Thar coal mining project in Pakistan | Updates & Discussions.

Discussion in 'Pakistan Economy' started by Horus, Nov 10, 2009.

  1. Horus

    Horus ADMINISTRATOR

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    175,000,000,000 Tons of Coal reserves have been Found in Thar desert in Sindh Province Pakistan.

    According to Official reports it can cover Pakistan's energy needs for Centuries to come.
    The Value of these reserves are about 16 trillion US dollars , in order to expand it Intensive research and exploration activities are already on the track in Kohlu , Chamalang Area.

    Pakistan also have found huge amount Gold and Copper & silver reserves , only Sendak project has an output of 16 Thousand Tons Of Gold , silver and Copper per annum.

    In Baluchistan , Racudik mining site has been discovered with Vast Gold Silver and Copper reserves the feasibility reports are being processed to estimate the total Amount . According to some reports it will produce 72000 tons of Pure copper in the first year .

    Pakistan also has discovered vast Iron reserves estimated 600 million tons.

    Please share your ideas.


    Corruption would be another issue in this thread so here is my contribution, a must watch video on Sold out Pakistan's Natural Resources.



    Regards:

    Reference:Daily Express News Story
     
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    Last edited: May 3, 2014
  2. Hulk

    Hulk ELITE MEMBER

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    Do you have any other source other then this video.
     
  3. Horus

    Horus ADMINISTRATOR

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    Sunday, November 08, 2009

    Establishment of new refineries to enhance capacity by 465,000bpd
    465,000bpd

    By Sajid Chaudhry

    ISLAMABAD: With the establishment of three new refineries in the country total refining capacity of the country would reach 713,506 barrels per day from existing 248,506 barrels per day.

    The estimated capacity of the proposed refineries are: Khalifa coastal refinery project 250,000 barrels per day, Bosicor Oil Pakistan Ltd 115,000 barrels per day and Trans Asia Refinery Ltd 100,000. At present seven refineries are operating in the country having the capacity to refine 248,506 barrels per day. The individual capacities are: Pak-Arab Refinery Ltd 100,000 barrels per day, National Refinery Ltd 62,050 barrels per day, Pakistan refinery Ltd 47,110 barrels per day, Attock refinery Ltd 42,000 barrels per day, Bosicor Refinery Ltd 30,000 barrels per day, Dhodak refinery Ltd 2,500 barrels per day and Enar Petrotech Services Ltd 2,646 barrels per day. Feasibility studies are underway to produce 72,000 tonnes of copper concentrate from Balochistan with initial investment of $1 billion as well as up gradation of Chichali iron ore deposits. The Ministry of Petroleum in its written reply to the National Assembly informed that National Mineral Policy 1995 formulated by PPP government has enhanced country's international competitiveness because of attractive regulatory and fiscal regime. As a result of which mineral sector has secured foreign direct investment of $800 million and augmented revenue receipts from mineral sector by many folds.

    Copper, gold and silver: With the endeavors of the present government Saindak Project Balochistan, operated by Chinese company, has started production of 16,000 tonnes of copper, gold and silver per year since 2003. Moreover, a joint venture of two foreign companies M/s Antofagasta and M/s Barrack Gold of Canada (M/s Tethyan Copper Company) is preparing feasibility study on mining and processing of Reko-Diq deposits in Balochistan to produce 72,000 tonnes of copper concentrate in the initial stage by investing $1 billion. The government of Pakistan and provincial government is providing required assistance to the company in this regard.

    Pakistan has iron resources of more than 600 million tonnes, however, due to its low grade it cannot be used in Pakistan steel, which is importing iron ore by spending huge foreign exchange. Present government has given high priority to utilise indigenous iron resources. Pakistan Steel has been facilitated to acquire three leases of iron ore deposits in Balochistan. Efforts are underway to develop a mechanism for up gradation of indigenous iron resources to make it acceptable for utilisation in Pakistan steel. To facilitate the investors in Thar coal filed more than Rs 2 billion is been spent on discovery, evaluation of coal and development of infrastructure in Thar coalfield. To enhance the proved coal resources of the country Geological Survey of Pakistan has launched a project to explore, confirm more coal deposits in Kohlu-Chamalang area of Balochistan. The private sector has been allowed to import coal-washing plants to improve quality of Thar coal for processing industry.:pakistan:






    Major players International Minning Compnies.

    BHP billiton,Barrick Gold,Tethyan Copper Company.
     
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  4. Horus

    Horus ADMINISTRATOR

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    Look at the Bottom of the Video its a Newspaper refrence but its in URDU so i have Translated it into English.

    Please look at the below post as well.

    Regards:
     
  5. Horus

    Horus ADMINISTRATOR

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    Islamabad Sees Deals With China

    :pakistan::cheers::china:

    BEIJING -- China and Pakistan are discussing a variety of deals, including a possible investment by China Petrochemical Corp. in a major Pakistani coal reserve, a senior Pakistani government official said Tuesday.

    The talks underscore how Pakistan is becoming another important investment destination for China in its hunger for oil and gas.

    Sohail Ahmad, director of Pakistan's Board of Investment, said the two sides are also discussing an option to construct a rail and road link to help transport oil from the Middle East to western China.Mr. Ahmad said the two potential deals are part of broader bilateral trade and economic cooperation proposals under discussion between the two countries. Other areas for potential cooperation include the textile, heavy industry and water sectors, he said.

    China Petrochemical Corp., also known as Sinopec Group, has launched the first phase of a feasibility study into the estimated 185 billion metric ton Thar coal reserve, located in southern Pakistan.

