Cokal secures US$20M funding for BBM

A US$20 million debt finance facility for Cokal’s BBM coal project in Indonesia by a Chinese joint venture will provide an attractive and strategic funding solution for the company, according to chairman Domenic Martino.

The JV has conducted due diligence on BBM and the associated infrastructure.

20 October 2020
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He said the letter of intent stipulating a binding commitment for the provision of a $20 million debt finance facility was a transformational opportunity for Cokal to advance from an exploration

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