Jump to content
Sign in to follow this  
denarii

GCM Resources (ex Asia Energy)

Recommended Posts

well the energy advisor to the prime minister (the PM is the energy minister) has officially denied that they have already given the go ahead to GCM, and you know what they say about believing rumors when there is an official denial lol.

Share this post


Link to post
Share on other sites

seems the arsewipes who run bangladesh are now ready to implement the coal policy.

 

if gcm get the greenlight particularly if they get to mine barakapuria south from the phulbari open pit box then its more like 25-35mtpa production and at least a 5-10 bagger from here.

Share this post


Link to post
Share on other sites

http://www.daily-sun.com/?view=details&amp...date=24-02-2011

 

Onus on MPs to woo people’s nod→ Staff Correspondent

A parliamentary watchdog on Wednesday suggested that the elected representatives such as the members of parliament be engaged in gaining support of the local people for open-pit mining in Phulbari.

 

The members of the parliamentary standing committee on power, energy and mineral resources ministry believe that any survey of the people in the coalfield by bureaucrats would cause public outrage.

 

They said the lawmakers and other elected repres-entatives would help implement Phulbari mining project in Dinajpur, which is important to ensure energy security of the country.

 

“If people of the area do not want, none can implement the project (in Phulbari),” said Chief Whip Abdus Shahid, who is also a member of the committee.

 

After the meeting of the committee, Shahid told daily sun that all members of the committee agreed that the bureaucrats will not be able to convince people to leave their homesteads for the proposed mining project.

 

Energy ministry sources say the government authorised the deputy commissioner of Dinajpur district to carry out a survey of the people to be removed from the coalmine area. But the team could not carry out survey due to the people’s hostile attitude.

 

Sources said committee chairman Subid Ali Bhuiyan stressed engaging local political figures to mobilise public support.

 

“The government should send the elected repres-entatives there (Phulbari) and make people understand that coalmining is necessary for the country’s energy security,” said the com-mittee head who talked in parliament in favour of open-pit mining in Phulbari.

 

The previous govern-ments signed a deal with British company Asia Energy on open-pit mining which sparked violent protest.

 

At least two people were killed by the law enforcers in 2006 during a street protest against the mining project.

 

The left leaning political parties formed a platform to resist mining in the area which will render at least 40,000 people homeless and cause environmental catast-rophe.

Share this post


Link to post
Share on other sites

 

The price action has been rather horrific. Are you still holding on?

Share this post


Link to post
Share on other sites
Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×