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The latest update is out from Cokal Limited ( (AU:CKA) ).
Cokal Limited announced that its joint venture partner, PT Petrindo, has secured financing for the development of a metallurgical coal mine and associated transport infrastructure in Central Kalimantan. This partnership is expected to significantly boost Cokal’s coal transport capacity at a reduced cost, while strategic shipments to China and upcoming domestic deliveries further solidify its industry positioning and stakeholder alliances.
More about Cokal Limited
Cokal Limited (ASX: CKA) is involved in the coal industry, primarily focusing on the development and production of metallurgical coal. It collaborates with partners to enhance coal transport infrastructure, maximizing efficiency and capacity to support production growth.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $43.04M
See more data about CKA stock on TipRanks’ Stock Analysis page.
