Cokal raises $1.5M for BBM development

COKAL has tapped sophisticated and professional investors to raise $1.5 million to develop the next phase of its BBM coal mine in Indonesia, which will deliver an additional 600,000 tonnes per annum of premium quality pulverised coal injection coal.

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“Cokal has successfully developed the initial mining area at the company’s BBM Coal Mine in Indonesia, with a design capacity of 120,000 tonnes per annum of premium quality PCI Coal,” it said.

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