Cokal Limited (ASX: CKA) has signed a Memorandum of Understanding (MoU) with China Railway 21st Bureau Group International Engineering Co, to build the infrastructure planned for mining at Cokal’s BBM metallurgical coal project in Central Kalimantan.
- China Rail has sent a team to BBM site to conduct a site survey to decide on the estimation for the costing of the infrastructure;
- The company has signed an MoU setting out the basis for the formal contract to include road construction, jetty construction and overburden stripping and coal mining.
At AEST 12:57PM, the stock was trading at $0.043 per share, down by 8.5% from its previous close.
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