GCM Resources Regulatory News (GCM)

11 Feb 2005 15:33

Asia Energy PLC11 February 2005 Asia Energy plc PHULBARI COAL PROJECT - UPDATE Asia Energy Plc ("the Company") announced today that its operating subsidiaryAsia Energy Corporation (Bangladesh) Pty Ltd had formerly lodged an applicationwith the Government of Bangladesh for an 'Environmental Site Clearance' for itsPhulbari Coal Project in north-west Bangladesh. The Company said an 'Initial Environmental Evaluation' document, prepared by itsenvironmental consultants, SMEC International Pty Ltd, has been submitted to theappropriate authorities. The document was the culmination of more than sixmonths' intensive field work. "Asia Energy has now fulfilled an important environmental milestone in thePhulbari Coal Project feasibility study," said Mr David Lenigas, Asia Energy'sJoint Managing Director. "The Company next aims to submit its fullEnvironmental Impact Assessment report by the middle of the year, and to providethe Government of Bangladesh with a Mining Scheme for its approval later thisyear." 11 February 2005 ENQUIRIES: Michael Frayne, Joint Managing Director Justine Howarth, Cathy Malins michael.frayne@asia-energy.com Parkgreen Communications David Lenigas, Joint Managing Director Tel: +44 (0) 20 7493 3713 david.lenigas@asia-energy.com Justine.howarth@parkgreenmedia.com Asia Energy PLC cathy.malins@parkgreenmedia.com Tel: +44 (0) 20 7079 1798, Fax: +44 (0) 20 7491 2758 info@asia-energy.com; www.asia-energy.com This information is provided by RNS The company news service from the London Stock Exchange