GCM Resources plc (GCM) is a United Kingdom-based holding company. The Company, through its subsidiaries, is engaged in the development of the Phulbari Coal Project in Bangladesh. As at September 2, 2011, the Company had substantial interests or holdings of 3% or more of the voting rights in Polo Resources Limited, Luxor Capital Group and Aurora Investment Trust. The Company operates in one segment being the exploration and evaluation of energy related projects. The Phulbari Coal Project is located in north-west Bangladesh. The resource is made up of 60% thermal coal, with low ash metallurgical coal, also known as semi-soft coking coal, making up 20%. The Company�s subsidiaries include Asia Energy Corporation (Bangladesh) Pty Limited, South African Coal Limited and GCM Africa uranium Limited. In February 2013, it sold 2.7% interest in Polo Resources Limited.