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Cokal ( (AU:CKA) ) has shared an update.
Cokal Limited has announced the commencement of contractor-led mining operations at its BBM Project in Central Kalimantan, Indonesia, with PT Harapan Mitra Lestari initiating the first overburden cut in Pit 3. This marks a significant step in Cokal’s strategy for progressive production growth, as two mining fleets are now operational, with two more set to start by early December 2025, reflecting a phased ramp-up plan designed to enhance efficiency and meet improving market conditions.
More about Cokal
Cokal Limited is a company operating in the mining industry, focusing on the production and development of metallurgical coal. The company is involved in projects in Central Kalimantan, Indonesia, and is committed to sustainable production growth aligned with market conditions.
Average Trading Volume: 583,493
Technical Sentiment Signal: Sell
Current Market Cap: A$43.16M
For detailed information about CKA stock, go to TipRanks’ Stock Analysis page.