tag:blogger.com,1999:blog-9083592332331184648.post2574165925345583467..comments2024-03-23T02:47:06.479-07:00Comments on Kerry B. Collison Asia News: Pakistan's Thar Desert Coal DepositsKerry B. Collisonhttp://www.blogger.com/profile/02939821793284561307noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9083592332331184648.post-71887134431142081272011-05-22T07:58:52.634-07:002011-05-22T07:58:52.634-07:00http://www.youtube.com/watch?v=6RAkAMI_hRI
http:/...http://www.youtube.com/watch?v=6RAkAMI_hRI<br /><br />http://www.youtube.com/watch?v=LZxGfJwjVzE&NR=1<br /><br />http://www.youtube.com/watch?v=_uM-luVsSw0<br /><br />http://www.youtube.com/watch?v=PZMK0DG_E2U<br /><br /><br />Coal is globally abundant, relatively cheap and will remain a vital fuel source for decades to come, particularly in developing countries. <br /><br />Energy policy advisor The International Energy Agency (IEA) forecasts that coal will remain the leading source of electricity generation through to 2035, albeit its share is expected to decline to 32 per cent from the current 41 per cent. <br /><br />While China, India and Indonesia account for nearly 90 per cent of the IEA's forecast of incremental demand growth to 2035, increasing demand and potential power deficits in Pakistan and Bangladesh look set to power the prospects of two junior coal miners.<br /><br />Oracle Coalfields plans to move next month from PLUS markets to the Alternative Investment Market (Aim). <br /><br />Its 371m tonne (mt) reserve could support Pakistan's first large-scale open pit coal mine and Oracle has attracted interest from power and cement companies that either already import coal or are expecting to have to do so.<br /><br />Electricity demand in Pakistan is projected to outstrip supply for two decades, driven by historical shortages more than surging economic growth. <br /><br />Indigenous oil and gas production has been in decline and coal-fired generation is projected to increase substantially as part of the government's energy plan.<br /><br />Oracle aims to complete a definitive feasibility study by the summer, after which it will finalise sales contracts and raise funds to allow it to begin mine development next year and produce first coal as soon as 2013.<br /><br />In Bangladesh, GCM Resources has for several years been mired in the process of securing permits for its 572 mt Phulbari coal project.<br /><br />Analysts at Evolution Securities believe the project could generate a quarter of the country's electricity for over 35 years, which would single-handedly transform power generation in Bangladesh.<br /><br />The company needs government approval for its Scheme of Development, which has been slow in coming. Just as in Pakistan, however, Bangladesh's natural gas reserves are depleting and power shortages are expected to worsen. <br /><br />The current government has set alleviation of the country's energy crisis as one of its principal objectives ahead of elections expected in 2013, so GCM's long wait might finally soon be over.<br />IC VIEW:<br /><br />Government approval would provide a strong boost to GCM's shares, and while the wait has been a long one, conditions look finally to be moving in the company's favour.THE VICARhttps://www.blogger.com/profile/18318801465030868630noreply@blogger.com