Cokal seeks to monetise BBM output

COKAL has entered into an agreement to monetise near-term coal production from the Bumi Barito Mineral coking coal project in Indonesia.

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Cokal seeks to monetise BBM output Cokal seeks to monetise BBM output Cokal seeks to monetise BBM output Cokal seeks to monetise BBM output Cokal seeks to monetise BBM output

BBM has agreed to allocate SGE approximately 600,000 tonnes of saleable production.

PT Sumber Global Energy will advance BBM a total of US$2 million as consideration for Cokal appointing SGE as exclusive sales agent for domestic Indonesia coal sales.