Blackgold International Holdings Limited is the largest non-state owned and second largest among all integrated producer and supplier of thermal coal based in Chongqing in terms of coal reserves, according to Antaike. The Company is incorporated under the laws of Australia and listed on the Australian Securities Exchange.
The Company sells thermal coal produced from its coal mines and sourced from other coal producers. In 2012, the Company began to sell PCI coal, a type of coking coal, which it sourced from third-party producers. PCI coal is injected into blast furnaces as ancillary fuel at steel companies and chemical companies to reduce the amount of coke consumed.
The Company owns and operate three thermal coal mines located in Chongqing, the Caotang Mine, the Heiwan Mine and the Changhong mine. and recently acquired one other thermal coal mine in Chongqing, the Baolong Mine. As of January,1,2012, the total proved and probable reserves of the mines in operation and ... [View Detailed