Australia's Cokal rises as co receives Indonesian coal tender bids

Cokal

16/09/2021 01:49

** Shares of Cokal Ltd  CKA.AX  rise as much as 2.86% to
A$0.180
    ** The metallurgical coal miner received four tender bids
for exploration drilling at Tambang Benua Alam Raya (TBAR) lease
area in Central Kalimantan, Indonesia (https://bit.ly/3CluvXT)
 
    ** Says tenders are being evaluated and an award is imminent
    ** Adds that completion of drilling is due by mid-2022
    ** Shares set for their third straight session of gains
    ** Stock up 130.3% this year, as of Wednesday's close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))