Cokal financially ready to start mining BBM in FY2021

COKAL is in a strong financial position to enable it to progress with the financing needed to start production at its BBM mine in Indonesia after achieving a number of milestones over the past 12 months, according to chairman Domenic Martino.

sponsored-logo
Cokal financially ready to start mining BBM in FY2021  Cokal financially ready to start mining BBM in FY2021  Cokal financially ready to start mining BBM in FY2021  Cokal financially ready to start mining BBM in FY2021  Cokal financially ready to start mining BBM in FY2021

The company now looks forward to the commencement of mining operations in this current financial year.

He said in the company's annual report that those milestones included the completion of the conversion of the Platinum Loans and the final vendor payment for BBM to a per-tonne-coal-production rate.