Cokal Limited has signed an agreement with Petrosea to increase metallurgical coal production.

Cokal Limited (ASX: CKA) secured an essential partnership with PT Petrosea Tbk for contractor and vendor management services through its 60%-owned subsidiary PT Bumi Barito Mineral. This strategic collaboration is a significant step toward expanding operations and increasing coal production at the BBM mine. The agreement provides Cokal with the necessary support to ensure efficient and sustainable coal production. It prepares for production expansion by extending payment terms for mine service providers by an additional 120 days.

Furthermore, Petrosea will be the lead mining contractor at BBM from 2025. This one-year term sheet is subject to the execution of formal binding transaction documentation. Such a collaboration promises a bright future for Cokal's operations and production activities at BBM.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com