Gcm Resources Share Discussion Threads

[legionnaire2] 20/9/2018 16:47

Gaywiper.

All your family and friends at the Blue Oyster club....

Lol.

[mickb1234] 19/9/2018 16:14

The Oracle has spoken! 🤣🤣🤣

[baxtea1] 19/9/2018 13:33

Just another feasibility study in a long list of feasibility studies Legion.

Share price reaction says it all

Nothing to see here

[jayviperjayviper] 19/9/2018 10:12

I think even Bax is starting to realise this is becoming more and more likely now.

[mickb1234] 19/9/2018 09:42

'Why on earth would they want to do this without the nod that the coal at Phulbari can be extracted....'

They wouldn't! 😀

[legionnaire2] 18/9/2018 18:49

Gcm

PowerChina are 182 on the GLOBAL Fortune 500. International, global powerhouse “state owned” subsidiary Sinohydro to undertake a ore feasibility study and DD on proposed mine mouth coal fired power plants to generate 4,000MW @ Phulbari in addition to existing 2,000MW.

Why on earth would they want to do this without the nod that the coal at Phulbari can be extracted....

[mickb1234] 18/9/2018 17:33

Ha ha Bacteria has made 11000 posts over 10 years waiting to claw his losses back. Only posts on GCM cos all his money is in thos pot. What a bellend! 🤣🤣🤣

[baxtea1] 18/9/2018 15:33

I’ll take that as a yes then.

Don’t work too hard girls xx

Enjoy the rest of your day refreshing the screen hoping to claw a little of your losses back ☹️

[mickb1234] 18/9/2018 14:05

Jay Bacteria has a bit of an obsession here, do you think he is trying to bend himself onto a spitroasting? As usual he's got it all wrong, we are not that type of boys! Ha ha

[baxtea1] 18/9/2018 13:43

mickb123418 Sep '18 - 10:38 - 27363 of 27364 (Filtered)

0 0 0
jayviperjayviper18 Sep '18 - 13:11 - 27364 of 27364 (Filtered)

Afternoon benders, still quiet then

[mickb1234] 18/9/2018 10:38

Ha ha Bacteria1 has such a way with words, his vocabulary is so limited I'm surprised he can actually string a sentence together.

[jayviperjayviper] 18/9/2018 09:12

You talking to Bax or Chinaman?


Or Eddie ha ha

[mickb1234] 18/9/2018 08:58

Chinaclown tell me, are you invested in this share? You're obviously mentally challenged, it's just not so obvious if you are a shareholder or not!

[chinaman 61] 18/9/2018 08:31

I doubt there's even a deal to begin with and all along it's just fake news from Tang and cronies and the fake news continues for suckers.....

[baxtea1] 18/9/2018 06:23

All very nice on the coal prices Shawzie.
Unfortunately GCM have no coal & it will take 3 years to get to the coal after SOD approval is given anyway. Long long time before any reward is potentially reaped there

[officerdigby] 17/9/2018 19:21

It always was a no brainer - however those in charge have no brain.

SIMPLE.

[mrshaungcm] 17/9/2018 19:13

Absence of a coal policy. The Power Sector Master Plan envisages that 25 per cent-30 per cent of the electricity generation will come from domestic coal in the long run which is an issue to be addressed urgently. Though Bangladesh has large quantities of high quality proven coal reserves, absence of a coal policy restricts us from utilising domestic coal. It takes about 10 years to develop a new coal mine and start production. Consequently, coal production will begin in 2027 at the earliest even if it is decided now. Therefore, it is necessary to carry out the required preparation as early as possible so that it could facilitate the maximum utilisation of the best quality domestic resources. Unfortunately, the production of Barapukuria coal mines in 2015 was 0.68 million tons and did not reach 1.0 million tons as planned. Nevertheless, the PSMP 2016 assumes that total domestic coal production will be 1.1 million tons and 5.7 million tons by 2020 and 2030 respectively.

Since there is no visible movement on domestic coal development, the government has decided to move first on coal-based power generation through imported coal. But coal import entails multiple investment and infrastructural challenges including the construction of one or more deep sea ports (which includes one in Matherbari), working through long-term contracts with foreign coal mining companies/suppliers of coal from abroad and internal shipment of coal to the power plants like Rampal.

