CKA - lots of good news in the ann being overlooked. Thought we had to wait till the 31st to get spooked!
"Cokal is also focussed on improving capacity at BBM Anak with the addition of four dump trucks which will be available on site by the third week of October 2017. The Company has added more barges and increased barge loading capacity (from 300 tonnes to 380 tonnes, and 500 tonnes to 580 tonnes) as Cokal gains experience and knowledge of the transport logistics and river operations. This has resulted in significant savings in operational costs given the reduction in barging costs. Cokal is in the process of establishing a local market for the Company’s premium PCI coal product and is in advanced negotiations with several local parties for the sale of the first stockpile of approximately 7,000 tonnes. The Company is in the process of obtaining an export licence enabling coal to be sold into international markets including Japan and China, where discussions with key customers continue. "
