Cokal Limited (AU:CKA) has released an update.
Cokal Limited is set to enhance its coal transport capabilities through a joint venture with PT Petrindo, focusing on the development of essential infrastructure such as haul roads and facilities on the Barito River. The agreement grants Cokal immediate access to PT Petrindo’s coal stockpile for efficient storage and delivery, signaling a strategic move to boost its coal transport logistics. Additionally, Cokal’s ongoing success is marked by the recent completion of three coal deliveries, further establishing the company’s presence in the coal market.
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