Cokal Limited (AU:CKA) has released an update.
Cokal Limited is significantly ramping up production at its BBM Metallurgical coal mine by increasing its mining fleets from two to five, aiming to boost monthly saleable coal output from 10,000 to 25,000 tonnes. The expansion, currently underway, is expected to take two months for completion and will require an initial investment of US$12.4m to December 2024. Shareholders are encouraged to follow the company’s website for regular updates on the mine’s operational progress.
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