------------------------------------------------------------------------------------------------------------------------------------
GCM Resources plc is a public Company listed on
the Alternative Investment Market of The London Stock Exchange (AIM)
- (trading symbol: "AIM:GCM).
Its main asset is the Phulbari Coal
Project
- Export quality metallurgical and thermal coal with a JORC compliant
resource of 572mm tonnes
- Estimated mine life of more than 30 years with production of
15 mm tonnes at full capacity
- Potential to install up to 1000 MW of coal fired power generating
capacity at the mine site
Permitting is considered the only limiting factor.
Strategic investments in Regent Pacific, Coal of Africa, Aura Energy,
and PeopleTel.
Current Status
GCM is primarily focused and committed to the development of the
Phulbari Coal Project in Bangladesh
- estimated 2 billion tonnes of untapped coal beneath the
ground in NW Bangladesh
- established JORC resource of 572 Mt of export quality thermal
and metallurgical coal
- coal embedded in 2 primary seams stretching 8 km from Barapukurtiacoal
mine
- basin covers 8 x 3 km with coal seams varying between 20-65
metres some 150-250 metres beneath surface
- total planned capital investment in the region of US$3 billion
- low cost producer
- expected to generate more than US$21 billion in economic benefits
to
Bangladesh over its 30 year life and add 1% annually to GDP
- potential to install 1000 MW of coal fired power generation
GCM also has a portfolio of investments in South Africa and China
coal businesses, and uranium interests in West Africa, Sweden and
Australia
- PeoplesTel
- Regent Pacific Group
- Coal of Africa Limited
- Aura Energy
Recent Developments
28 Apr 09
GCM appoints Stephen R. Dattels as Non-Executive Director
05 Jan 09
Announces Interim Results for 6 months ended 31 Dec 08
05 Jan 09
States they are unaware of reasons behind recent share price movement
10 Oct 08
Announces purchase of 74.8 mm Polo shares
12 Jun 08
Polo announces termination of discussions with GCM
21 May 08
Acquires 13% of Aura Energy
19 May 08
Polo Resources makes cash offer for GCM at 175 p per share
7 May 08
Receives three uranium exploration license areas in Mauritaniawith
its uranium partner Aura Energy
15 Feb 08
Announces additional £2mm investment in PeoplesTel
25 Jul 07
Acquires 5.95% of CCEC
8 Jun 07
Increases interest in Coal of Africa to 10.33%
16 May 07
Acquires 5% of CCEC
16 Apr 07
Forms strategic alliance with Aura Energy to acquire uraniumprojects
in Africa
22 Jan 07
Acquires 26.5% of PeoplesTel
Back
to Top
|