Phulbari gets environmental tick
Published by MAC on 2005-09-15Phulbari gets environmental tick
Miningnews.net
Thursday, September 15, 2005
ASIA Energy has been given environmental approval for its large open pit coalmine development at Phulbari in Northwest Bangladesh.
As the final part of the approval process, Asia Energy now plans to submit a "Scheme of Development" to Bangladeshi Government in early October, detailing plans for mining and exporting the 572 million tonne resource.
Phulbari, which consists of semi-soft coking coal and high energy thermal coal, is slated to start production in 2007 and to reach capacity output of 15Mt per annum in 2011.
The cost of development is understood to be around $US700 million.
Consultants used for the project feasibility have included GHD (study coordination and resource evaluation), MineConsult (mine design), QCC (coal preparation), SMEC (environment and social), and Barclays Capital (finance advisors).