COKAL ready for next stage of coal projects development
Friday, June 1 2012 - 01:42 AM WIB
By Romel S. Gurky
Global metallurgical coal group Cokal Ltd announced that its flagship coal project Bumi Barito Mineral (BBM) in Central Kalimantan secured the Clean and Clear status announced by the government on May 30, confirming the validity of its concession.
The Cokal?s Borneo Bara Prima (BBP) project received the same Clean and Clear status on May 9
The company said that with the status, Cokal has met its ongoing exploration obligations in regard to both projects.
?This is timely confirmation of the status of our BBM and BBP Projects and is another important step towards taking both projects into the next stage of development.? Cokal CEO Jim Middleton said.
Editing by Adianto P. Simamora