Cokal (ASX:CKA) has completed commercial trial shipments of metallurgical (coking) coal to PT Dexin Steel Indonesia and PT Detian Coking Indonesia, resuming trading activity that had been suspended since May 2025 amid weak market conditions.
Cokal, which has a market capitalisation of $50.7 million, says the transactions were structured and facilitated by M Resources, which achieved favourable benchmark-linked pricing.
M Resources is working alongside with Cokal’s offtake partner INTCO to market BBM’s coal, secure competitive pricing outcomes, and advance the company’s long-term objectives.
Cokal is an Australian coal producer with a global presence. The company has interests in four projects considered prospective for metallurgical coal in Central Kalimantan, Indonesia.
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Images: Cokal
