https://www.miningweekly.com

Cokal looks at smaller project on BBM tenement

4th May 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Coal developer Cokal is evaluating the technical feasibility of a small-scale initial mine of up to 500 000 t/y in Indonesia.

The company said on Thursday that the objective of the start-up project was to deliver a low capital and low cost operation to produce a premium coal product in a relatively short time frame, and to generate positive cash flow to assist with the funding of the two-million-tonne-a-year Bumi Barito Minerals (BBM) coking coal project.

The start-up project is expected to require a capital investment of between A$10-million and A$12-million to reach production, and construction of the mine could start immediately once funding is secured, as all regulatory approvals have already been acquired.

Cokal noted that project construction would last between six and eight months, with the company now in advanced negotiations with prospective joint venture and funding partners.

The ASX-listed company said that it was considering a funding deal to sell down 50% of the discrete project for partial pre-funding of the mine capital costs, with a number of parties already having been approached.

Edited by Creamer Media Reporter

Comments

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.13 0.169s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: