At the recent annual general meeting of Asia Energy, the special resolution for a name change to Global Coal Management was duly passed. The primary activity of this London-based, AIM quoted company is the development of the coal basin at Phulbari in northwest Bangladesh into a world class open pit coal mine. Its objective is to start mining activity upon Government of Bangladesh approval following the Government election in January 2007, adhering to the highest national and international environmental and social standards. At full production, the mine will produce 15 Mt/y of mostly export quality metallurgical and thermal coal.