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GCM Resources

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Bangladesh stating that the Bangladesh Government is cancelling all existing agreements with Asia Energy. The Company had not received any communication from the Government to this effect. In view of this, the shares of Asia Energy were suspended from trading on the AIM Market at 08:40 hrs (BST) this morning." The company resumed trading on the London AIM on 6 October 2006, saying "The Company has received no notification from the Government of Bangladesh of any changes to the terms of the Company's contract and the Directors do not believe that there are any grounds for the contract to be terminated." After its first full day back, the shares stood at 95p, compared to 665p on 11 October 2005.
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among the farmers, but in Bangladesh, the problem of arsenic contamination is severe. According to GCM, topsoil will be removed and preserved once the mining operation begins in a particular block. Topsoil will be brought back and spread on the top of the area filled in. There are questions regarding when the land would become cultivable again.
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entirely the fault of the organisers (of the protest)". Asia Energy had its right to mine in Bangladesh withdrawn. Asia Energy said that fewer people would be displaced and they would be compensated. Spokesmen noted the benefits of the $ 1.1bn (£700m) project. The government closed the mine at the time because of the violent protests.
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On 30 August 2006 six protesters were shot dead, allegedly by paramilitary forces, and 300 were injured when a crowd of 30,000 people stormed the local offices of Asia Energy. Further unrest occurred the days after the shootings, when widespread half-day strikes were organised across the country, and
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GCM and the United States have tried to encourage the government of Bangladesh to take up the Phulbari Coal Project again. At the same time, activists have continued to organise against the mine. In October 2010, protesters conducted a week-long march from Phulbari to Dhaka in Bangladesh against the
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The open-pit mining method proposed for Phulbari requires the mine area to be completely dewatered so that the hollow of the mine does not get immersed in water. Large pumps are required to suck out underground water around the mine constantly. GCM's solution is to distribute the water pumped out
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Gary Lye, chief executive of Asia Energy Corporation (Bangladesh) Pty Ltd, was quoted as saying, "It is up to the authorities to determine exactly what happened, but it would appear that the unforgivable events and the needless loss of life and suffering that took place yesterday in Phulbari are
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On news of the withdrawal of mining rights, shares in Asia Energy crashed, falling from 284p to 117.5p in a single day. The company requested trading be suspended, on 31 August 2006, saying "Asia Energy plc ("the Company") became aware this morning of press reports quoting a junior minister in
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Asia Energy Corporation Pty Ltd entered the coal mining scenario in 1998 by buying the mining contract originally awarded to the international coal giant, BHP, on 20 August 1994. BHP Billiton Mitsubishi Alliance (BMA) is Australia's largest coal producer and a leader in the international coal
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group. Protesters have said such a mine would endanger an important food-producing region, as well as the quality of the water supply depended on by tens of thousands of people. There were major protests in Bangladesh in 2006, with an estimated total of 70,000 people involved over weeks.
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It is believed in 2024, GCM RESOURCES is currently being discussed at the highest possible levels within Bangladeshi government. And may be a significant discussion with Hasina's visit to China this month. With Power China's involvement with the whole project.
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in Bangladesh and an alliance of groups in London have protested the plans for open-pit mining in the Phulbari region, because of adverse environmental and social effects. They estimate 120,000 people may be displaced, including the local Shantal
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GCM Resources plc (formerly Asia Energy plc) was incorporated in London in September 2003 and acquired 100% of Asia Energy Corporation Pty Ltd, which held the licences to explore and mine the Phulbari Coal Project in the
