Blackgold International Holdings Limited (ASX Code: BGG) is a Chongqing, China-based producer of high value thermal coal predominantly sold for industrial power generation to power plant customers in Shanghai. Blackgold listed on ASX on 22 February 2011.
Blackgold currently owns four existing underground thermal coal mines, the Caotang Mine and the Heiwan Mine in Fengjie Country, Chongqing, the Baolong Mine in Wushan County, Chongqing and the Changhong Mine in the area bordering Xishui County of Guizhou and QiJiang County of Chongqing, all in the People’s Republic of China (PRC).
Blackgold enjoys excellent logistics infrastructure and its proximity to the Yangtze River allows it to transport coal to customers at low cost. Blackgold will continue to evaluate acquisition opportunities of mines with similar geographical advantages. It is currently in discussion with potential investors to fund its acquisition and is evaluating a number of potential new mines. [View Detailed