The feasibility study for the Coal Transshipment Terminal (CTT) planned at Matherbari has been completed already. The first phase of the CTT will commence operation in 2025 which is planned to handle 10.4 tons per year. As the use of coal spreads, the fuel expense will be slashed, helping to curb increase in power generation costs.

[shawzie] 17/9/2018 15:56

Fans of Coal Are Reaping the Rewards
Intraday Glencore Plc Chart

Intraday Glencore Plc Chart
17/09/2018 2:29pm

Dow Jones News



By Paul Garvey
Global mining companies that bet on coal are enjoying the best prices in years -- a sign there is money to be made from the industry even as an energy transition to gas and renewables takes place.

Glencore PLC has used rising sentiment against coal to expand its position in the market, scooping up unwanted assets. The Swiss mining and trading giant has a history of pushing into businesses where rivals are reluctant to tread.

So far, Glencore's gamble appears to be paying off. High demand from Asia helped thermal coal prices delivered from Newcastle, Australia, the world's largest coal-export port, more than double since it bottomed in early 2016 to about $110 a metric ton. Export prices from South Africa and import prices into Europe are also at or near their highest levels in years.

Glencore stock has struggled this year amid regulatory scrutiny linked to businesses in Africa and Venezuela. But its coal division was a big driver in the record earnings it recorded in the first half of 2018, generating more than a quarter of the $8.3 billion in earnings before interest, taxes, depreciation and amortization.

Even after the recent weakness, Glencore shares have still more than quadrupled since the 2016 low in coal prices. Shares of global miners Rio Tinto PLC and BHP Billiton Ltd. doubled over the same period.

"Glencore is just generating tons of cash from those [coal] assets," said Jefferies analyst Christopher LaFemina.

Glencore's decision to expand in coal might look less charmed if and when global warming and pollution concerns cut into demand.

Other miners have shied away from the market. Rio Tinto completed its exit from the coal market earlier this year. BHP has almost halved its exposure through divestments in recent years and in April quit the World Coal Association over the industry group's position on climate change. Anglo American PLC has sold off its Australian thermal coal assets.

The diverging strategies on coal show how companies are grappling with a long predicted transition in energy consumption. Recent gains in coal prices are a reminder that timing this expected switch into gas and renewables can be tricky, with miners liable to leaving money on the table from their coal assets.

While renewables and gas are making inroads into Western power markets that have long depended on coal, emerging markets in Asia remain hungry for large, cheap sources of energy, increasing their coal demand. Some in the market say that at least in the near term, the lack of investment in coal mining can offset the impact from softening demand, leading to higher prices.

Mark Cutifani, the chief executive of Anglo American, told The Wall Street Journal that thermal coal -- the type of coal used in heating and power generation -- will be strong for the next "five to seven years."

But "beyond that it gets a lot harder to forecast because of the climate-change issues," he said. "We think switching will occur quicker than most people think."

Mr. Cutifani said that while Anglo American would continue supporting its remaining thermal coal operations, the company was unlikely to make major investments in the sector.

Mining companies have been very cautious about investing in new projects across commodities broadly, and given the longer-term uncertainties surrounding coal, investments in new coal projects have been particularly less likely.

For companies still interested in the sector, like Glencore, it can be cheaper to acquire unwanted mines from other parties than invest in new mines or expand existing operations. That further slows the pace of supply growth.

These factors have led commodity consultancy CRU Group to forecast that Newcastle thermal coal prices will continue to trade at more than $90 through 2022.

CRU also forecasts Chinese thermal coal demand will grow by more than 15% between 2016 and 2022, along with a 21% rise in coal demand from elsewhere in Asia, driven by countries like Thailand and Indonesia.

Paul Robinson, a director at CRU, said that while he believed the thermal coal-electricity industry was in structural decline, it was a transition that would take decades, rather than years, to play out.

"That was overlooked a little bit by Western analysts," he said. "If your investors and shareholders are comfortable with your exposure to energy and coal, then the rally in coal will continue for the next four or five years."


(END) Dow Jones Newswires

September 17, 2018 09:14 ET (13:14 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.