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showed that American diplomats pressured the Bangladeshi government to reopen the Phulbari Coal Project with GCM. As of late 2010, there was still potential to proceed with the project.
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On 11 January 2007 Asia Energy changed its name to Global Coal Management plc while maintaining that it was "fully committed to the Phulbari Coal Project in Bangladesh".
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Asia Energy must pay Deepgreen Minerals Corporation $ 1 per tonne of ore sold. Deepgreen ceased to be listed when it merged with Cambrian Mining in 2004.
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The AIM-listed company has subsequently changed its name to GCM Resources plc, and has invested in coal and uranium projects in other countries.
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industry. BHP claims it sold its rights for strip mining at Phulbari because the coal is deeper than 130 meters (it is at 151 meters depth).
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project. In December 2010, an alliance of groups protested in London outside at a meeting of GCR company officials and stockholders.
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Companies with headquarters and/or registered office in the UK but no applicable energy operations within the country shown in
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Ultimate parent company is not UK-based Integrated in the United States, no generation or supply activities in the UK
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another 20 people were injured. The Bangladesh government banned further protests at the mine site.
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Randeep Ramesh, "Six killed in protests over UK mining firm in Bangladesh"
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Decarbonisation measures in proposed UK electricity market reform
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Philip Gain, "Phulbari, Asia Energy and Grassroots Revolt"
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Companies listed on the Alternative Investment Market
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Non-renewable resource companies established in 2003
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Its major asset and goal is to exploit 107:is a mining company quoted in the London 401:"Govt agrees to say 'no' to Asia Energy" 364:, 29 August 2006, accessed 25 March 2013 312:"Deepgreen Minerals Corporation Limited" 247:, 28 August 2006, accessed 25 March 2013 2004:United Kingdom Climate Change Programme 424: 422: 226: 1580:United Kingdom Atomic Energy Authority 2328:British companies established in 2003 1904:Office of Gas and Electricity Markets 1475:Isle of Man to England Interconnector 7: 2318:Energy companies established in 2003 2231:Energy efficiency in British housing 2206:British Energy Efficiency Federation 2121:Utilities Intermediaries Association 2091:Association for Decentralised Energy 1502:New Electricity Trading Arrangements 1420:Association of Electricity Producers 1219:Scottish Hydro Electric Transmission 72:Leslie chow Chief Executive (London) 1725:Renewable Transport Fuel Obligation 1375:Confederation of UK Coal Producers 1296:United Downs Deep Geothermal Power 25: 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United Kingdom 2258:National Home Energy Rating 2101:Energy Networks Association 1811:List of offshore wind farms 1550:National Nuclear Laboratory 1535:Advanced Gas-cooled Reactor 1460:Grid Trade Master Agreement 332:"Massive protest in London" 2359: 2216:Code for Sustainable Homes 1984:Non-Fossil Fuel Obligation 1959:Display Energy Certificate 1816:List of onshore wind farms 1183:Wales & West Utilities 1142:Western Power Distribution 971:Engie Energy International 173:leaked US diplomatic cable 2303:Coal companies of England 2270: 2196: 2183: 2167:UK Energy Research Centre 2106:Energy Retail Association 2031: 2020: 1857: 1852:Government and regulation 1846: 1743:Geothermal power stations 1450:Energy switching services 1360:Coal-fired power stations 1341: 1330: 1309: 585: 572: 239:27 September 2007 at the 2248:Greenhouse gas emissions 2147:Met Office Hadley Centre 1994:Renewable Heat Incentive 1934:Climate Change Agreement 1879:Climate Change Committee 1668:Oil-fired power stations 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Mine" 477:Bangladesh portal 381:on 29 August 2006 89:GCM Resources plc 86: 85: 30:GCM Resources plc 16:(Redirected from 2350: 2278: 2277: 2185: 2096:Energy Institute 2033: 2022: 1974:Fossil Fuel Levy 1859: 1848: 1753:Hydroelectricity 1698: 1343: 1332: 1311: 1276:Aquamarine Power 1202: 1105: 954: 904: 721:Desire Petroleum 704:Capricorn Energy 658: 587: 574: 559: 552: 545: 536: 493: 488: 487: 479: 474: 473: 472: 456: 452: 446: 442: 436: 426: 417: 416: 414: 412: 403:. 