Corporate digest
BlackGold Natural Resources
BLACKGOLD Natural Resources chairman and chief executive Philip Cecil Rickard is resigning after the upcoming annual general meeting (AGM) to be held on Oct 31. Mr Rickard, 50, said he has chosen to spend time with his family, since BlackGold's planned investment in a coal-fired power plant project in Riau, Indonesia failed to pan out. The company had announced that it was pulling its plans for the project 11 months ago.
The firm was also entangled in an Indonesian power plant graft scandal last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama