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Cokal Secures US$7 Million Coal Prepayment Facility to Boost Indonesian Operations
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Cokal Secures US$7 Million Coal Prepayment Facility to Boost Indonesian Operations
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
US$7 million Coal Prepayment and Offtake Facility executed with Cratus Group
Initial tranche of US$3 million received to support coal production
Strategic partnership includes US$20 million total investment, with US$13 million into infrastructure joint venture
Facility structured over 30 months with quarterly coal deliveries and repayment
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