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- Cokal (CKA) continues to make progress on the development of the Bumi Barito Mineral coking coal mine in Indonesia
- Initial operations will see coal transported from Krajan via a floating crane placed at the Batu Tuhup jetty
- Once the jetty is completed, the company will be able to operate at a higher capacity and will receive coal from the Mohing Haul road
- Cokal has achieved land clearance for the jetty, with land cut and fill works continuing
- Shares are trading 1.92 per cent lower today at 12.8 cents each at 1:23 pm AEST
Cokal (CKA) has continued to make progress on the development of the Bumi Barito Mineral coking coal mine in Indonesia.
Initial operations will see coal transported from Krajan via a floating crane placed at the Batu Tuhup jetty.
This process will allow for early shipments of coal to take place, whilst the Tuhup Jetty is being constructed.
Once the jetty is completed, the company will be able to operate at a higher capacity and will receive coal from the Mohing Haul road.
Cokal has achieved land clearance for the jetty, with land cut and fill works continuing.
It is expecting to release permanent jetty infrastructure development tender in the next week.
Shares were trading 1.92 per cent lower today at 12.8 cents each at 1:23 pm AEST.
