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The latest announcement is out from Cokal ( (AU:CKA) ).
Cokal Limited has secured a strategic debt funding of US$15 million from long-term shareholder Eddie Chin, through International Commodity Trade Pte Ltd, to boost metallurgical coal production at its BBM mine. This funding will be used to enhance mining operations and transport infrastructure, aiming to improve operational efficiencies and reduce costs per tonne of coal. Additionally, Cokal has terminated all agreements with Cratus, signaling a strategic shift in its operations.
More about Cokal
Cokal Limited is a company operating in the mining industry, primarily focusing on the production of metallurgical coal. The company is involved in the development and operation of the Bumi Barito Mineral (BBM) coal mine, with a market focus on increasing coal production and enhancing transport infrastructure.
Average Trading Volume: 874,089
Technical Sentiment Signal: Sell
Current Market Cap: A$35.61M
For an in-depth examination of CKA stock, go to TipRanks’ Stock Analysis page.