BLACKGOLD NATURAL RESOURCES LIMITED SECURES A MAJOR COAL SALES CONTRACT WITH INDONESIA’S PT PERUSAHAAN LISTRIK NEGARA
Singapore, 1 December 2016 – 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 signed a coal sales and purchase contract (“Coal Sales Contract”) on 1 December 2016 with the Indonesian state-owned electricity company, PT Perusahaan Listrik Negara (“PT PLN Persero”), for the annual delivery of 500,000 tonnes of coal to the PT Tenayan project, a new 2 x 110 MW power plant in Riau Province, Indonesia.
