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, 24 February 2017 – 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.”