Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
These are very interesting and give further major opportunities of BD business development and growth of $10 billion.Our business model also proposes two JVs covering associated crucial areas:
· "Coal Transport JV Company" to be responsible for delivering coal to market by arranging finance for and facilitating any necessary transport infrastructure upgrades; arranging any necessary rolling stock and barges (river and ocean-going); and managing the coal transport system to ensure timely and lowest cost delivery to customers; and
· "Industrial Mineral Co-Product JV Company" to manage the extraction and delivery of large-volume valuable Industrial Mineral Co-Products that can be recovered from the overburden material removed to access coal, i.e., available ahead of reaching first coal. These Co-Products consist of gravels, aggregate, sands, glass sands, ceramic and pottery clay and potentially bottled water. This is potentially a very large business opportunity with the value of Co-Products available over the life of the Project estimated at over ten Billion Dollars. Also, the Industrial Mineral Co-Products are in great demand in Bangladesh, so this JV Company will also add great value to industries and the economy, and importantly will deliver cashflow to the MINING COMPANY well ahead of first coal.
'Plus on top of that has the right to buy another 300,000,000 shares at 1.6p at any time in the next 3 years?'
Think you've misread that - or am I missing something, my understanding is the 303k warrants to Allenby (the agent) are payment for arranging the placing, that being the case reflects confidence in getting a return.
This shows the terrible state of Bangladesh's energy and power sector! The power and fertiliser companies can't pay Petrobangla for the scant fuel volumes it is able to import and supply because the GoB isn't paying them for the the power etc they supply to the GoB..... Round and round ever deepening spiral …. They have run out of options….
https://www.dhakatribune.com/bangladesh/337140/petrobangla-reels-from-10-000c-unpaid-bills
'On another front, any news on the de-suspension of GCM?'
Had to smile at that one I thought you were the one claiming to have intimate knowledge of the company!
'For the record, I remain on perfectly friendly terms with GCM/Asia Energy'
More debt, technical temp fix
https://www.tbsnews.net/economy/govt-finds-way-clear-dues-power-producers-767550
Cost of borrowing rising further
https://www.tbsnews.net/economy/banking/bank-interest-rate-jumps-12-jan-amid-slow-pvt-sector-credit-767506
Another lonelh heart with nothing better to do, looking at his history hd has never had s positive thing to say on any forum. Must be horrible being so negative in life and as Searcher pointed out knows nought about anything. Filter time twice in one day. Significant tises always bring out the crazies
Well if you have sourced referenced cutrent negatives other than a 5 year old agm video on you tube feel free no ones stopping you. Right now everything I have seen and the info I have access to is more than positive on this, hence lots of positive posts duuh
Maybe you’re right, maybe not. The original committee was setup in 2019 and now suddenly this lot are on board and for all those mps and Joy to be put on the committee something has to be happening soon otherwise they wouldn’t be on it. These guys are not there as a charitable gesture, follow the money they say
Coal plus power plus iron ore = steel which you need lots of in developing nations or am I overthinking what has been getting planned for a while. Be interesting to see what is said and reported about todays rally
Probably nothing but PM doong rally today about 35 miles from Phulbari. I think her son ‘Joy’ who was her tech adviser has now moved on to run the new Development Zone there
https://thefinancialexpress.com.bd/national/rangpur-abuzz-with-excitement-in-anticipation-of-pms-electioneering
Some of the links embedded in previous messages didn't come through, if you fancy an 'exciting read' of the context and full articles...
https://thefinancialexpress.com.bd/views/high-prices-the-cause-of-sorrow-and-suffering
https://thefinancialexpress.com.bd/editorial/subsidies-ending-up-in-wrong-hands
https://thefinancialexpress.com.bd/national/cpd-press-conference-aimed-at-diverting-peoples-attention-before-polls-hasan
https://thefinancialexpress.com.bd/economy/bangladesh/injection-of-131b-funds-is-stopgap-relief-for-falling-forex-reserves-economists-say
https://www.tbsnews.net/bangladesh/energy/power-energy-sectors-are-saddled-5-billion-outstanding-payment-amid-dollar-crisis
Think this is a rehash of article posted earlier but I find the last para especially interesting on resistance by the Bangladesh Bank to taking more loans and the comment "But the central bank only advises increasing the price of electricity, gas and petroleum which is not frequently possible for a political government", he (Nasrul Hamid) said. There is no immediate solution to the mess they have got themselves into, with food inflation running at over 12% to increase power tariffs further without a pledge that it's a temporary measure could be fatal .... isn't that what set off Sri Lanka..... but there is way they can offer a realistic solution going forward and thats to utilise their own coal...and ,imho of course, thats exactly what they are going to announce very soon.
