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GCM Resources, PowerChina Extend MoU for Development of Bangladeshi Coal Mine

MT Newswires·12/29/2025 11:47:09
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11:47 AM EST, 12/29/2025 (MT Newswires) -- Mining and energy company GCM Resources (GCM.L) and Power Construction Corp of China, or PowerChina, agreed to further extend talks for the development of the Phulbari coal mine in Bangladesh. The memorandum of understanding was extended by a further 24 months to Dec. 6, 2027, from Dec. 6, 2025, according to a Monday release. Both companies will work to determine PowerChina's potential role in additional work packages and financing as the mine development partner, subject to its internal compliance and approvals from relevant regulatory agencies.