BlackGold Natural Resources has completed its jetty at Kuala Cenaku, in Riau Province, Indonesia. The jetty will serve the delivery of coal produced from the group’s mining concessions.

Equipped with a conveyor belt and stockpiling facilities, the jetty has an annual loading capacity of 3.6 million tonnes of coal and a stockpiling capacity of approximately 45,000-55,000 tonnes of coal.

Strategically located near the group’s mining concessions and situated at the Indragiri Hulu River, the jetty will significantly improve output capacity and reduce transportation costs while providing better control and certainty over BlackGold’s coal distribution networks.

Coal is transported from the group’s Riau mining concessions to the jetty by truck, where it is loaded onto barges via the jetty’s conveyor system for onward delivery to its customers’ ports.

“We are delighted to have completed the construction of our jetty and to have commenced delivery of coal from it,” said BlackGold’s CEO Philip Rickard.

“It marks the completion of yet another key infrastructural asset in the group’s supply chain and signifies BlackGold’s commitment to consistent and timely deliveries for our customers.

“Through reduced waiting times and increased loading capacities, the jetty will enable the group to lower operating costs and deliver coal in as seamless a manner as possible. Endowed with this enhancement to our coal distribution capabilities, we shall continue to work towards increasing our coal supply to PLN’s PT Tenayan project,” he said.

PT Tenayan is a 2 x 110 MW power plant in Riau Province constructed by PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity company.

On December 1, 2016 the group signed a coal sales and purchase contract with PLN for the annual delivery of 500,000 tonnes of coal to the Tenayan project.

The contract is for an initial term of five years with an option to extend the contract for three additional five-year terms, subject to mutual agreement between the parties.

BlackGold is an Indonesia-focused coal mining company targeting the country’s rapidly growing power plant industry. Through long term, fixed offtake agreements with its principal customers, the group has a customer portfolio consisting of state-owned and independent power plants and factories.

The group, through its local subsidiaries, has the rights to three coal concessions in Riau.

www.blackgold-group.com

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