A controversial energy company, forced to wind down most of its operations and exposure in Bangladesh following a popular opposition from the local population, is now claiming Phulbari's coal deposits as their resources. On October 15, the company, GCM Resources PLC, announced that it signed a framework agreement with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd (otherwise known as NFC) and Power Construction Corporation of China, Ltd (PowerChina) in relation to its world-class 572 million tonnes (JORC 2004 compliant) of high-grade coal resources at the Phulbari Coal and Power Project in northwest Bangladesh. GCM in the past used to say it had "identified a high-quality coal resource of 572 million tonnes at the Phulbari Coal and Power Project in Bangladesh". The JORC Code provides minimum standards for public reporting to ensure that investors have all the information they would reasonably require for forming a reliable opinion on t...