BlackGold Natural Resources Limited has announced that, through its subsidiary, PT Samantaka Batubara, the Group has received a purchase order from an Indonesian state-owned cement company, PT Semen Padang.
The PO has an approximate value of $12.6 million and the Group expects to complete the PO within the next 11 months.
Founded in 1910, Cement Padang is a state-owned company and a subsidiary of PT Semen Indonesia (Persero) Tbk, a cement manufacturing company listed on the Indonesia Stock Exchange and the largest cement distributor in Indonesia.
Philip Rickard, Chief Executive Officer of the Group, commented: “We are very pleased to receive this purchase order from Cement Padang. This order represents another critical milestone for BlackGold, as the Group adds another esteemed state-owned company to its current portfolio of customers.”