https://www.tbsnews.net/bangladesh/energy/power-energy-sectors-are-saddled-5-billion-outstanding-payment-amid-dollar-crisis
....continued
Subsidies ending up in wrong hands
Instead, what we have been witnessing is a mind-boggling shameful misappropriation of government funds, especially in the energy sector. A large portion of the subsidy in the power sector is spent on paying capacity charges to around 100 private power plants, which amounted to more than Tk 1.0 trillion during the present government's three terms in power.
'Surprisingly, these power plants are given the capacity charge even when they produce no electricity. Such brazen misuse of taxpayers' money is undesirable, unfair and a grave injustice to the nation. The government must get out of the dubious agreements with the private power plants and adopt a policy of no-electricity, no-pay. Rationalisation of subsidies in the power and energy sector is one of the main conditions of the IMF's $4.7 billion dollar loan package to Bangladesh. To the dismay of the people, the government has already increased tariffs of power, gas, and fuel several times to reduce the burden of subsidy in this sector, and it is widely believed the tariffs will be hiked once again after the election'
Centre for Policy Dialogue report:
The minister said the CPD claimed that about Tk 920 billion including the loans taken by different big groups has been looted.
https://thefinancialexpress.com.bd/national/cpd-press-conference-aimed-at-diverting-peoples-attention-before-polls-hasan
Bangladesh, China economic ties poised for new era after elections: Chinese envoy
Bangladesh and China will witness a new era of development in economic relations after the general elections, Chinese envoy in Dhaka Yao Wen has said.
https://thefinancialexpress.com.bd/national/bangladesh-china-economic-ties-poised-for-new-era-after-elections-chinese-envoy
Injection of $1.31b funds is stopgap relief for falling forex reserves, economists say
'In their critical appreciation the economists alert the third tranche of the IMF loan is bound by 'hard terms'.
Terming the second tranche a 'stopping gap' for the depleting reserves, they say this is just a short-term remedy--there is no long-term solution yet.
They look on to the next IMF mission expected to visit end of March next for assessing Bangladesh's economy before recommending release of the third tranche of the total $4.7 billion worth of loan. This will require Bangladesh to conduct several tough economic reforms, including market-based exchange rate.
"I think this is a very short-term implication for the economy," says Dr Ahsan H. Mansur, executive director of the Policy Research Institute of Bangladesh (PRI).
"Such financial support will last until the post-national election and then the reserves will start depleting," notes Dr Mansur, who had once served the IMF.
Dr Zahid Hussain, an independent economist, who had served the World Bank, told the FE that the $1.3 billion would last at best six weeks.
Think we all know big changes are coming
Numerous stories in just one Bangladesh Paper on one day all of which at some point refer to the inability to cover the imported fuel , misappropriation of funds etc, reading through these articles it is apparent how this affects all areas of the economy and everyday life for the population. The very last article says 'Bangladesh and China will witness a new era of development in economic relations after the general elections, Chinese envoy in Dhaka Yao Wen has said' and there is one very obvious project that would if not solve greatly relive the pressure on the BD economy and it's woes.
High prices: the cause of sorrow and suffering
The impact of high energy prices on inflation in Bangladesh is a significant area of concern that warrants further investigation. The magnitude of capacity payments disbursed to independent power producers (IPPs), encompassing rental and quick rental power plants, has experienced a significant escalation. The government’s apparent objective has been to generate revenue by increasing energy prices for consumers and producers. The pressure by the International Monetary Fund (IMF) to eliminate subsidies is concurrently compelling the government to increase energy prices during a period characterised by an already high cost of living. Energy price escalation has been observed multiple times after 2021, exerting a notable influence on the overall inflationary tendencies. The current state of natural gas availability, which serves as a crucial energy source for power generation, has been characterised by a notable scarcity'
https://thefinancialexpress.com.bd/views/high-prices-the-cause-of-sorrow-and-suffering