GCM Resources raises £2.13m for Phulbari development
3rd Mar 2022 14:42
(Sharecast News) - Mining and energy company GCM Resources raised £2.13m on Thursday, to be spent on developing its Phulbari coal and power project in Bangladesh.
Read moreGCM Resources signs framework agreement with NFC
15th Oct 2020 10:15
(Sharecast News) - Mining and energy company GCM Resources announced on Thursday that its has signed a framework agreement with China Nonferrous Metal Industry's Foreign Engineering and Construction Co (NFC), valid for 12 months.
Read moreGCM Resources extends Polo facility by ?1.2m
3rd Feb 2020 14:09
(Sharecast News) - Mining and energy company GCM Resources has agreed a £1.2m increase to its existing loan facility of £2.3m with Polo Resources, it announced on Monday.
Read moreGCM Resources lands second JV with PowerChina
15th Mar 2019 11:35
(Sharecast News) - GCM Resources agreed a second joint venture agreement with Power Construction Corporation of China (PowerChina) for the development of an additional coal-fired power plant at the site of the company's proposed coal mine in North-West Bangladesh.
Read moreGCM enlists consultancy to find Chinese partners for Bangladesh project
26th Oct 2018 12:43
(Sharecast News) - Coal miner GCM Resources on Friday entered into a new consulting agreement with Dyani Corporation Limited to aid relations with Chinese companies.
Read moreGCM Resources widens losses in another year of nil revenue
17th Nov 2016 14:43
(ShareCast News) - Resource exploration and development company GCM Resources reported its preliminary results for the year to 30 June on Thursday, with exploration and evaluation costs almost halving from last year, to £0.04m from £0.08m. The AIM-traded firm's share-based payments were up significa
Read moreGCM Resources and China Gezhouba Engineering to work closer
11th Nov 2016 14:16
(ShareCast News) - Resource exploration and development company GCM Resources announced on Friday that a memorandum of understanding has been agreed with China Gezhouba Group International Engineering Company. The AIM-traded firm said the MoU provides for the parties to engage and mutually investiga
Read moreGCM Resources puts press speculation to bed
27th Sep 2016 15:22
(ShareCast News) - London-based resource exploration and development company GCM Resources updated the market on Tuesday, after its press speculation announcement on 23 September. The AIM-traded firm said its investigation found that press speculation in the Bangladesh media of an alleged decision b
Read moreGCM says has had no notification from Bangladeshi govt over Phulbari mine
23rd Sep 2016 12:29
(ShareCast News) - GCM Resources said on Friday that it has not received any notification from the government of Bangladesh of any change to its contract for the Phulbari coal project following speculation in the press that the government has decided not to go ahead with open pit mining at the Barap
Read moreGCM Resources says unaware of reason for share price spike
12th Apr 2016 15:31
(ShareCast News) - GCM Resources said it was not aware of any reason for the recent spike in its share price. In a statement, the company said it remained "wholly focused on pursuing the necessary approval from the government of Bangladesh for the Phulbari coal project to proceed with the next stage
Read moreGCM Resources narrows half-year losses
24th Jan 2014 15:05
GCM Resources narrowed its half-year losses as the miner cut administrative costs by more than a half. The company reported a loss after tax of £518,000 for the six months through December, compared to a loss of £2,1m a year earlier. Administrative expenses dropped to £343,000 from £564,000. The
Read moreGCM Resources disposes of stake in Polo Resources
1st Feb 2013 09:31
London-based mining company GCM Resources announced Friday it sold its investment in Polo Resources. The group's 74.8m shares in Polo, representing a 2.7% stake, were sold as one block to an undisclosed Malaysian investor for £1.9m. GCM made a total return, including dividends, of £2.8m on its or
Read moreGCM Resources Director steps down
30th Jan 2013 12:45
GCM Resources announced Wednesday the resignation of Director Graham Taggart. Taggart will continue to provide consulting services to the mining company as he steps down effective immediately. Executive Director Gary Lye and Non-Executive Chairman Gerard Holden will work together to cover the rol
Read moreGCM back in profit
7th Sep 2011 13:58
Mining firm GCM Resources swung back into profit in the year to the end of June despite its principal asset in Bangladesh remaining undeveloped. The firm posted a pre tax profit of £2,25m, compared to a loss of £4.2m in the 2010. Diluted earnings per share came in at 4.2p. GCM said it had disposed
Read morePolo boost from potential Caledon offer
8th Nov 2010 18:44
AIM-quoted Polo Resources will be a winner from a bid for coal miner Caledon Resources. The intended offer for AIM-quoted and ASX-listed Caledon from Guangdong Rising Asset Management (GRAM), which is worth 112p cash per share and values the company overall at £252m, still has to get over a number
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