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"We have two coal mines near the existing one – Phulbari and Dighipara coalfields in Nawabganj -- as options in our planning. We can proceed with one of these if we get approval from the highest level, though these mines are at very preliminary stages," he said.

However, the government is taking time because developing another mine will require land acquisition, which is a very sensitive decision as the land in that area is very fertile and people's livelihoods are also linked with it.

"We will have to balance all these factors. This is also an election year, so no sudden decisions will be made," added Zanendra Nath Sarker.

Https://www.tbsnews.net/bangladesh/energy/coal-mine-hardly-utilised-and-then-what-656878?amp

"The next national election has to be held within 90 days prior to the end of the current parliament's tenure, which is January 29, 2024"

So the election could be from October 29th

https://www.thedailystar.net/news/bangladesh/news/conspiracies-afoot-dislodge-govt-3353371

“He said policymakers did not look into the production of primary fuels from domestic sources like coal and gas.“

https://www.dailymessenger.net/business/news/5743

It said the local energy exploration has been neglected while the electricity generation now largely depends on the imported primary energy, which is a major cause of all economic woes.

https://www.daily-sun.com/printversion/details/696527/Overcapacity-crippling-power-sector:-CPD

Bangladesh will need $10 billion annually to import primary fuel for power generation: CPD

https://unb.com.bd/category/Bangladesh/bangladesh-will-need-10-billion-annually-to-import-primary-fuel-for-power-generation-cpd/117706

India: Govt outlines ambitious coal export plan for CIL. Will it materialise?

Bangladesh is planning to build new coal-fired power plants. Accordingly, thermal coal demand for power generation is forecast to rise from the present 2.3 mnt to 21-25 mnt by 2025. However, the government is facing difficulties in developing planned capacities due to financing and coal availability issues.

https://www.coalmint.com/insights/India-Govt-outlines-ambitious-coal-export-plan-for-CIL-Will-it-materialise--450727

Https://businesspostbd.com/power-energy/tax-holiday-extended-till-2036-for-pvt-power-cos

Bangladesh tightens policy to cut inflation, meet IMF conditions

https://asia.nikkei.com/Economy/Bangladesh-tightens-policy-to-cut-inflation-meet-IMF-conditions

There problems seem to be getting worse for all fuel supplies!

Another great deal signed…. Not!!

“On top of that, BPC pays $32,000 daily as financial punishment due to the delay in oil redemption, leaving the corporation in double jeopardy.“

Not sure if this has been posted before or not, it’s an article from the 7th…..

who ever signed this deal should be lock up, it’s absolutely crazy!!!

Bangladesh will pay enough to build 3 Padma bridges as capacity payment to Adani

https://www.tbsnews.net/bangladesh/infrastructure/bangladesh-will-pay-enough-build-3-padma-bridges-capacity-payment-adani?amp

Payra port operations slow down for halt in coal imports

https://www.thedailystar.net/business/economy/news/payra-port-operations-slow-down-halt-coal-imports-3349826?amp

As has already been said, it s interesting to see that they felt that they only had to raise 500k at this stage, also as has been said before, it still will be interesting to see who has bought them!

Yes mate, just saw that, looks like it was from first thing this morning, so personally I am leaning towards a buy, especially after Marv's comments from yesterday

Someone is not happy!!

Adani reacts to New Age report

https://www.newagebd.net/article/204004/adani-reacts-to-new-age-report

This may help the SP tomorrow…

GCM Resources (LON: GCM) shares jumped 42.2% to 4.125p on the back of talk about a shortage of coal in Bangladesh. The Phulbari coal and power project is still a long way from production, but the authorities are keen to increase supply from Bangladesh.

https://ukinvestormagazine.co.uk/aim-weekly-movers-acuity-rm-recovers-on-back-of-contract/

Lots of off topic articles posted recently that are not directly related to Phulbari and open pit mining, but I feel it’s good to see the whole picture and see what the real state Bangladesh is actually in!!!

Apologies if you don’t feel that they are necessary!

Govt borrowing from commercial banks surges suddenly

https://www.newagebd.net/article/203979/govt-borrowing-from-commercial-banks-surges-suddenly

AL won't get over 10 seats if election is held under caretaker govt: Fakhrul

https://www.observerbd.com/news.php?id=423482

“Touching upon the power and energy situation of the country, the Prime Minister's Adviser noted that power and energy is the engine of growth.“

https://www.bssnews.net/business/130445