Cokal Limited (AU:CKA) has released an update.
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Cokal Limited has entered into a strategic partnership with Cratus Group to enhance its coal sales, distribution, and transport infrastructure, significantly boosting its operational capacity in Indonesia. This collaboration involves forming an infrastructure joint venture and receiving a $20 million investment from Cratus, aimed at maximizing the value of Cokal’s coal assets. By leveraging Cratus’s expertise and market access, Cokal aims to expedite its growth and benefit its shareholders.
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