Abdul Maula Helal, Project Director, Payra Coal Power Plant.
At the beginning of the discussion, Mollah Amjad Hossain said in his introduction that big projects in the country are not implemented on time. We cannot complete project implementation within deadlines. The Pigeon Coal Power Project is a milestone in this regard.
In the original article, Engineer Shah Abdul Maula Helal, Project Director, Payra Power Project, said that the project was successful in many respects. The timely implementation of the project has been possible with the goodwill and hard work of all concerned from the top level of government. However, there are still some challenges in coal transportation and power transmission.BUET Associate Professor took part in the discussion. Kazi Bayazid Kabir said the project is paving the way for coal power in the country. So much of the future of coal power will depend on its success. He said that the success of coal power needs to be properly publicized so that the unreasonable fear among the people about coal will be gradually eradicated. If everyone understands the role that coal power will play in the country's economy, there will be no more controversy over coal.

Sorry That article was Energy & Power...here are some extracts..first lines..
'Eminent local and diaspora energy experts put high importance on extraction of coal resources of the country'
State Minister for Power, Energy and Mineral Resources Nasrul Hamid MP said...Regarding extraction of own coal, he said, we have recently completed feasibility study of Dighipara coal field. The study shows only 10% of coal can be extracted using underground mining method, which is not feasible....It is also almost impossible to transport own coal extracted by underground mining method using the railway system and better not to consider.

Prof. M. Tamim appreciated timely implementation of the project and proper resettlement of the affected people. Regarding transportation of own coal to ensure supply, he said, 'I don’t find any logic to transport coal to so far distances. It is better to establish coal fired power plant at the mine mouth if we decide extraction of own coal. Import infrastructure will be a big challenge for the government to implement its plan for coal fired power projects',
Dr. Kazi Bayzid Kabir, Associate Prof. BUET said, 'this project has created a path for coal fired power plant in the country and lot will depend on the success for future coal fired power. It is also important to disseminate the success story of coal fired power properly to eliminate unnecessary fear about coal. There will be no debate on coal once people understand the role of coal fired power in the economy of the country',
Mining engineer, Dr. Mushfiqur Rahman said...we need to focus on own coal to keep open an alternative supply chain. He said, we need to take immediate initiative for extraction of high quality coal deposits in the northern region of the country; otherwise will risk falling in the trap of international coal trade and import infrastructure barriersEnergy expert Khondhoker Abdus Saleque Sufi said, it is a milestone project and can be exemplary to other projects. Those who have different views on coal fired power plant will relieve most of their concerns. He said, own coal needs to be extracted and transported using railway system

Seems a lot can get lost in translation, indeed as I pointed out to friend just changing 'the' in para 4 of the Dhaka tribune to 'those' would totally change the message.....and indeed it seems to have been the case, here is the lates Energy Bangla article on the same meeting...time and again reading articles in the Bangla Press, especially translated ones, needs to be checked and checked again.
https://ep-bd.com/view/details/news/MTM5MA%3D%3D/title?q=success+of+payra+coal+power+project+ends+coal+debate

So todays myth is that there would be civil unrest if the project got the go ahead. Well back in 2006 there was civil unrest in a large part stirred up by Anu's mob, they tried to blame Asia Energy for the resulting deaths and injuries. Asia Energy had nothing to do with it, the Bangladeshi army opened fire on demonstrators. Later on down the line Anu's rent a mob has tried to resurrect opposition to the Phulbari Project, but the locals have got wise, a couple of yers back they turned up in Phulbari market and tried to stage a demo, the locals beat the ..... out of them and sent them packing. One of Anu's demands has been the expulsion of Asia Energy from BD and the closure of their offices in BD. Well that hasn't happened, in fact Asia Energy (GCM) now has a significant presence in Phulbari with a large warehouse and a unique 3 storey office building that is very well known and admired, government officials have regularly looked to utilise the space when doing presentations to Phulbari residents. They also have a team of around 50 locals on the ground doing work within and supporting the community which is excellent PR for the company. They have held meetings, peaceful well attended meetings with local farmers and businesses that want the project to go ahead, yes the truth is a far cry from some of the rubbish that gets posted online.
The local MP has spoken in parliament about the benefits of getting the project off the ground, here is a link to his speech, in Bangla, DYOR and get it translated if you doubt what he is saying, it was initially on the GoB’s parliamentary TV coverage: Sangsad TV Live and posted on the MP Mustafizur Rahman’s (Fizar) Facebook…. https://goo.gl/zdiZbv . you can see from his body language that he is passionate ! The word for coal in Bangla is “coila” ... here is a the translation of the relevant bit of his speech, make of it what you will . It is from March 2019

Honorable PM, Please do think about our Coal Region - Fizar

“I am at the last stage of my Speech but few points should be mentioned here. Honourable Prime Minister said, more than crore people will get jobs. It should be considered region wise and rationally. Our regions are much neglected. People roaming around with 7 to 10 lac taka as bribe for a job, but they have no job for pion post. Honourable Prime Minister, please do think about our coal region separately, please give proper attention to it. If you give attention to it, it will create job. Lots of jobs will be created using the coal for Power generation”.
https://goo.gl/zdiZbv

Sorry that was posted on 23rd August not 25th, note the reference to billons of dollars in compensation if the government cancelled the GCM contact...ohh hang on the blog said there was no contract duuuh....

