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Cokal Limited (ASX:CKA)

ALERT: Price-sensitive ASX Announcement for CKA
Current share price for CKA : $0.060 0.03 (100%)+
Announcement
Release
23 Sep 2025 10:11AM
Price at Release
$0.030
Full Release
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Summary
Cokal Limited has announced a strategic partnership with PT Petrindo Jaya Kreasi Tbk to fund and develop the BBM Haul Road into an all-weather standard. The partnership includes the appointment of PT Petrosea Tbk as the main contractor for the project. The investment will be structured as a prepayment of future toll fees, with Cokal retaining full ownership of the road. The development will be financed by PT Petrindo with a 12% per annum interest fee applicable after the road reaches a certain capacity. Additionally, PT Petrindo will develop an alternate road segment for coal transport, further supporting Cokal's infrastructure and growth objectives.
Key Points
  • Cokal Limited has entered a strategic partnership with PT Petrindo Jaya Kreasi Tbk for the development of the BBM Haul Road.
  • PT Petrindo will fund the development to convert the road into an all-weather standard.
  • PT Petrosea Tbk has been appointed as the main contractor for the road development.
  • The funding by PT Petrindo is structured as a prepayment of future toll fees.
  • The haul road development will be subject to a 12% interest fee per annum.
  • Cokal retains full ownership of the haul road and its licenses.
  • The agreement allows Cokal to recoup its investment through toll fees.
  • PT Petrindo will also develop an alternate road segment for coal transport.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.