Our Business

GCM Resources plc is engaged in developing a world class coal mine and power plant project in Bangladesh through its subsidiaries. The mine life is expected to be more than 30 years, with production of 15 million tonnes at full capacity of mostly export quality metallurgical and thermal coal. The Project will add to Bangladesh’s energy security by reliably delivering coal to the domestic market. The company has the potential to install up to 1000 MW of coal fired power generating capacity at the mine site.

In December 2006, the Company invested in GVM Metals Limited, whose primary focus is to bring various South African coal properties to production. This investment provides GCM Resources plc with a meaningful stake in the South African coal sector and the opportunity to assist development of a number of underground and open-cut coal mines.

GCM Resources plc also made a strategic investment in the Bangladesh telecommunications market. It has identified Peoples Telecom and Information Services Ltd (PeoplesTel) as an exciting investment opportunity which also brings significant benefits to the development of the Phulbari Coal Project by ensuring that modern and extensive telecommunication networks and infrastructure are in place across all areas (mine site, transport corridor, port operations etc.) of the Project.