Another Leap Forward For Phulbari Coal Project
BMI View: Bangladesh ' s coal mining sector is poised to make further strides in the coming years given ongoing governmental efforts to support the development of the Phulbari mine . The persistence of coal shortages in the country will override concerns over the social and environmental impact of the Phulbari project as the government seeks to alleviate deficiencies in electricity generation.
Bangladesh's coal mining industry is geared for further growth over the coming years as the government embarks on efforts to support the development of the Phulbari coal mine . In line with our expectations, the government of Bangladesh has continued to show its commitment towards the Phulbari coal project located in the northwestern region of Phulbari. Following a government-led report in October which endorsed the use of open-pit exploration, different agencies of the Ministry of Home Affairs have begun discussion with Global Coal Management Resources (GCM) in a bid to extend their support for a probable commercial exploration at the proposed mine. The project, spearheaded by London-based mining company, GCM, has remain in the doldrums since 2006 after widespread demonstration by the local community forced the government to ban open-pit coal mining and expel GCM from the country. It has been reported that the Phulbari coal mine would destroy more than 14,000 acres of land, contaminate local water supplies and physically displace as many as 220,000 people, mostly farming and indigenous households.
A Parlous Undertaking…
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|Bangladesh - Coal Production, Consumption & Balance ('000 tonnes)|