Global metallurgical coal group Cokal Limited (ASX:CKA) is pleased to announce the completion of a Definitive Feasibility Study (Study) for its 60% owned Bumi Barito Mineral Coal Project (BBM). The Study has been prepared by an Indonesian company, Resindo Resources Indonesia (Resindo).
The Study confirmed that the BBM coal mine and associated transport system can be developed as a low capital cost operation (US$75M) with moderate to medium range operating cost (First 5 years average US$82/product tonne). The Project has a Net Present Value after tax of US$366M. The start of production from BBM is scheduled for Q1 2015. Please click here to view the full announcement on our website.
We look forward to your continued involvement as we grow Cokal Limited into a
significant global metallurgical coal producer.
Kind regards
Peter Lynch Chairman and CEO
M +61 419 764 747 (Australia)
+62 821 1001 0009 (Indonesia)
E [email protected]
Global metallurgical coal group Cokal Limited (ASX:CKA) is...
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