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M&A
BlackGold enters SPA for $1 bil RTO of Mongolian mining group; to undertake $5 mil placement for transaction expenses
The purchase price of $1 billion shall be adjusted based on an independent valuation of TEC Group and its assets.
May 28, 2021
M&A
BlackGold to acquire energy construction and mining group in Mongolia via $1 bil RTO deal
BlackGold intends to seek a transfer of its Catalist listing to the Mainboard concurrent with the transaction.
April 09, 2021
Management & Corporate Governance
BlackGold shares tumble 32% despite clarification of bribery allegations
SINGAPORE (July 16): Shares of Indonesia coal miner BlackGold Natural Resources have slumped some 32% as at 3.20pm, after allegations of corruption by Indonesia’s anti-graft agency over the weekend.
July 16, 2018
BlackGold to fund stake in Riau-1 project with potential $20 mil convertible bond issuance
SINGAPORE (Dec 4): BlackGold Natural Resources plans to finance its acquisition of a stake in the Riau-1 Project, an upcoming 2x300 megawatt coal-fire plant in Riau province, Sumatra, by selling debt.
December 04, 2017
BlackGold taps Indonesia's rapidly growing power plant industry
SINGAPORE (Oct 3): Canadian-born and Indonesian-raised Phil Rickard straddles two worlds.
October 03, 2017
BlackGold in consortium to build Riau coal-fired power plant project
SINGAPORE (Sept 18): BlackGold Natural Resources on Friday entered into a Heads of Agreement (HOA) with various parties to form a new consortium for the development, construction, operation and maintenance of a 2 x 300MW coal-fired power plant in Riau, In
September 18, 2017
BlackGold Natural Resources in joint bid with China Huadian Engineering for Riau project
SINGAPORE (June 12): PT Samantaka, a subsidiary of BlackGold Natural Resources, has entered into a conditional term sheet with China Huadian Engineering for the joint development, construction, operation and maintenance of a 2 x 300 MW coal-fired power pl
June 12, 2017