BlackGold reappoints GMT Indonesia for resources, reserves estimations
Wednesday, January 20 2016 - 05:00 AM WIB
SGX-listed BlackGold Natural Resources Limited announced Tuesday the re-appointment of PT GMT Indonesia to prepare the independent qualified person?s report (2015 IQPR) in respect of the group?s coal concessions in Indonesia, to be issued pursuant to stock exchange?s rule.
The company said in a statement that PT GMT Indonesia has appointed its two principal consultants, namely Krisjna Irawan Alimoeddin and Roger Harry Pooley as qualified persons for the resources and reserves estimations respectively, in respect of the 2015 IQPR.
According to BlackGold?s website, the group has a number of coal assets in Indonesia including as follows.
1. PT Samantaka Batubara (PT SB) is a feasibility asset located in Riau province, Sumatra, comprising 15,000 hectares. Through its local subsidiary, BlackGold has the rights to the PT SB concession until 2023.
2. PT Ausindo Andalas Mandiri (PT AAM) concession is an exploration concession located in Riau province. The asset comprises an area of 19,840 hectares granted under its extension of Mining Business License (IUP) in February 2015 for two years.
3. PT Ausindo Prima Andalas (PT APA) concession is an exploration concession located in Riau province. The asset comprises an area of 10,710 hectares granted under its extension of Mining Business License (IUP) in February 2015 for two years.
Editing by Reiner Simanjuntak