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Corporate digest

Published Wed, Oct 16, 2019 · 09:50 PM

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.

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