GCM Resources Plc
GCLMF
Other OTC0.04
USD
-NaN
- -
ISIN
GB00B00KV284
Return %
Stock
S&P500
1Y
- -
26.53
3Y
166.67
76.60
5Y
-63.64
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Vee Mun Tang
- Full Time Employees
- 15
- Sector
- Energy
- Industry
- Coal
- Address
- 3 Bunhill Row London United Kingdom EC1Y 8YZ
- IPO Date
- Mar 30, 2007
- Website
- gcmplc.com
- Similar Companies
- Business
- GCM Resources Plc is a resource exploration and development company focused primarily on the exploitation and development of the Phulbari Coal and Power Project in the Dinajpur district of Bangladesh. The company’s core products and services include the exploration, mining, and development of coal resources, specifically open-cast coal mining with a JORC 2004-compliant coal resource of approximately 572 million tonnes. The Phulbari project encompasses over 5,000 hectares and involves both coal extraction and power infrastructure development. GCM also holds subsidiaries engaged in coal mining and energy sectors in Asia and Africa, including South African Coal Limited and Asia Energy Corporation entities based in Bangladesh and Australia. Founded in 2003 and headquartered in London, the company operates mainly in Bangladesh with strategic development projects tied to the Phulbari coal region. Its business targets energy security and industrial growth markets, aiming to supply semi-soft coking coal and thermal coal for industry and power generation. Recent major changes include a continued strategic partnership and contract with PowerChina for mine construction and overburden stripping, an important engineering, procurement, and construction (EPC) agreement signed in 2024 demonstrating project delivery capability. The company has also secured ongoing government and stakeholder engagement amidst political challenges in Bangladesh. Capital raising activities include successful equity fundraisings totaling over £3 million in 2024 to support project development and operations. A consulting agreement renewal with DG Infratech was signed to support government approvals for the Phulbari project. GCM Resources has focused on securing financing, extending memoranda of understanding (MOUs), and progressing toward development readiness while navigating local regulatory and political landscapes. The company is listed on the London Stock Exchange Alternative Investment Market (AIM) under ticker GCLMF and continues to maintain active development operations centered on its coal mining and power project ambitions within Bangladesh, positioning itself as a key player in the country’s energy infrastructure expansion.
GCM Resources raises £1.25m of working capital, shares dip