Executive Summary

Global Coal Management (LON:GCM) is a UK-based coal mining company that has interests in Bangladesh where explorotary drilling has identified over 570 mt of coal. The compnay's main interest is in the Phulbari Coal Project in Bangladesh, where exploration has taken place, and it is now waiting for the approval of the Bangladesh government to progress with development activities. Global Coal Management has interests in a number of other companies, including Coal of Africa Ltd (LON:CZA), Polo Resources Ltd (LON:POL) and Aura Energy (LON:AEE). In 2009, the company earned revenue of £188,000 and it made a loss before tax of £7.3m.

Company History

 

Current Events

Bangla govt is due to announce the coal policy imminently which is expected to include an open-pit Phulbari mine. (June 09)

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