News & Media

BLACKGOLD CONSORTIUM AWARDED LETTER OF INTENT FROM PLN FOR PPA ON THE RIAU-1 PROJECT

Singapore, 24 January 2018 BlackGold Natural Resources Limited (“BlackGold” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that the Consortium (comprising BlackGold, PT Pembangkitan Jawa-Bali, PT PLN Batubara and China Huadian Engineering Co., Ltd.), has received a Letter of Intent from PT Perusahaan Listrik Negara (“PLN”) for the award of a Power Purchase Agreement relating to the Riau-1 Project.

 

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BLACKGOLD SIGNS NON-BINDING MOU WITH AN ESTABLISHED FINANCIAL INSTITUTION IN RELATION TO A S$20 MILLION CONVERTIBLE BOND FACILITY

Singapore, 30 November 2017 – The Board of Directors (the “Board” or “Directors”) of BlackGold Natural Resources Limited (the “Company” and, together with its subsidiaries, the “Group” or “BlackGold”) wishes to announce that on 30 November 2017, the Company entered into a non-binding memorandum of understanding (the “MOU”) with an undisclosed lender (the “Lender”; collectively, the “Parties”), which is an international financial institution with established presence in Hong Kong and a rapidly expanding network across the globe, pursuant to which the Company intends to raise up to S$20 million by way of the issuance of convertible bonds (the “Convertible Bonds”). 

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NEW PARTNER JOINS CONSORTIUM FOR DEVELOPMENT OF THE RIAU-1 PROJECT

Singapore, 18 September 2017 – BlackGold Natural Resources Limited (the “Company”, and together with its subsidiaries, the “Group” or “BlackGold”) is pleased to announce that, on 15 September 2017, it entered into a Heads of Agreement (the “HOA”) with various parties to form a new consortium (the “Consortium”) in relation to an ongoing cooperation project for the development, construction, operation and maintenance of a 2 x 300 MW coal-fired power plant in Riau province, Sumatra, Indonesia (the “Riau-1 Project”).

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BLACKGOLD SIGNS ADDENDUM TO COAL SALES CONTRACT WITH PLN

Singapore, 7 September 2017 – BlackGold Natural Resources Limited (the “Company”, and together with its subsidiaries, the “Group” or “BlackGold”) is pleased to announce that the Group , through its subsidiary, PT Samantaka Batubara (“PT SB”), has signed an addendum (the “Amendment”) to the coal sales and purchase contract (the “Coal Sales Contract”) on 6 September 2017 with the Indonesian state-owned electricity company, PT Perusahaan Listrik Negara (“PLN”).

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