 On 11 January 2007 Asia Energy changed its name to Global Coal Management plc while maintaining that it was "fully committed to the Phulbari Coal Project in Bangladesh".The AIM-listed company has subsequently changed its name to GCM Resources plc, and has invested in coal and uranium projects in other countries.The open-pit mining method proposed for Phulbari requires the mine area to be completely dewatered so that the hollow of the mine does not get immersed in water.