BlackGold Natural Resources subsidiary PT Samantaka Batubara (SB) has entered into a conditional term sheet with China Huadian Engineering Co Ltd for the joint development, construction, operation and maintenance of a 2 x 300 MW coal-fired power plant in Riau province, Indonesia.
Preparations for a new drilling program at Angkor Gold’s Okalla West project are taking place this week. The program, which is expected to begin in early July, is being conducted in cooperation with Blue River Resources.
Australian Potash has signed two non-binding offtake agreements with Chinese companies for the supply of sulphate of potash (SOP) from its Lake Wells Potash Project in Western Australia. The agreements strengthen the company’s position as it seeks to position itself in large regional markets in order to supplement primary sales into the domestic market.
Nusantara Resources plans to raise up to A$20 million via an IPO on the ASX with funds to support development of the Awak Mas Gold Project in Sulawesi, Indonesia. Nusantara is the result of a demerger of the Awak Mas project from unlisted Sydney company One Asia Resources.