Cokal Limited (AU:CKA) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cokal Limited has struck a profitable deal with PT Cipta Bersama Indonesia (CBI) to initiate an underground coal mining operation at BBM Pit 1, aiming to produce a PCI coal product in 18 months with no capital investment from Cokal. The agreement includes a revenue-sharing model where Cokal will receive 40% of sales, while CBI will cover all development and operating costs. Additionally, CBI has committed to developing coal processing facilities at BBM, further enhancing the project’s potential.
For further insights into AU:CKA stock, check out TipRanks’ Stock Analysis page.