Brief: Cokal Commissions Mining Contractor To Deploy Additional 3 Fleets Of Mining Equipment

Cokal

20/05/2024 01:18

May 20 (Reuters) - Cokal Ltd  CKA.AX :
    * COMMISSIONED MINING CONTRACTOR TO DEPLOY AN ADDITIONAL
THREE
FLEETS OF MINING EQUIPMENT TO BBM MINE SITE
    * ESTIMATES AMOUNT PAYABLE TO MINING CONTRACTOR WILL TOTAL
US$12.4M TO DECEMBER 2024
    * INCREASE FROM 2 TO 5 OPERATING FLEETS TO INCREASE CO'S
OVERBURDEN REMOVAL CAPACITY TO ABOUT 450,000 TO 550,000 BCM PER
MONTH
    * ADDITIONAL FLEETS WILL RAMP-UP SALEABLE COAL PRODUCTION
FROM BBM
TO 25,000 TONNES PER MONTH

Source text for Eikon:  ID:nASX1KZGNx 
Further company coverage:  CKA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))