English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 27 February 2017, 10:50 HKT/SGT
Share:
    

Source: BlackGold Natural Resources Ltd
BlackGold Natural Resources Receives US$12.6 Million Purchase Order for the Supply of Coal to an Indonesian State-Owned Cement Company
- Coal supply to Indonesia's largest cement distributor
- Purchase order with approximate value of US$12.6 million

SINGAPORE, Feb 27, 2017 - (ACN Newswire) - BlackGold Natural Resources Limited ("BlackGold" or the "Company", and together with its subsidiaries, the "Group") is pleased to announce that, through its subsidiary, PT Samantaka Batubara ("PT SB"), the Group has received a purchase order (the "PO") from an Indonesian state-owned cement company, PT Semen Padang ("Cement Padang").

The PO has an approximate value of US$12.6 million and, barring unforeseen circumstances, the Group expects to complete the PO within the next 11 months.

Founded in 1910, Cement Padang is a state-owned company and a subsidiary of PT Semen Indonesia (Persero) Tbk, a cement manufacturing company listed on the Indonesia Stock Exchange and the largest cement distributor in Indonesia.

Mr Philip Rickard, Chief Executive Officer of the Group, commented: "We are very pleased to receive this purchase order from Cement Padang. This order represents another critical milestone for BlackGold, as the Group adds another esteemed state-owned company to its current portfolio of customers."

About BlackGold (Bloomberg Ticker: BHR:SP)

The Group is an Indonesia-focused coal mining company targeting Indonesia's rapidly-growing power plant industry. Through its local subsidiaries, the Group has the rights to three coal concessions in Riau, Indonesia. Currently, through its subsidiary PT Samantaka Batubara, the Group has total JORC Code compliant coal resources of over 200 million tonnes. For more information, please visit www.blackgold-group.com.

This press release has been prepared by BlackGold Natural Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this press release.

This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made, or reports contained in this press release.

The contact person for the Sponsor is Mr. Sebastian Jones, Director, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone: +65 6532 3829.

SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.

Topic: Press release summary
Sectors: Metals/Mining, Daily Finance
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

BlackGold Natural Resources Ltd Releated News
Dec 1, 2017 10:00 HKT/SGT
BlackGold Signs Non-Binding MOU with Established Financial Institution in relation to a S$20 Million Convertible Bond Facility
Nov 20, 2017 13:00 HKT/SGT
BlackGold Celebrates Completion of its New Jetty in Riau Province
Sept 18, 2017 11:00 HKT/SGT
BlackGold: New Partner Joins Consortium for Development of Riau-1 Project
Sept 8, 2017 11:00 HKT/SGT
BlackGold Signs Addendum to Coal Sales Contract with PLN
Aug 21, 2017 18:30 HKT/SGT
Johanes Kotjo Increases Stakes in BlackGold
Aug 10, 2017 17:00 HKT/SGT
Threefold Increase Reported in Coal Reserves at BlackGold's PT Samantaka Batubara Concession
June 23, 2017 10:30 HKT/SGT
BlackGold Natural Resources to Raise Further S$8.2 Million through Share Placement
June 12, 2017 17:00 HKT/SGT
BlackGold and China Huadian Take Next Step towards the Joint Development of a 2 X 300 MW Power Plant in Riau
Mar 29, 2017 11:30 HKT/SGT
BlackGold Natural Resources Ltd Completes Its First Coal Delivery to Cement Padang
Mar 10, 2017 14:00 HKT/SGT
BlackGold Natural Resources to Raise S$3.56 Million via Share Placement
More news >>
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: