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GCM soars on coal deal

UK-listed GCM Resources’ deal with a Chinese engineering company, to look at developing coal-fired power plants at its project in Bangladesh, sent its stocks soaring a staggering 170.2% to top this week’s list of London and Johannesburg-listed market risers.

GCM soars on coal deal GCM soars on coal deal GCM soars on coal deal GCM soars on coal deal GCM soars on coal deal

Gains by Anglesey Mining (its Parys Mountain project pictured) were eclipsed by GCM Resources’ 170.20% rise

GCM Resources signed a memorandum of understanding with China Gezhouba Group International Engineering Co Ltd on Friday, to investigate a joint venture to develop mine-mouth coal-fired power plants