Khondoker Abdus Saleq, Energy Expert
Mr. Khondoker Abdus Salek said, I used to keep updated information about energy, power, and mineral resources of the country for my writing necessity. On coal transportation issue, he said, the power plants which are being constructed based on imported coal, particularly Payra and Rampal will face challenges for transportation of coal. Only exception is Matarbari. The coal terminal which is being constructed at Matarbari is probably dedicated for the two power plants there, and might need to think about a full-phased coal port at Matarbari area, from where coal can be transported to Rampal and even to Payra by upgrading the railway system. Expressing his frustration, he said, I will not talk much about coal, because many like to brand me as agent of coal when I come to the country. Regarding Phulbari, he said, I think there is one coal field in Bangladesh which is 100% ready to be developed. I don’t know who have gone through the Phulbari study reports, but if you go through, you will find the best consultants of the world have assessed the impacts of the Phulbari Project. He added, if you feel Asia Energy is a weak group, renegotiate with them. If you are strong, cancel the contract. Although I personally believe there will be legal challenge if the contract is cancelled right now and also a possibility that Bangladesh might need to compensate billion dollars to a company without developing coal field of the country. Therefore, try to extract own coal. He asked, particularly to PDB chairman, whether it was properly coordinated with coal extraction requirement while power plant was constructed in Barapukuria as it is obvious that transportation of imported coal to Barapukuria would not be a viable option. He added, the problems need to be seen from the perspective of practicalities.

There are other comments too but I think that paints a picture of sentiment at that conference, of significance is that the Energy Minister was a key speaker .

Mortuza Ahmed Faruque, Former Managing Director, BAPEX
Mr. Mortuza Ahmed Faruque emphasized on strengthening BAPEX and urged to stop making frequent changes on the top management position to allow reasonable time to execute plans/programs properly. He said, the government is setting up coal-fired power plants based on imported coal, which is good but also need to focus on our own coal, which, as Mollah said, is about 3.1 billion tonnes. Bangabandhu had the vision to extract own resources and to make the country self-reliant in energy. We could realize his dream easily if our own coal resource is extracted and utilized. He added, the government could take initiative to do a feasibility study to assess whether coal can be extracted from Barapukuria by open cut method; but this is in a small area. Regarding Phulbari Project, he said, the coal here is at the shallowest depth, and is ready to be extracted having all sorts of studies done including environmental, water, resource assessment etc. However, the Project is hanging for years; hasn’t been terminated or accepted by the government. A decision needs to be taken on this Project. The government, if wish, may cancel with the company entirely, terminate the contract and start in a new way or may allow them to continue. A new initiative of open pit mining in Barapukuria will take time and may not be economic as the mining area is limited. But Phulbari is a proven field with all sorts of studies done. If we are to do open cut mining, then why not Phulbari! A quick decision on Phulbari would play a conducive role to mine our own coal and contribute significantly to achieving energy security of the country.
Mortuza Ahmed Faruque, Former Managing Director, BAPEX
He said, the government is setting up coal-fired power plants based on imported coal, which is good but also need to focus on our own coal, which, as Mollah said, is about 3.1 billion tonnes. Bangabandhu had the vision to extract own resources and to make the country self-reliant in energy. We could realize his dream easily if our own coal resource is extracted and utilized. He added, the government could take initiative to do a feasibility study to assess whether coal can be extracted from Barapukuria by open cut method; but this is in a small area. Regarding Phulbari Project, he said, the coal here is at the shallowest depth, and is ready to be extracted having all sorts of studies done including environmental, water, resource assessment etc. However, the Project is hanging for years; hasn’t been terminated or accepted by the government. A decision needs to be taken on this Project. The government, if wish, may cancel with the company entirely, terminate the contract and start in a new way or may allow them to continue. A new initiative of open pit mining in Barapukuria will take time and may not be economic But Phulbari is a proven field with all sorts of studies done. If we are to do open cut mining, then why not Phulbari.
Continued in pa

