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Dr Rumana Hashem, the Chair of Phulbari Solidarity Coaltion and an organiser of the London protest says: " London-listed companies are required to hold AGMs within 14 months of each other, 14 months was up by 28th February. The London Stock Exchange now needs to investigate whether GCM is in breach of the law.
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Urgent steps should be taken to extract coal from Phulbari and Khalaspur coal mines. A political decision has to be made regarding coal mining, which needs to be made by 2025. If not, the crisis may increase in the future, Hossain also said. Fuel prices should be fixed through Bangladesh Energy Regulatory Commission (BERC).
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The slightly lower grade coal used in the Payra power plant is currently trading at $180-200 per tonne in the global market, said BPDB sources. If this continues, Bangladesh will have to spend Tk 4,860 crore every year to import coal from 2025. Mollah Amzad Hossain, the editor of Energy and Power Magazine, told The Business Post that imported ...
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Coal is used to produce a huge amount of electricity (up to 68% in India and 80% in China), and can play an important role in the energy mix of Bangladesh in the future. However, before Bangladesh can proceed with coal mining, there are several important issues that need attention. Coal is a dirty fuel, and if not done properly, coal mining can ...
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Phulbari is a coal rich area of Bangladesh. On the other Phulbari coal mine project is a burning issue in Bangladesh politics. Global alliance of corporate capital and some local interest wanted to extract coal through open pit mining method at Phulbari which will destroy the particular area.
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The Phulbari mine is expected to lead to a 1 per cent increase in the gross domestic product of Bangladesh over the next 30 years, bringing more that US$ 21 billion to the Bangladeshi economy. [3]
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In the future, the Bangladesh government would like to import coal rather than use local coal. Currently, eight imported coal-based power projects with a total installed capacity of 6,543 MW are in the pipeline and will be commissioned between 2020 and 2023, whereas three mineable coal deposits will be explored by the late 2030 s ( Power ...
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The Phulbari Coal Projects will likely be cancelled as a result. The ministry will soon send the plan to the Prime Minister's Office for review. Project Details. Owner: GCM Resources; Operator: GCM Resources; Location: Phulbari upazila, Dinajpur district, Rangpur division, Bangladesh; Coordinates: 25.9468733, 89.5532405 (approximate)
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In this case, that would be London-based Global Coal Management Resources (GCM), which claims Bangladesh's coal reserves in Phulbari as its primary asset. GCM's efforts to force the coal mine forward have already resulted in bloodshed. Three people have been killed and as many as 200 wounded for the simple act of protesting against the mine.
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Phulbari Coal: a parlous project in numerous respects. Comments on Global Coal/GCM Resources/Asia Energy's SEIA for the Phulbari coal mine and transportation project in Bangladesh. Submitted to the Asia Development Bank (ADB) board. by Roger Moody, Nostromo Research, Kolkata, 26 March 2008
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Unprecedented impacts are projected for the $1.1 billion Phulbari proposal to extract 16 million tons of coal from northwest Bangladesh. Phulbari represents the only project for the British company, Global Coal Management Resources plc (GCM) (formerly Asia Energy).
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Along with information from the company and the web, local leaders drafted a pamphlet titled 'Step-up to Protect Phulbari's Resources' (2005): ...the Australian company that got the mine lease is going to take away 94% of our coal and even though the Bangladesh is the owner of the resource our country gets only 6% of the royalty.
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security to the future development of Bangladesh. GCM continues to work with the Government of Bangladesh to move the Phulbari Coal Project forward • GCM acquired a 4% interest in Polo Resources Limited and increased its equity interest in Aura Energy Limited from 13% to 18.5%
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Bangladesh coal protest, 4 dead. Dhaka - At least four people were killed and 100 injured when police opened fire on thousands of Bangladeshis as they tried to storm an office of British coal miner Asia Energy Plc

The exploration of coal following the open pit method will influence the groundwater resources in and around the mine due to pumping of groundwater as well as precipitated water which will be accumulated in the floor of the open pit mine. Groundwater is the main source for agriculture and domestic use of that region.
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The Phulbari coal project is a proposed open pit coal mine in northwest Bangladesh and includes the construction of at least one 500-MW power plant. At full production about eight million tons of coal will be transported by rail and barges to an offshore reloading facility located in Akram Point. Read More,
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For example, the reserve for Phulbari coalfield is shown to be 400 and 572 million tons (MT) in the national energy policy and the draft coal policy, respectively. The coal reserve for Khalaspir is 450, 143, and 400 MT as per the national energy policy, the draft coal policy, and the GSB, respectively. Because of the great depth, the draft coal ...
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However, Dinajpur is highly rich with natural resources like coal, pit mine. Of the five coal field discovered so far in Bangladesh, three are in Dinajpur. The name of these deposits are-Barapukuria, Phulbari and Dighipara coal field. At present coal is being produced commercially only from the Barapukuria underground coal mine in Dinajpur ...
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Bangladesh awarded the licensing agreement for mining the deposit to the Asia Energy Corporation (Bangladesh) Pty Ltd,3 a wholly-owned subsidiary of British-registered Global Coal Management Resources Plc. (GCM). The Phulbari mine is expected to lead to a 1 per cent increase in the gross domestic product of Bangladesh over the next 30 years ...
