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GCM powers to top

Coal and power hopeful GCM Resources (LN:GCM) rose 32.5% to top this week’s list of London and Johannesburg-listed market risers in the afterglow of World Bank funding to improve Bangladesh’s power system.

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Power plans boost GCM

GCM is repositioning its planned Phulbari coal and power project in Bangladesh to be “in line with the objectives of the Bangladesh government”, according to the company’s half-yearly report.

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