Cokal Limited (AU:CKA) has released an update.
Cokal Limited is enhancing its coal transport capabilities to support the expansion of its BBM metallurgical coal production by signing a hauling services agreement with PT Stanley Mitra Abadi and constructing a semi-permanent steel bridge over the Mohing River. The bridge is set to be completed by December 2024, which will ensure uninterrupted transport, especially during the rainy season. The agreement with Stanley involves the deployment of up to 100 trucks to increase coal transport from the BBM Pit 3 to the Batu Tuhup Jetty over the next three years.
For further insights into AU:CKA stock, check out TipRanks’ Stock Analysis page.