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January 06, 2013, On December 20th, activists protesting an open-pit coal mine in Phulbari, Bangladesh dumped coal at the entrance to mining company GCM Resources in London. The company was holding their Annual General Meeting. One activist dressed as Santa Claus gave company chairman Gerard Howell a present of a stocking full of coal.
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World Development Movement (04/02/2013): Protests prevent British mining company GCM visiting mine site in Bangladesh - director resigns. Coal Guru (05/02/2013): Future of the Phulbari coal project of GCM in Bangladesh in doubt. The Manufacturer (04/02/2013): Mining CEO resigns after Bangladeshi protests
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Photo by Golam Rabbani. On Thursday, December 15, 2016, Bangladeshi protesters from the Phulbari region were joined by climate activists in London outside of the annual general shareholders meeting of Global Coal Management (GCM) Resources Plc, a British mining company who wants to build a massive open cast coal mine by forcibly displacing 130,000 people in Phulbari, Bangladesh.
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BHP could not locate a shallow coal deposit around 100m depth; the Phulbari deposit is much deeper between 150m and 260m. BHP knew very well that an open-cut mine at such depth would need multi-dimensional long-term environmental studies besides tackling geological and engineering problems.
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Protests at GCM Resources AGM over Phulbari coal mine By Raaj Manik, 5 December 2013 A noisy and powerful protest was held outside the AGM of London-based mining company GCM Resources, on 4 December, over the company's proposed Phulbari coal mine in Bangladesh, which if it goes ahead will displace an estimated 130,000 people and will pose ...
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This 26th August marks the 15th anniversary of the Phulbari killings when three young people were shot dead and more than two hundred injured during a non-violent demonstration of 80,000 people who marched against coal mining in Phulbari and the displacement of 130,000 people from the region by London-listed Asia Energy, thereafter GCM Resources.
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Phulbari coal mine project, Bangladesh Read the story of one of the most violent repressions in Bangladesh, with several and male victims, leading to a ban on open-pit mining in the area and withdrawal of international funding AR CN EN ES FR IT TR Description: Basic Data Source of Conflict Project Details and Actors Conflict & Mobilization
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About GCM Resources. GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the Project) in north-west Bangladesh.
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Bangladeshi community and transnational campaigners against the development of coal mines in the Phulbari region of Bangladesh are protesting at the annual meeting of London based company GCM resources. The coal company plan to start mining in Phulbari and build a 6000 MW power plant. ... 350 is building a future that's just, prosperous ...
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With the Asian Development Bank preparing to give a $100 million loan and $200 million political risk insurance package to GCM Resources' open pit coal mine in Phulbari, Bangladesh - the future of the entire local population becomes evermore uncertain.
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In 2006, more than 50,000 people gathered to protest coal mining in Phulbari, in the Dinajpur district in Bangladesh. After the protest, as people were returning home, the paramilitary opened fire and killed 3 people, injuring over 200 more. 2 of the 3 killed were school-age children.
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It's been said that the total amount of coal from the Phulbari field will be able to generate 6,600 MW of electricity for 30 years and the government will earn $7.5 billion in taxes and ...
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In 1998 The Asia Energy Corporation (Bangladesh) Pty, a wholly-owned subsidiary of Global Coal Management Resources plc. (GCM), 2 was awarded a contract by the Government of Bangladesh to mine coal in Phulbari. The Phulbari coal mine is an open-pit coal mining project which involves digging huge pits with heavy machinery to access the coal deposit.
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Among the discovered coal fields only Barapukuria and Phulbari coal resources are confidently defined, others are inferred only and significant efforts will be required to define the mineable reserve of those coal fields. ... On the other hand, 87 percent of Bangladesh's power generation depends on natural gas. But, the future of gas for ...
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In Bangladesh in 2007-8, speculation about an energy catastrophe thrived alongside utopic visions of democracy. Two events consolidated the despair and hope for collective national futures: a movement against possible coal mines in Phulbari in the northwest and a nationwide political emergency. They are the focus of this essay.
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The country's top business leaders on Tuesday said the contract with the British firm_ Asia Energy _ for developing the Phulbari coal mine was against the country's interest.
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With the advent of petroleum resources the share of coal in the world energy mix had reduced. ... An USA- Australian coal mining company BHP discovered a major coalfield named Phulbari in 1997. Here coal was encountered at depth of 130-260 meter below surface. ... The facts that make coal mining difficult in Bangladesh is the greater depths of ...
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Baprapukuria underground coal mine of Dinajpur district is the first and the only commercially coal producing mine in Bangladesh. Commercial production started in 2006 with target of 1 million tons...
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Bangladesh awarded the licensing agreement for mining the deposit to the Asia Energy Corporation (Bangladesh) Pty Ltd,1 a wholly-owned subsidiary of British-registered Global Coal Management Resources Plc. (GCM). The Phulbari mine is expected to lead to a 1 per cent increase in the gross domestic product of Bangladesh over the next 30 years ...
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This is a report on Future Scenarios for the Petroleum Development Sector in Bangladesh with a primary focus on natural gas demand and supply. It has been prepared under ADB Grant 0019:
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The coal -fired power stations in Southern Asia surrounding Bangladesh are rising rapidly. As a result, the supply, the quality and the price of imported coal will become very unstable in future. From the situation mentioned above, domestic coal development will become more important than at present in future, because high-quality coal is ...
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