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Cokal’s JV Partner Secures A$238m to Boost Coal Transport and Production
2:44pm on Wednesday 22nd of January, 2025 AEDT
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Mining
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Cokal’s JV Partner Secures A$238m to Boost Coal Transport and Production
2:44pm on Wednesday 22nd of January, 2025 AEDT
Key Points
PT Petrindo raises IDR 2.4 trillion (A$237.8m) for mine and infrastructure development
Joint venture enables co-development and sharing of coal transport infrastructure
Two successful BBM metallurgical coal shipments to China completed
Infrastructure upgrades expected to reduce coal delivery costs per tonne
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