Cokal Begins Metallurgical Coal Production at Indonesian Mine

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COKAL LTD is an Australian company that is listed on the Australian Securities Exchange. The company is involved in the exploration and development of coal projects in Indonesia and Mozambique. Cokal has started metallurgical coal production at its 60%-owned Indonesian mine. This is a significant achievement for the company and will contribute to its bottom line.

Share Price

On Tuesday, COKAL LTD ($ASX:CKA) stock opened at AU$0.2 and closed at AU$0.2, up by 4.4% from prior closing price of 0.2. COKAL is a Australian-based company with a focus on exploration, development and production of metallurgical coal. The company’s primary asset is the Bumi Barito Mineral project, located in Central Kalimantan, Indonesia. The project consists of three coal concessions, which are currently in various stages of exploration and development.

The project is expected to produce high-quality metallurgical coal, which is in high demand globally. COKAL is well-positioned to benefit from the growing demand for metallurgical coal, as it has a large, high-quality asset in a strategic location.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on COKAL LTD are made simple by VI app. According to VI Risk Rating, COKAL LTD is a medium risk investment in terms of financial and business aspects. VI App has detected 2 risk warnings in balance sheet, cashflow statement.

Summary

Investing in COKAL Ltd. could prove to be a lucrative endeavor, as the company has begun metallurgical coal production at its Indonesian mine. This could lead to increased demand for the stock, and potentially higher prices. investors should do their own due diligence before making any investment decisions.