August 23, 2020
Webinar: Bangabandhu, Energy Security and Today’s Bangladesh8
Extracts:
Speakers in a webinar organized recently by Forum for Energy Reporters Bangladesh- FERB, stressed on domestic coal extraction and good governance in energy sector to achieve energy security of the country. They said, the country has a reserve of 3.1 billion tonnes of high-quality coal, but the government is yet to take effective steps to extract this resource and utilize it for power generation. The same is true for the ‘well studied’ Phulbari Coal Project, decision of which has been hanging for years. They also opined that existing reserve natural gas will be depleted by 2031. However, it is stated from the policy makers that the extraction of coal is a matter of political decision. However, the government is exploring suitable technology to extract country’s natural resource without affecting agricultural land and environment.
Mr. Nasrul Hamid, in his delivery as chief guest said, we have kept all avenues open for energy diversification, so that if we face trouble with one, can switch to another. PSMP-2010 has been reviewed in 2015, which is obvious given the change of global scenario. Regarding domestic coal extraction, he said, coal is there; but it is matter of political decision on whether to be extracted or not. We have to assess the environmental impacts and how coal can be extracted avoiding farmlands with support to affected people. This is the priority. People and environment are the priority to Sheikh Hasina. She already directed to make a move, if possible, without making harm to those. So, we are exploring that technology. It is not like that we would not do anything.
Dr. Mohammed Farashuddin, Former Governor, Bangladesh Bank and PS to Bangabandhu
Dr. Mohammed Farashuddin said, Bangabandhu was a man of great wisdom with vision. Regarding energy issues, he said, energy-power is such a thing that cannot be solved overnight. It is also an internationally sensitive issue. We have lot of achievement in energy sector, but there are challenges also. He added, the amount of high-quality bituminous coal we have in northern Bangladesh, can ensure power security for 20 years, provided if that coal is extracted by open pit mining method and used in power generation. There are problems, debate over issues and also is bureaucracy. Certainly, we need good governance and brilliant technologies in energy sector, but also need strong institutional structure.

More in part 2

Bored at work, hence posting on here, such a load of mis information being posted, hang on a minute just let me set up a blog and post that the PM has signed it all off...must be true. In fact that blog post posted on here is utter rubbish.

So here a rehash o some recent posts that will no doubt get drowned out in a sea of litter.

https://ep-bd.com/view/details/news/MTI5Mg==/title?q=Thrust+on+using+own+energy+resources+besides+import

“It’s not true that we are not doing anything about coal development. We’re conducting different studies on coal,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid told the webinar in response to the urges for using local resources like coal'
'The speakers pointed out that a complete study on Phulbari coal mine has already been done and the government should go for developing it'

'He thought mine-mouth power plant would be a viable option for Bangladesh and estimated that about 30 per cent cost will be reduced if the country sets up power plant on own coal'

Nice Find, among the agreed recommendations.
· Considering mining of coal from Barapukuria and Phulbari on priority basis and setting up mine mouth power plants.

Hi Phulbari, good to see you, like me, are still breathing in these uncertain times !.
I know, we disagree on this, what I am trying to do here is dispel some untruths. The TV programme was a fact, she did espouse the benefits of OP Mining, one has to ask why would she do that, why on earth would she be going on TV to talk about the German Operation, that her ministers were hosted at by GCM, if she was not considering allowing OP in country, the myth I am commenting on is that she will not consider changing her mind, neither you nor I can state that as a fact because we jut don't know, but.....if that was the case why did she do the TV programme, maybe she was just bored one afternoon and contacted the TV station and said can I pop over and do a presentation on German Open Pit Mining operations, I'll bring along some slides and back drops I did at breakfast, thanks, see you later. I would suggest a lot of thought planning and research went into that programme, just like any other TV programme, why waste the time if you weren't thinking about it.

From GCM RNS 27th September 2016

The Company was pleased that Bangladesh’s Honourable Prime Minister Sheikh Hasina addressed the nation via television on 27 August 2016 where she displayed pictures and referred to successful open coal mining and associated power generation in Germany’s Cologne area. She shared the successful environmental management of these operations, including water management and stated that communities and wildlife happily lived in close proximity to the mines and power plants. The Company wishes to note that the Scheme of Development for the Phulbari Coal Project adopts the proven best practices of the Cologne open pit coal mines, which are significantly larger in scale, in respect of water management issues and GCM’s international team of advisers included consultants from RWE Cologne.

Should have said past few days not coming days....duuh

There has been so much misunderstood/wrong/mis information posted on this board over the coming days I have decided to post a few facts, I will try and avoid opinions. I have a substantial holding in this company and first bought shares in it over a decade ago. I hold so have an interest in this project going ahead.
Todays myth is that PM Sheikh Hassina will not change her mind. Well in 2016 she did a television presentation espousing the benefits of open pit mining . I posted about it at the time, maybe on this board maybe another, it was also confirmed by the company as true.
'Bangladesh’s Honourable Prime Minister Sheikh Hasina addressed the nation via television on 27th August this year and displayed pictures and referred to very successful open coal mining and associated power generation in Germany’s Cologne area. She referred to the successful environmental management of these operations, including water management and stated that animals and people happily lived in close proximity to the mines and power plants. The German coal mines extract a huge amount of groundwater which is used for city and town water supplies, industries and also for the environment. To protect the environment they inject some of this water back into the aquifer system in wells surrounding the mining areas to ensure the water level away from the mining areas is maintained at natural levels.

The video was on you tube but I can no longer find it, if you do the relevant part is about 34 minutes in.