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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (31302)1/16/2009 1:18:32 PM
From: LoneClone  Read Replies (1) of 194406
 
World Bank interested in Thar coal project

steelguru.com

The News quoted Mr Qaim Ali Shah chief minister of Sindh as saying that 8 blocks of Thar coal have already been developed and now the World Bank is also interested in 2 blocks of the Thar coal project. In this regard, it has already held two high level meetings in Washington.

Mr Ali also said that China was also very enthusiastic to be associated with the project and the government was in talks with it regarding the matter. He added that both small and big investments worth over USD 2 billion were in the books and would be announced once they were finalized.

Mr Shah also earlier visited the Federation of Pakistan Chambers of Commerce and Industry to meet businessmen and discuss issues related to the economy with them. He clarified that the Sindh Energy Board would decide the power tariff that would be produced by Thar coal, NEPRA and OGRA disputes regarding the subject were directionless.

He further said the government would be holding a high level meeting in two days to discuss several issues and the matter of Thar coal would also be taken up there. The Thar coal issue has been in question for over a decade as it had been initiated by the late Benazir Bhutto back in 1994.
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