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Dhaka Tribune

Asia Energy further promises to dig open pit mine in Phulbari

Update : 21 Dec 2015, 04:45 PM

GCM Resources, the parent company of Asia Energy, has promised to conduct open pit coal mining at Phulbari in Bangladesh.

The commitment of the London-based company was made during its annual general meeting in the UK capital on December 18.  

According to a press release signed by its COO Gary N Lye, issued by the Asian Energy's Dhaka office, GCM chairman Datuk Michael Tang, who has been re-elected chairman, reiterated strongly of his personal and company's commitment to work with Bangladesh government and the local community to develop the Phulbari Coal Project including associated power plants.

Asia Energy conducted a feasibility study a few years back on the mining potentials of the Phulbari area and submitted its report to the government. But following a backlash by the local residents in Phulbari, the company had to close down its site office and pulled out from there. Some local residents were killed in the police firing during the protest incident.

Since then the coal mining firm has been pursuing the government to obtain the mining job. But still the government remained undecided due to its commitment not to allow any open pit mining in the country that would be harmful to the local community and destroy the fertile land.

Referring to its AGM decision, the Asia Energy said that it wants to be a part of the Bangladesh government's initiative to generate 19,000MW (Megawatts) of power from coal by 2030.

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