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INDONESIAN coal mining firm BlackGold Natural Resources has received a US$12.6 million purchase order for coal supply to an Indonesian state-owned cement company.
The order from PT Semen Padang is expected to be completed within the next 11 months and will have positive impact on the net tangible assets and earnings per share of the group for the current financial year, BlackGold said.
BlackGold CEO Philip Rickard said the order represents another milestone for the firm as it adds an "esteemed state-owned company" to its portfolio of customers.