Cokal secures $15m to boost BBM coal production, cuts ties with Cratus
ASX-listed Cokal has secured a $15-million strategic debt funding facility to support the expansion of metallurgical coal production at its Bumi Barito Mineral (BBM) mine in Central Kalimantan, Indonesia. The funding comes from long-term shareholder Eddie Chin Wai Fong, through International Commodity Trade (ICT), and will be used to invest in capital expenditure aimed at increasing mining operations and transport infrastructure capacity at the BBM project. Cokal holds a 60% interest in the mine.
ASX-listed Cokal has secured a $15-million strategic debt funding facility to support the expansion of metallurgical coal production at its Bumi Barito Mineral (BBM) mine in Central Kalimantan, Indonesia.
The funding comes from long-term shareholder Eddie Chin Wai Fong, through International Commodity Trade (ICT), and will be used to invest in capital expenditure aimed at increasing mining operations and transport infrastructure capacity at the BBM project. Cokal holds a 60% interest in the mine.
