Blackgold acquires Chongqing coal mine

摘要

BLACKGOLD International Holdings has entered into a share transfer agreement to acquire a 100% interest in Qijiang Changhong Coal Industry Co which is the holder of the mining rights to the QiJiang ChangHong Coal Mine in Qijiang County, Chongqing, China, for consideration of RMB98 million (about Aus$14.9 million). The acquisition was conditional upon the company obtaining a new business licence from the Qijiang Industry & Commerce Administration Bureau.