BlackGold One Step Closer to Riau Power Project, But…

Shares of BlackGold Natural Resources Ltd, a company with coal mining operation in Indonesia, advanced 3% on Singapore Exchange (SGX) Wednesday (Jan 24) as it moved closer to building a coal-fired power plant in Riau province. At the last quoted price, BlackGold, controlled by Indonesian businessmen, had market cap of S$95 million.

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