BlackGold Group (“BlackGold” or the “Group”) is an Indonesia-focused coal mining company targeting Indonesia’s rapidly-growing power plant industry, with a specific focus on supplying coal to power plants located in Riau province, Sumatra, Indonesia.
The Group, through its subsidiaries in Indonesia, holds the rights to three coal concessions in Riau, a region rich in natural resources.
The Group's PT SB concession is currently in production and has explored a total area of 10,000 hectares. This comprises of only 22% of its asset portfolio totalling 45,550 hectares. The remaining 78% of unexplored land area presents strong upside to the Group’s resource potential.
Utilising the “Pit-to-Port” development strategy comprising of coal mining, coal transportation network, coal loading port and coal-fired power plant, the Group is able to tap into the regional coal demand via the strong support given by the Government of Indonesia for development of the country's electrical power capacity.
The Group is listed on the Catalist board of the Singapore Exchange Securities Trading under the stock code 41H.