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1064: 1062: 1059: 1057: 1054: 1052: 1049: 1047: 1044: 1042: 1039: 1037: 1036:Firmus Energy 1034: 1032: 1029: 1027: 1024: 1022: 1019: 1017: 1014: 1012: 1009: 1008: 1006: 1004: 1000: 994: 993: 989: 987: 986:Vattenfall UK 984: 982: 979: 977: 974: 972: 969: 967: 964: 963: 961: 959: 955: 952: 946: 940: 937: 935: 934:ScottishPower 932: 930: 927: 925: 922: 920: 917: 915: 912: 911: 909: 905: 902: 900: 896: 886: 883: 881: 878: 876: 873: 871: 868: 866: 863: 861: 858: 856: 853: 851: 848: 846: 843: 842: 840: 836: 830: 827: 825: 822: 821: 819: 815: 809: 806: 804: 801: 799: 798: 794: 792: 791: 787: 785: 784: 783:Pharos Energy 780: 778: 775: 773: 772: 768: 766: 765: 761: 759: 758: 754: 752: 751: 747: 745: 742: 740: 737: 735: 732: 730: 729: 725: 723: 722: 718: 716: 713: 711: 708: 706: 705: 701: 699: 696: 694: 693: 689: 688: 686: 680: 674: 671: 669: 666: 665: 663: 659: 656: 654: 648: 642: 639: 637: 636: 632: 630: 629: 625: 623: 622: 621:GCM Resources 618: 616: 615: 611: 609: 608: 604: 602: 601: 597: 596: 594: 592: 588: 584: 580: 575: 571: 567: 560: 555: 553: 548: 546: 541: 540: 537: 531: 528: 526: 523: 520: 517: 514: 511: 509: 506: 503: 500: 497: 496: 492: 491:Energy portal 486: 481: 478: 467: 462: 455: 451: 448: 445: 441: 438: 434: 430: 425: 423: 419: 406: 402: 396: 393: 380: 376: 370: 367: 363: 359: 354: 352: 348: 344: 340: 336: 333: 328: 326: 322: 317: 313: 307: 304: 301:, Asia Energy 300: 296: 293: 277: 270: 264: 261: 257: 253: 250: 246: 242: 238: 235: 230: 227: 220: 218: 214: 207: 205: 198: 196: 194: 187: 185: 178: 176: 174: 169: 165: 158: 156: 153: 148: 144: 141: 137: 135: 126: 124: 122: 118: 114: 110: 106: 102: 98: 94: 90: 82: 79: 75: 71: 65: 61: 57: 53: 49: 45: 41: 37: 33: 27: 19: 2280: 2045:Ashden Award 1869:Carbon Trust 1603:Dash for Gas 1598:BBL Pipeline 1313: 1286:Hi-Gen Power 1197:Transmission 1100:Distribution 1071:Shell Energy 1021:Co-op Energy 990: 795: 788: 781: 771:Ophir Energy 769: 762: 755: 748: 739:Essar Energy 726: 719: 702: 690: 633: 626: 620: 619: 612: 605: 598: 450: 440: 433:The Guardian 432: 409:. Retrieved 405:the original 395: 383:. Retrieved 379:the original 369: 362:The Guardian 361: 343:BanglaNews24 342: 315: 306: 283:. Retrieved 276:the original 263: 252: 244: 229: 215: 211: 202: 191: 182: 170: 166: 162: 145: 142: 138: 130: 104: 100: 99:), formerly 88: 87: 59:Headquarters 35:Company type 26: 2116:RenewableUK 2050:Bioregional 1916:initiatives 1786:Solar power 1590:Oil and gas 1412:Electricity 1206:Electricity 1109:Electricity 1051:Opus Energy 1041:Good Energy 885:WesternGeco 845:Abbot Group 803:Star Energy 682:Exploration 507:, Meghbarta 208:Discussions 188:Name change 101:Asia Energy 46:Coal mining 18:Asia Energy 2297:Categories 1798:Wind power 1776:Wave farms 1735:Geothermal 1693:Renewables 1663:Oil fields 1575:Sellafield 1440:Economy 10 1365:Coal mines 1291:Mark Group 1158:Cadent Gas 1061:OVO Energy 1026:Ecotricity 966:Drax Group 958:Generation 950:and supply 948:Generation 924:EDF Energy 907:Integrated 880:Weir Group 808:Tullow Oil 661:Integrated 258:, BMA Coal 221:References 152:indigenous 119:region of 68:Key people 1435:Economy 7 1271:APX Group 1031:ESB Group 899:Utilities 824:Greenergy 635:Rio Tinto 579:Companies 411:14 August 385:31 August 285:14 August 147:Opponents 113:open cast 2281:Category 2226:EcoHomes 2130:Research 1702:Biofuels 1011:100Green 981:Renantis 914:Centrica 870:Petrofac 710:Centrica 651:Oil and 628:Glencore 335:Archived 295:Archived 237:Archived 117:Phulbari 43:Industry 1527:Nuclear 1490:Control 1425:BritNed 1385:History 1314:italics 1301:Wavegen 1281:EnServe 1266:Aggreko 919:E.ON UK 860:Hunting 838:Support 777:Perenco 734:EnQuest 641:UK Coal 171:A 2009 77:Website 51:Founded 1791:  1545:Magnox 1003:Supply 929:Npower 817:Supply 2152:Narec 1874:Cenex 1715:NNFCC 1259:Other 875:Qserv 855:Expro 692:Afren 673:Shell 279:(PDF) 272:(PDF) 54:1998? 1347:Coal 614:ENRC 591:Coal 413:2007 387:2006 287:2007 103:and 2253:HTB 1234:Gas 1178:SGN 1151:Gas 939:SSE 698:BHP 653:gas 607:BHP 97:GCM 93:AIM 2299:: 668:BP 431:, 421:^ 360:, 350:^ 341:, 324:^ 314:. 243:, 136:. 123:. 95:: 558:e 551:t 544:v 415:. 389:. 318:. 289:. 91:( 20:)

Index

Asia Energy
www.gcmplc.com
AIM
GCM
Alternative Investment Market
open cast
Phulbari
Dinajpur District, Bangladesh
Dinajpur district of Bangladesh
Opponents
indigenous
leaked US diplomatic cable

"Agreement with Asia Energy – Option open for govt to make pro-people deal"
Archived
Wayback Machine

"Admission to Trading on the Alternative Investment Market"
the original
"Asia Energy Prospectus"
Archived
Wayback Machine
"Deepgreen Minerals Corporation Limited"


"Massive protest in London"
Archived
Wayback Machine

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