About BlackGoldNatural
BlackGold Natural Resources Limited, formerly NH Ceramics Ltd, is an investment holding company. The Company is engaged in exploration and mining of coal in Indonesia. The Company, together with its subsidiaries, is focused on Indonesia's power plant industry, with a specific focus on supplying coal to power plants located in Riau province, Sumatra, Indonesia. The Company holds the rights to approximately three coal concessions in Sumatra, such as PT Samantaka Batubara, PT Ausindo Andalas Mandiri and PT Ausindo Prima Andalas (concessions), covering over 45,550 hectares in combined acreage. The Company has explored a total area of approximately 10,000 hectares in the PT Samantaka Batubara concession. The Company is in exploration phase for its PT Ausindo Andalas Mandiri concession and PT Ausindo Prima Andalas concession, and has entered into the development phase for the PT Samantaka Batubara concession.