Cokal secures Mozambique coal deal

MOZMABIQUE government owned EMEM and ASX listed Cokal will jointly develop coal projects that EMEM will gain title to in the country’s emerging metallurgical coal basin.
Cokal secures Mozambique coal deal Cokal secures Mozambique coal deal Cokal secures Mozambique coal deal Cokal secures Mozambique coal deal Cokal secures Mozambique coal deal

Cokal executive chairman Peter Lynch

Lou Caruana

EMEM will have 20% ownership and Cokal 80% of the JV company with Cokal providing funding for exploration over three years, the firm’s executive chairman Peter Lynch told an investor presentation.

“EMEM provide exploration licences and the agreement between EMEM and Cokal provides for post exploration development through to mining and sale of coal,” Lynch said.

Cokal has recruited Pat Hanna an executive director, who will be instrumental in developing its interests in Mozambique.

Hanna is a geologist with 30 years’ experience and was previously exploration manager for Riversdale Mining, who had principal responsibility for discovery and documentation of new coking coal basin in Mozambique.

“Our focus in on building a global metallurgical coal business through positive and agile decision making, respect for all stakeholders, ethical decision making, and technical skills for innovative solutions,” Lynch said.

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