Ali Asif Shawon: The price of coal from the Barapukuria Coal Mine Company Ltd (BCMCL) may rise again, this time by 5%, as the Ministry of Power, Energy and Mineral Resources has decided to renew a six-year contract with Chinese company XMC-CMC Consortium. The price of coal per ton, including VAT and tax, has been proposed at US$85.85 in the new contract, officials said. The XMC-CMC consortium is offering this... »
The AIM-traded firm said the agreement related to its 572 million tonne high-grade coal resources at the Phulbari Coal and Power Project in north west Bangladesh. Under the agreement, the parties had agreed to establish a joint venture entity, which would be responsible for progressing and implementing the framework agreement. GCM and NFC would meet on a regular basis to discuss and arrange works relating to the project, including, but... »
An Indonesian ship carrying 22,220 tonnes coal reached Payra port in Patuakhali district for Bangladesh-China Power Company Limited (BCPCL) on Monday. Payra Port Authority and BCPCL in association with upazila medical officer carried out the medical procedure to check the temperature of the crews who were not allowed at the jetty. The ship will leave the port after unloading the coal tomorrow, said a press release of Shipping Ministry here... »
The lone local hard-rock mine in northern Dinajpur district is struggling to lure potential buyers, even if the domestic demand for the mineral has skyrocketed. Maddhapara Granite Mining Company Ltd (MGMCL) is toiling to sell 1.6 million tonnes of stone annually as Bangladesh imports more than 20 million tonnes. Its high-grade granite is in stock, but buyers opt for ‘lower-grade’ stone imports preferably from India, Bhutan, Vietnam and Dubai, industry... »
Despite political support from the White House, U.S. coal consumption continues to fall, as power producers shutter coal-fired units in favor of cheaper and more flexible natural gas as well as solar and wind. U.S. power producers generated almost 6 percent less electricity from coal in the first half of the year even as total generation rose almost 5 percent and gas-fired generation was up 17 percent. Coal-fired generation declined... »
Coal mining is reinitiated from the Barapukuria coal mine. The mine is now producing around 2 thousand metric tons of coal daily on an average. Barapukuria coal mining authorities informed that, the mine resumes it production on 8th September after a three-month halt. Initially, the miners started experimental mining and after 2 days of experimental mining, they began the regular mining operation. After 15 days of operation, the mining process... »
The Bangladesh Power Development Board (BPDB) has issued Requests For Proposals (RFPs) for importing 1 lakh metric tonnes of coal to run the Barapukhuria thermal power plant. Under the RFP, interested parties will have to submit their price quotations within 31 August. However, the Adani Group, an Indian conglomerate, has quoted its price at USD 181 per tonne of coal well before the deadline, sources told. Prime Minister Sheikh Hasina... »