The latest update is out from Cokal ( (AU:CKA) ).
Cokal Limited has reported significant progress in its strategic partnerships and infrastructure development during the quarter ending March 31, 2025. The company, in collaboration with PT Petrindo and Cratus, is enhancing its production and logistics capabilities, which is expected to lower costs and increase coal output. Key developments include the completion of a steel bridge over the Mohing River and ongoing improvements to haul roads, which are crucial for the planned ramp-up of metallurgical coal production at the BBM project. Additionally, PT Petrindo has secured substantial financing for its nearby mine, which will further optimize costs and accelerate production growth. These initiatives are part of Cokal’s strategy to transform BBM into a low-cost, high-volume operation, ensuring sustainable profitability and reinforcing the long-term strategic value of its partnerships.
More about Cokal
Cokal Limited is a company operating in the coal industry, primarily focusing on the development and production of metallurgical coal. The company holds significant interests in coal assets located in Central Kalimantan, Indonesia, including the Bumi Barito Mineral (BBM) project, PT Tambang Benua Alam Raya (TBAR), Borneo Bara Prima (BBP), and Anugerah Alam Katingan (AAK). Cokal is committed to expanding its coal production capabilities and enhancing its infrastructure to support efficient logistics and supply chain operations.
Technical Sentiment Signal: Sell
Current Market Cap: $23.58M
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