Latest Cokal (ASX:CKA) News

Cokal Limited has advanced its metallurgical coal operations in Central Kalimantan with new mining contracts, resumed coal shipments, and infrastructure upgrades, aiming for a 2026 production target of approximately 420,000 tonnes.

Cokal Limited has clarified the recent spike in its share price and trading volume, attributing the market activity to a series of operational milestones and strategic partnerships rather than undisclosed information.

Cokal Limited has resumed coal sales to domestic users and advanced critical infrastructure upgrades at its Indonesian metallurgical coal projects, signaling a strategic operational ramp-up amid improving market conditions.

Cokal Limited’s PT Bumi Barito Mineral has resumed limited mining operations and appointed PT Harapan Mitra Lestari as its mining contractor, while upgrading logistics infrastructure to support future production growth.

Cokal Limited has successfully completed its first commercial trial coal shipments since May 2025 to Indonesian buyers, signaling a positive shift in market conditions and setting the stage for expanded sales in the final quarter.

Cokal Limited has secured a binding agreement with PT Petrindo to jointly fund and develop the BBM Haul Road into an all-weather route, appointing PT Petrosea as contractor to support coal transport capacity growth.

Cokal Limited has secured a strategic US$15 million debt facility to support infrastructure and coal production at its Indonesian BBM mine, while cautiously navigating weak market conditions with minimal production and resumed domestic shipments.

Cokal Limited has secured US$15 million in strategic debt funding to ramp up metallurgical coal production at its BBM mine, while terminating all agreements with Cratus due to non-performance.

Cokal Limited advanced its Indonesian metallurgical coal projects in Q1 2025 with key financing secured by joint venture partner PT Petrindo, completion of critical infrastructure, and a strategic US$7 million prepayment facility. These developments underpin Cokal’s strategy to ramp up production while reducing costs amid challenging market conditions.

Cokal Limited has strengthened its position in Central Kalimantan through strategic partnerships with PT Petrindo and Cratus Group, securing US$20 million in funding to boost coal production and infrastructure development.

Cokal Limited has partnered with Cratus Group to establish an Infrastructure Joint Venture aimed at significantly expanding coal transport capacity and efficiency, supporting a ramp-up in metallurgical coal production at the BBM mine.

Cokal Limited has formalised a US$7 million coal prepayment and offtake facility with Cratus Group, marking a pivotal step in accelerating coal production and infrastructure development in Central Kalimantan, Indonesia.