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An announcement from Cokal ( (AU:CKA) ) is now available.
Cokal Limited has secured a US$15 million strategic debt funding from International Commodity Trade Pte Ltd, a long-term shareholder, to enhance infrastructure development and metallurgical coal production at its BBM mine. The company resumed domestic coal shipments after a market-induced pause and is operating at minimal production levels due to weak market conditions. Cokal aims to maintain financial resilience and operational stability while preparing for future production increases as market conditions improve. The company is focused on selective mining strategies to manage costs and preserve cash flow, ensuring long-term value for stakeholders.
More about Cokal
Cokal Limited is an Australian company engaged in the exploration and development of metallurgical coal assets in Central Kalimantan, Indonesia. The company holds significant shares in several coal projects, including the Bumi Barito Mineral (BBM) project, PT Tambang Benua Alam Raya (TBAR), Borneo Bara Prima (BBP), and Anugerah Alam Katingan (AAK).
Average Trading Volume: 571,071
Technical Sentiment Signal: Sell
Current Market Cap: A$32.37M
For detailed information about CKA stock, go to TipRanks’ Stock Analysis page.