RE: Green light on the way12 Mar 2024 09:47
Its very positive that this is now openly being reported in the Bangla press, something that has not been done for a while ... and this a similar article to the one that Papi posted on Friday that gave us the rise late afternoon .. I would now expect Phulbari and OPM to be reported and given a lot more air time in the coming days / weeks
''State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”Hydrocarbon unit recently told Energy Division that Fulbari holds $83 billion worth of coal and $17 billion worth of other resources.
Mining both Barapukuria north and Fulbari using the open-pit method could yield 620 million tonnes of coal, meeting 70-80 per cent of the country's demand and saving $4 billion annually.
For Fulbari mining, 2,000 hectares of land will be needed, but it will be restored for agriculture within 3-5 years after extraction. Fulbari mine area spans 54.8 square kilometres, with a population of 46,500, requiring 10-12 years for rehabilitation.
A model town will be constructed in Fulbari's western part, with farming allowed until mining starts. This rehabilitation plan will cost $1 billion.
Nasrul Hamid has given assurance that groundwater will be managed during coal extraction, and locals will be employed and rehabilitated.
He highlighted that coal mining may reduce crop production of Tk 5,000 crore annually but importing coal could cost about Tk 70,000 crore yearly in future.
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