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Cokal Limited ( (AU:CKA) ) has shared an update.
Cokal Limited has announced the completion of a US$7 million Coal Prepayment and Offtake Facility with Cratus Group, marking a significant milestone in their strategic partnership. This agreement, which includes an initial payment of US$3 million, aims to enhance Cokal’s operational and financial capabilities by leveraging Cratus’s expertise and resources, ultimately benefiting shareholders by maximizing the value of Cokal’s Indonesian coal assets.
More about Cokal Limited
Cokal Limited is a company operating in the coal industry, focusing on coal production and development assets located in Central Kalimantan, Indonesia. The company is involved in coal marketing, transport infrastructure, and financing to maximize the value of its coal portfolio.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $40.02M
See more insights into CKA stock on TipRanks’ Stock Analysis page.