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Cokal Limited (ASX:CKA)

ALERT: Price-sensitive ASX Announcement for CKA
Current share price for CKA : $0.053 -0.006 (-10.17%)+
Announcement
Release
31 Jul 2026 9:26AM
Price at Release
$0.059
Full Release
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Summary
During the quarter ended 30 June 2026, Cokal Limited reported the recommencement of mining operations at its Bumi Barito Mineral (BBM) Project following regulatory approval. The company successfully exported 10,200 tonnes of Low Vol Hard Coking Coal to China and continued infrastructure upgrades at the Batu Tuhup Jetty. Cokal holds significant coal assets in Central Kalimantan, Indonesia, with ongoing plans for expansion and production increases. Despite challenging market conditions due to subdued global steel demand and geopolitical issues, Cokal remains focused on optimizing its operations and pursuing both domestic and export sales opportunities.
Key Points
  • Cokal Limited recommenced mining operations at the BBM Project in the June quarter of 2026 following regulatory approval.
  • Approximately 10,200 tonnes of Low Vol Hard Coking Coal were exported to China.
  • Infrastructure upgrades are underway at Batu Tuhup Jetty, including road improvements and the installation of a 250 tph roller crusher.
  • Cokal Limited has significant interests in four metallurgical coal assets in Central Kalimantan, Indonesia.
  • The company has US$194k in cash and additional undrawn facilities of US$2.56 million.
  • Cokal submitted a revised RKAB application for increased production capacity in 2026.
  • Market conditions for metallurgical coal remain challenging due to subdued global steel demand and geopolitical tensions.
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.