UK-listed GCM Resources up on Bangladesh coal mine development deal extension
12/12/2022 12:11
** Shares of Bangladesh-focused miner GCM Resources GCM.L
rise as much as 12.2% to 5.44p
** Company says an MoU signed with Power Construction Corp
of China 601669.SS for Phulbari coal mine development in
north-west Bangladesh has been extended by a year to Dec. 6,
2023
** Including session gains, GCM stock up ~1% YTD
(Reporting by Anil D'Silva)
((anil.dsilva@thomsonreuter.com;))