TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Cokal Limited ( (AU:CKA) ) has shared an announcement.
Cokal Limited announced significant developments in its strategic partnerships and operational capabilities. The company has strengthened its collaboration with PT Petrindo and Cratus Group, leading to increased production volumes and reduced costs at the BBM coal mine in Central Kalimantan. Cratus has committed $20 million in funding, which includes enhancements to coal transport infrastructure through a joint venture, enabling Cokal to maximize the value of its coal assets. These developments are expected to significantly boost Cokal’s production efficiency and market positioning, with implications for enhanced operational synergies and additional development opportunities in the region.
More about Cokal Limited
Cokal Limited is involved in the mining industry, primarily focusing on metallurgical coal production. The company has significant interests in several coal assets located in Central Kalimantan, Indonesia, including the Bumi Barito Mineral (BBM) project, PT Tambang Benua Alam Raya (TBAR), Borneo Bara Prima (BBP), and Anugerah Alam Katingan (AAK).
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $40.39M
See more data about CKA stock on TipRanks’ Stock Analysis page.