Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Looking to bring Government onboard as a partner; could this be the source of funding GCM require,
GCM is closely monitoring the situation and is looking forward to holding discussions with the Government and working through its Phulbari Coal and Power Project ("the Project") Proposal, including the modality for state participation as a partner in the Project.
We are more confident than we have been in recent years that we are getting closer to a political breakthrough for the Phulbari Coal and Power Project. When this happens, we are ready to deliver the benefits and investment returns that our patient shareholders deserve
Looks like the Islamic Trade Finance Corp are about invest $1.8billion into Bangladesh energy sector;
In further talks with Abul Hassan Ali, finance minister and governor of the Islamic Development Bank for Bangladesh, the discussions focused on enhancing energy security and fostering private sector growth through collaborative efforts.
Additionally, a meeting with Bangladesh’s State Minister of Power, Energy, and Mineral Resource Nasrul Hamid reinforced both parties' dedication to strengthening the country’s energy infrastructure. This effort builds on ITFC’s significant contributions of over $18 billion in energy and private sector development since its inception in 2008.
https://www.arabnews.com/node/2483066/business-economy
The article provides more information than we have previously had, the article is from an arm of the Chinese government, the Chinese president has sent Hasina a goodwill message stating that the two countries will develop closer ties;
Xi Jinping put emphasis on the development of China-Bangladesh relations, and on standing ready to work together to further advance high-quality Belt and Road Initiative cooperation and deepen the China-Bangladesh strategic partnership of cooperation.
Interesting thing is Yicai global whose website the article came from, are Chinese state owned;
Launched in August 2016, Yicai Global is the English-language news service of Yicai Media Group, the financial news arm of Shanghai Media Group, which is one of China's largest state-owned media conglomerates. Focused primarily on China's business world, Yicai Global is dedicated to provide reliable and insightful information and analysis of the economy,
All of the ducks are lining up nicely now.
PowerChina Unit to Design Coal Mine in Bangladesh for USD969.8 Million;
https://www.yicaiglobal.com/news/powerchina-unit-to-design-coal-mine-in-bangladesh-for-usd9698-million
Yicai) March 27 -- A unit of Power Construction Corporation of China, a state-owned infrastructure contractor also known as PowerChina, will design and strip Bangladesh's largest coal mine for about CNY7 billion (USD969.8 million).
PowerChina International Group inked the deal for the Phulbari coal mine with UK GCM Resources, Beijing-based PowerChina announced yesterday. The project includes the design of the mining infrastructure and overburden removal, procuring and installing stripping equipment, dewatering and drainage, ground production system, and sewage treatment, it added.
The contract has a four-year lifespan, including two years of overburden removal to expose the first coal for mining, with no warranty period, PowerChina noted. The Phulbari coal mine is located in Dinajpur district in northwest Bangladesh.
Established in 2009, PowerChina's main business includes infrastructure engineering and the construction and design of energy and power projects. It inked deals worth over CNY1.1 trillion (USD152.4 billion) last year, up 13.2 percent from a year earlier.
Shares of PowerChina [SHA: 601669] fell 0.2 percent to CNY4.97 (69 US cents) as of 10.35 a.m. in Shanghai today.
Editor: Martin Kadiev
China and Bangladesh closer ties.
https://www.thefinancetoday.net/article/national/24337/China-greets-Bangladesh-on-Independence-Day
Nothing to get excited about in Hasina speech.
https://www.bssnews.net/news-flash/180717
smarty as you have said before this corporate activity can be traced back to october last year when they included in there presentation for the first time account details and balance sheet.
back of a *** packet, the shallows value has to be above $100m
The technical information to be collected from Deep Well 803 is expected to be sufficient together with the information already gathered at the other BNG deep wells drilled to support an application to upgrade the BNG deep structures licence to a full production licence.
Why do this unless you are CONFIDENT that the deep wells are going to flow.
Https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition
Surely if they get the waiver from IPF the SP will recover and then they do the rights issue at a much higher price than it is now.
Faron Pharmaceuticals Ltd continues active negotiations to receive a waiver from IPF and to unblock the pledged bank accounts.