GCM Resources Plc

GCM

GB00B00KV284

Coal

Market Closed - London S.E. Other stock markets 11:35:18 2024-05-03 am EDT			5-day change	1st Jan Change
6.5 ^GBX	-1.89%		-3.70%	+145.28%

Apr. 16	GCM Resources raises GBP2.0 million via direct subscription	AN
Apr. 16	GCM Resources Raises GBP2 Million to Advance Coal, Power Project in Bangladesh	MT

GCM Resources notes share move amid coal supply shortage in Bangladesh

June 09, 2023 at 07:04 am EDT

(Alliance News) - GCM Resources PLC on Friday noted the recent share price increase in the past 3 days amid reports of coal supply shortages and "significant" power load shedding in Bangladesh.

GCM shares fell 5.6% to 4.25 pence each in London on Friday around midday. They are up 44% over the past 5 days, however.

The resource exploration and development company is focused on the Phulbari coal and power project in north-west Bangladesh.

GCM said that in Bangladesh there is a "suggested move towards developing and extracting coal from its own domestic mines, rather than rely predominantly on imported coal."

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
GOLD	2,326 USD	+1.39%	-0.42%	-
S&P GSCI GOLD INDEX	1,358 PTS	+1.05%	-0.61%	-
SILVER	27.45 USD	+3.75%	+0.90%	-
GCM RESOURCES PLC	6.5 GBX	-1.89%	-3.70%	22.55M

Latest news about GCM Resources Plc

GCM Resources raises GBP2.0 million via direct subscription	Apr. 16	AN
GCM Resources Raises GBP2 Million to Advance Coal, Power Project in Bangladesh	Apr. 16	MT
EARNINGS: AdvancedAdvT hails "good progress" after Capita deal	Apr. 02	AN
GCM Resources Plc Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
PowerChina Inks 7.07 Billion Yuan Mine Construction Deal With UK's GCM Resources	Mar. 26	MT
GCM Resources Plc Appoints Paul Shackleton and Charlie Green to the Board as Independent Non-Executive Directors	Mar. 25	CI
GCM Resources, PowerChina Enter $1 Billion Construction Deal for Bangladesh Coal Mine	Mar. 11	MT
AIM WINNERS & LOSERS: LoopUp plots AIM exit; Zenova hails marine win	Mar. 11	AN
GCM Resources shares surge on Phulbari coal and power project deal	Mar. 11	AN
GCM Resources Plc Announces Phulbari Coal Mining Infrastructure Construction and Overburden Stripping Contract	Mar. 11	CI
GCM identifies target for new non-exec chair	Feb. 28	AN
GCM Resources chair to resign after largest shareholder request	Feb. 02	AN
GCM Resources Plc Announces Resignation of Christian Taylor-Wilkinson as Independent Non-Executive Chairman, Effective 28 February 2024	Feb. 02	CI
Live Co stalls results; GCM requests suspension lift	Feb. 01	AN
GCM Resources pretax loss narrows, expenses decline	Jan. 29	AN
Earnings Flash (GCM.L) GCM RESOURCES Posts FY23 Loss GBX-0.70	Jan. 29	MT
GCM Resources Plc Reports Earnings Results for the Full Year Ended June 30, 2023	Jan. 29	CI
GCM Resources raises GBP500,000 via direct subscription	Jan. 26	AN
GCM Resources Plans Fundraising for Working Capital	Jan. 26	MT
GCM Resources claims progress on funding and annual results	Jan. 19	AN
UK's GCM Resources Shares Set for Suspension Amid Delay in FY23 Audit; Stock Drops	Dec. 28	MT
GCM Resources shares to be suspended following audit delay	Dec. 28	AN
Gcm Resources plc Provides Update on the Drawdown Request on Existing Polo Resources Ltd Loan Facility	Dec. 28	CI
GCM Resources Plc Provides Financial Update	Dec. 20	CI
Tintra seeks cancelling shares; GCM extends accord	Nov. 28	AN

GCM Resources plc is a United Kingdom-based mining and energy company. The Company is engaged in the development of the Phulbari Coal and Power Project (the Project) in north-west Bangladesh. The Phulbari Coal and Power Project is located in the Dinajpur District of Northwest Bangladesh, approximately 350 kilometers from the capital, Dhaka, and 10 kilometers from the Indian border. The region is some 30 meters above sea level, relatively flat and comprised of an alluvial plain with slightly raised terraces formed in pre-historic times by the drainage of the sub-Himalayan River systems (the Ganges/Padma and Jamuna rivers). The Phulbari Coal and Power Projectâs mine footprint covers an area of 5,193 hectares. Some 80% of the area is open fields under agriculture. The Companyâs subsidiaries include South African Coal Limited, Asia Energy Corporation Pty Limited, Asia Energy Corporation (Bangladesh) Pty Limited and Asia Energy (Bangladesh) Pvt Ltd.

Sector

Coal

Calendar

2025-03-26 - Q2 2025 Earnings Release (Projected)

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Sector Other Coal

	1st Jan change	Capi.
GCM RESOURCES PLC	+145.28%	22.55M
CHINA SHENHUA ENERGY COMPANY LIMITED	+25.42%	105B
PT BAYAN RESOURCES TBK.	-4.40%	39.65B
COAL INDIA LIMITED	+22.50%	35.07B
SHAANXI COAL INDUSTRY COMPANY LIMITED	+14.36%	32.86B
YANKUANG ENERGY GROUP COMPANY LIMITED	+19.27%	20.58B
CHINA COAL ENERGY COMPANY LIMITED	+12.96%	18.99B
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO., LTD.	-1.69%	8.74B
SHANXI COKING COAL ENERGY GROUP CO., LTD.	+7.19%	8.24B
HUAIBEI MINING HOLDINGS CO.,LTD.	+15.45%	7.16B

Other Coal

GCM Resources Plc

Equities

GCM

GB00B00KV284

Coal

GCM Resources notes share move amid coal supply shortage in Bangladesh

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Income Statement Evolution

Sector Other Coal