Cokal Limited (AU:CKA) has released an update.
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Cokal Limited has entered into a strategic partnership with PT Petrosea Tbk, a significant player in the Indonesian mining sector, to boost metallurgical coal production at its BBM mine. The agreement aims to lower production costs and expand operations through efficient contractor management and extended payment terms. With Petrosea’s expertise, Cokal plans to increase its coal output and enhance sustainable production practices.
For further insights into AU:CKA stock, check out TipRanks’ Stock Analysis page.