    It is studying gasification of the coal reserves among other possibilities such as power generation and mining, Mr. Ahmad said. Gasification is a process to convert coal into gas and then into liquefied natural gas, or LNG, for producing chemical products.

    Pakistan has vast coal reserves, mostly in the Thar Desert, but has barely exploited them due to a lack of investment.

    Last year, the Pakistan government said the reserves were the fifth-largest coal reserves in the world. Pakistan produces less than 0.5% of its total power generation capacity from coal, it said.

    China, meanwhile, is seeking raw resources to fuel its rapid development and to funnel resources into its less wealthy western region.

    Mr. Ahmad also said the two governments are in talks to build a road and rail link from Pakistan's Gwadar Port, at the mouth of the Persian Gulf, to Xinjiang in western China. The port was jointly constructed by the two countries.

    If the link is built, it might among other things help extend to Xinjiang the oil pipeline from Iran to Pakistan or the LNG route from Qatar to Pakistan, he said.

    Discussions between senior government leaders of Pakistan and China on the link, which could cost billions of dollars, remain "at the very initial stage," he said.

    Pakistan President Asif Ali Zardari, who visited China in August to talk about these and other projects, will visit Beijing again in December for further talks, Mr. Ahmad said.

    Asked if Pakistan is worried about Chinese state-owned enterprises taking control of some of its important companies, he said, "We don't have any concern, and we don't feel China is a threat."

    The two countries' leaders have decided to set up a China-specific economic zone in Pakistan, he said, featuring a tax exemption as well as some legal protections.

    —Victoria Ruan and Wan Xu

    Reference:Islamabad Sees Deals With China - WSJ.com

    Regards::smitten:
     
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    Last edited: Nov 10, 2009
  6. Omar1984

    Omar1984 ELITE MEMBER

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    I'm not surprised. Sindh and Balochistan are the two areas richest in natural resources in all of South Asia. The question is will Pakistan's leaders be smart enough to use these natural resources for the benefit of Pakistan and the benefit of the people of Pakistan, especially people of Sindh and Balochistan.
     
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  7. PlanetWarrior

    PlanetWarrior SENIOR MEMBER

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    That is an important observation. Usually when rich mineral reserves are found in an area , there arises resentment from the local population relating to the national government's refusal to invest a portion of the funds received from those minerals in the area where the minerals are being mined. In Botswana that is the usual complaint from the locals about mining in their areas
     
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  8. FlyingEagle

    FlyingEagle FULL MEMBER

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    Reko Diq is a small town in Chagai District, Balochistan with world's largest Gold and Copper reserves.

    Tethyan Copper of Australia has taken the contract to develop this mine. Barrick Gold Corporation of Canada and Antofagasta of Chile have a joint-ownership of the copper-gold deposit at Reko Diq.

    The Reko Diq deposit is being explored by Tethyan Copper Company Pty Ltd (75%) and the (BDA) Balochistan Development Authority (25%). Tethyan Copper Company is held jointly (50:50) by Barrick Gold Corporation and Antofagasta Minerals.

    Currently the deposit is at scoping / pre feasibility stage. It is a world class copper / gold porphyry style deposit, typical of the tethyan belt.

    It has been sold to the Zionist controlled regimes by the Pakistani Government under the dictator at a price of $21 billion. Rough estimates suggest that the gold and copper at the surface alone accounts for $65 billion worth of deposits.

    Tell me how many of us know about it ...remember the total debt on Pakistani Nation is $38b.

    Now the question is why Pakistani media and Govt is silent about it? why it is kept secret from Pakistani Nation?

    References:

    1. http://en.wikipedia .org/wiki/ Reko_Diq

    2. Prospectors & Developers Association of Canada pdac/publication s/papers/ 2003/Schloderer. pdf

    3. http://www.dawn. com/2006/ 03/13/ebr9. htm

    4. Reko Diq in Balochistan : US $ 65 Billion natural deposits sold for US $21 Billion - NaiTazi.com
     
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  9. eastwatch

    eastwatch SENIOR MEMBER

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    If the 175 billion ton reserve is correct then the market value of this coal reserve may be about $16 trillion ($16,000 billion) and not $16 billion. Please correct your estimate. Indeed the reserve is very very big. I wish it comes true.
     
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  10. Horus

    Horus ADMINISTRATOR

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    yes offcourse , we want to see it happening and there is a anticipation about Huge amounts of Daimonds too..

    So lets see what our Idiotic rulers do about it.:pakistan:
     
  11. B06

    B06 SENIOR MEMBER

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    nice words impressive my feelings


    Our Freedom is a tree which Provides us Shadow in the Burning sun !
    But it calls for Blood sometimes to keep alive & i am ready to give mine when needed
     
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  12. Hulk

    Hulk ELITE MEMBER

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    Well if the news it true then focus on mining. When you have assets worth trillion then who cares for Aids. Congratulations to you all.
     
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  13. TOPGUN

    TOPGUN PDF THINK TANK: ANALYST

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    Aids have nothing to do with this topic nor the issue plzz stick to the topic! second this is awsome news and iam sure it is true.... GOD bless Pakistan.
     
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  14. The Patriot

    The Patriot FULL MEMBER

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    its is 100 per cent true for authenticity you can visit govt websites. and there are hundreds of other sources even available on net. just google.
     
    Last edited: Feb 17, 2010
  15. greatsequence

    greatsequence FULL MEMBER

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    and you can continue on youtube it has got five parts... what our govt did
     
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    Last edited by a moderator: Nov 5, 2013