BlackGold Natural Resources Ltd completes first coal delivery to Semen Padang, Indonesia

BlackGold Natural Resources Ltd announced that its subsidiary, PT Samantaka Batubara has successfully completed its first coal delivery to Indonesian producer Semen Padang.

The purchase order from Padang has an approximate value of US$12.6m which BlackGold expects to complete periodically within the next 10 months. The first delivery of coal to Semen Padang was completed on 24 March 2017 and delivery by a second fleet of trucks is expected to commence by April 2017.

"We are very pleased with the successful completion of this delivery to our valued customer," said Mr Philip Rickard, CEO of BlackGold Natural Resources. "This accelerates the group's strategy of becoming a leading Indonesian coal producer," he added.