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BlackGold diversifies from coal into gold

Mr Kotjo said that BlackGold is unlike other Indonesian coal firms that have suffered in recent years due to the bearish market


LESS than six months after completing its reverse takeover to become an Indonesian coal mining firm, BlackGold Natural Resources is diversifying into gold mining.

With this move, the firm is also hoping to snag Indonesian businessman Johanes Budisutrisno Kotjo - a well-