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Cokal ( (AU:CKA) ) has provided an update.
Cokal Limited has advanced its strategic partnership with Indonesian coal company PT Petrindo Jaya Kreasi Tbk by entering into a binding term sheet for the development of the BBM Haul Road. This collaboration will see PT Petrindo funding the road’s upgrade to an all-weather standard, facilitating coal transport from both Cokal’s BBM mine and PT Petrindo’s DBK mine. PT Petrosea Tbk has been appointed as the main contractor for the road development, expected to begin in October 2025. This partnership is a significant step in enhancing Cokal’s infrastructure capabilities, which are essential for its production growth and market positioning.
More about Cokal
Cokal Limited is a company operating in the coal industry, focusing on metallurgical coal mining. It is primarily involved in the development of coal transport infrastructure, which is crucial for its growth objectives, including the ramp-up of production at the Bumi Barito Mineral (BBM) mine and the development of the TBAR mine.
Average Trading Volume: 474,191
Technical Sentiment Signal: Sell
Current Market Cap: A$32.37M
See more data about CKA stock on TipRanks’ Stock Analysis page.