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 local subsidiaries, has the rights to three coal concessions in Riau, a region rich in natural resources.
Currently, the Group, through its subsidiary, PT Samantaka Batubara (“PT SB”), has over 200 MT of coal resources (JORC code) from an explored area of only 7,500 hectares while the total asset portfolio comprises of 48,910 hectares. With only around 15.5% out of the total concession been explored, the portfolio possesses strong potential upside to the Group’s current resources.
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 aggressive development of the power sector supported by the Government of Indonesia