InvestSMART

Cokal Limited (ASX:CKA)

ALERT: Price-sensitive ASX Announcement for CKA
Current share price for CKA : $0.054 0.013 (31.71%)+
Announcement
Release
22 Oct 2025 10:20AM
Price at Release
$0.041
Full Release
download
Summary
Cokal Limited, listed on the ASX as CKA, has announced the commencement of in-house mining operations at its PT Bumi Barito Mineral (BBM) project in Central Kalimantan, Indonesia. This marks the production of small quantities of Low Volatile Hard Coking Coal (LVHCC) to maintain operations amid subdued market demand. Alongside this, BBM has appointed PT Harapan Mitra Lestari (HML), a subsidiary of PT Riung Mitra Lestari, as its mining contractor in a non-exclusive arrangement starting mid-December 2025. HML will provide comprehensive mining services including overburden removal and pit-to-ROM coal production under a five-year contract, ensuring a minimum of 95% coal recovery. The mobilization of mining fleets will occur in phases, aiming for a production target of approximately 420,000 tonnes by 2026. Additionally, Cokal is upgrading its logistics infrastructure with PT Petrosea to support all-weather operations and future production expansion. The company retains flexibility to engage additional mining contractors as market conditions warrant, ensuring operational efficiency and sustainable value creation.
Key Points
  • Cokal Limited resumes limited mining operations at BBM.
  • Production of Low Volatile Hard Coking Coal to maintain operations.
  • PT Harapan Mitra Lestari appointed as mining contractor from December 2025.
  • HML will provide overburden removal and coal production services.
  • Five-year mining service contract with HML.
  • Fleet mobilization in phases to meet production targets.
  • Production target set at ~420,000 tonnes by 2026.
  • BBM's haul-road and logistics facilities to be upgraded by PT Petrosea.
  • Company retains flexibility for additional contractor engagement.
  • Focus on operational efficiency and sustainable value creation.
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.