RE: From Tweeter11 Jan 2019 16:06
Last RNS says it all:
Further to the announcement on 27 November 2018, GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy company, is pleased to advise that the Company is currently in negotiations with Power Construction China Corporation of China Ltd ("PowerChina") to conclude a Joint Development Agreement to develop the Company's proposed coal mine as well as mine-mouth power plants generating up to 4,000MW. However, it is unlikely to be finalised by the initial target date of 31 December 2018. Both parties continue to work together in respect of the negotiations and a further announcement will be made upon completion.