BlackGold appoints mining veteran as consultant
Wednesday, March 30 2016 - 02:06 PM WIB
BlackGold Natural Resources Limited announced on Wednesday the appointment of Johanes Budisutrisno Kotjo as a consultant to the group, effective March 30, 2016.
Kotjo brings to the group more than 22 years of experience in the mining and energy industries, having assumed key roles in various companies, including President Commissioner of IDX-listed PT Apac Citra Centertex Tbk from 1995 to 2014. He entered into his first resource venture together with a major mining player, Robert Friedland, in 1994, and has successfully invested in various mining ventures.
?With more than 22 years of experience in the mining and energy industry, Kotjo brings to the group a wealth of experience from his successful career?, said Phil Rickard, CEO of BlackGold Group. ?I am confident that he will make many important contributions to BlackGold, and I am thrilled to welcome him to our advisory team?.
Over the last 25 years, Kotjo has been recognized as one of South East Asia?s top business leaders, specializing in acquisitions and capital markets transactions, including those with public listed entities. Kotjo graduated from the Technical University of Berlin in 1977, majoring in Chemical Engineering.
The group is an Indonesia-focused coal mining company targeting Indonesia's growing power plant industry.
The group, through its local subsidiaries, has the rights to three coal concessions in Riau, Indonesia. Currently, the group, through its subsidiary PT Samantaka Batubara, has coal concession for an area of 15,000 hectares, and has over 200 million tons of coal resources (JORC code).
Editing by Johannes Simbolon