BlackGold completes first coal delivery

BlackGold Natural Resources’ subsidiary, PT Samantaka Batubara (SB), has completed its first coal delivery to the Indonesian state-owned electricity company, PT Perusahaan Listrik Negara (PLN Persero). It is the first of many deliveries under a Coal Sales and Purchase Contract signed between BlackGold and PT PLN Persero on December 1, 2016.

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Orsu awaits funds for Karchiga sale

Orsu Metals Corporation announced on January 26, 2017, the conditional transfer of its 94.75% participation interest in GRK MLD LLP, which holds the Karchiga Copper Project in Kazakhstan, to Karasat Trading FZE. The transfer took place in Almaty, Kazakhstan on January 25.

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Kincora resumes Mongolian field work

Kincora Copper has resumed field work at its copper prospects in southern Mongolia and is making plans to drill two targets with geological models analogous to the nearby large-scale copper mines of Oyu Tolgoi and Tsagaan Suvarga.

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Geo Energy boosts coal supply to ECTP

Geo Energy Resources, an integrated Indonesian coal mining group, has amended its long-term Life of Mine (LOM) coal purchase agreement with ECTP to supply more 4200 GAR thermal coal for the lifespan of Geo Energy’s Sungai Danau Jaya (SDJ) coal mine.

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