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e ~~ <br />~1 <br />y <br />We <br />~~r <br />NORWEST MINE SERVICES International Consultants and Engineers ro the Mining Industry MAY 1995 <br />OVERSEAS INVESTMENT OPPORTUNITIES <br />The World Bank is projecting that a <br />major change in relative importance of <br />the developed and developing <br />economies will take place in the next <br />fifteen years. The rich industrial <br />countries (USA, Britain, Germany, etc.) <br />have been in the dominant industrial <br />position since the early 1800's. <br />However, the next century will be <br />dominated by the economies of the de- <br />veloping countries (see figure). North <br />American mining executives are realizing <br />that the greatest opportunities for growth <br />exist overseas. <br />These economies will require rapid <br />expansion of electrical power facilities. <br />The per capita electrical power <br />consumption is less than 400 kWh in <br />India and Indonesia. This compares with <br />12,000 kWh in the USA. <br />The tremendous demands for power, <br />particularly in the developing Asian <br />countries, will create similar demands for <br />the most economical fuel -COAL <br />The most efficient coal mines in the <br />world (both sudace and underground) <br />are located in North America and the vast <br />majority are in the western half of the <br />continent. Our trips throughout the world <br />confirm the strong desire to take <br />advantage of North American coal <br />mining technology and funding. <br />However, a recent trip to an Indonesian <br />mining meeting showed that the Hussies <br />outnumbered the Yanks and Canucks by <br />about 25 to 1. <br />The opportunities are out there, but <br />they will not last forever! <br />DFS <br />SHARES OF WORLD OUTPUT <br />-FGdi lydiaWl(q,n0ia -I7walopug Caurmes' <br />Including Eastern Europe and loaner Soviet Union. <br />" Forocasts assume countries continue to grow <br />at regional rare projected by the World bank. <br />Source: World Bank <br />DIAN JOINT VENTURE COMPANY ESTABLISH <br />Norwest Mine Services, Inc., <br />City and CESC of Calcutta, <br />formed a new company in Inc <br />firm, RPG(Norwest Mine Se <br />Limited, just received approYfi <br />government to conduct bushes <br />~ It will provide consulting and <br />r• ~; services to the rapidly expanding <br />industry in India and surroundin <br />The new firm is owned 40% ` <br />Electric Service Company (CESC~ <br />RPG Industries Limited, and 40°k <br />ends and P.B. Ghosh, Vice-Chairman, CESCON, <br />during signing ceremony. <br />THE <br />- 1 ~ D~ <br />