Company Details

Cokal Ltd (ASX: CKA)

cokal
ASX Listed
ASX Listed, Project Financing
Mining / Resources / Energy
Raising Capital

Company Information

  • Executive Summary

    Executive Summary

    Cokal Limited (Cokal) is an ASX listed coal company, with high margin metallurgical coal as our key focus. The Board and senior management have extensive experience in successfully:

    • Identifying highly prospective assets
    • Forming appropriate business / financial structures and relationships
    • Providing the vision for a high performing business
    • Developing and implementing the plan to produce metallurgical coal efficiently
    • Operating highly productive mines

     

    Cokal will differentiate the company from others, by focussing on:

    1. Building a Global Metallurgical Coal Business. Geographical, political and partnership diversification in areas of high potential value generation; in a commodity we understand, and believe has a tremendous future.
    2. Respect for All Stakeholders. We believe in fundamental respect for diverse beliefs, opinions, education levels, culture and the well-being of the people we influence. This includes safety, environmental management, and behaving in a way which brings credit to us.
    3. Ethical Decision Making. An approach to how we do business that ensures our long term licence to operate from our key stakeholders.
    4. Technical Skills for Innovative Solutions. Within our company we have the people, with not just the motivation to make a difference, but also the technical capability to apply innovative solutions to various challenges.
    5. Results Orientated. We are focussed on delivering results, utilising efficient processes, making use of the skills and talents of our people in a low risk manner.

    Request Information 

    • All regulatory approvals in place.
    • Shallow openpit mining provides access to early production
    • Low CAPEX and OPEX (lowest quartile)
    • Closeness to Asian steel markets
    • Will have cash flow within the 3rd quarter 2017 from PCI coal sales

    3 Board Members, CFO, COO, Company Secretary

  • Company Highlights

    Company Highlights

    • Feasibility Study completed for 20million tonnes of premium coking coal from openpit mining
    • Scoping study completed for 70million tonnes of premium coking coal underground A
    • Acquisition of nearby tenements with potential for additional 200million tonnes of coking coal resources
    • JORC Resource Statement (264million tonnes)
    • Definitive Feasibility Study completed
    • Mining Licence granted
    • Environmental Permit granted
    • Forestry Dept Approval granted I
    • Indonesian Central Govt approval -listed as ‘Clean and Clear’
    • Strong support from Regency and Provincial Governments of Central Kalimantan
    • PT Bumi Barito Minerals (BBM)
    • PT Tambang Benua Alam Raya (TBAR)
    • PT Borneo Bara Prima (BBP)
    • PT Annugerah Alam Katingan (AAK)
  • Board & Management

    Board & Management

    Patrick Hanna

    Patrick Hanna

    Non-Executive Director
    Currently holds two positions, a Principal Coal Consultant with Hanna Consulting Services and a Non-Executive Director of Cokal Limited which has coking coal interests in Indonesia. Pat is a coal geologist with some 40 years...

    Currently holds two positions, a Principal Coal Consultant with Hanna Consulting Services and a Non-Executive Director of Cokal Limited which has coking coal interests in Indonesia.

    Pat is a coal geologist with some 40 years of experience in all types of coal. He has reviewed and consulted on over 100 coal projects in Australia, USA, Canada, Alaska, South Africa, Mozambique, Tanzania, India, Bangladesh, Ukraine, Indonesia, China, Mongolia, Thailand, Japan, Philippines and New Zealand. From 2008 to2010, he held the position of Exploration Manager for Riversdale Mining, responsible for the discovery and documentation of a new coking coal basin in Mozambique. Previous to that, Pat was a Principal Geologist for SRK Australia from 2002 to 2008, and held the position of Director of ECS International Pty Ltd. He began his coal geological career with McElroy Bryan and Assoc in 1977.

    Pat represented The AusIMM on the JORC Committee from 1998 to 2000, and was a member of the Sub-Committee for the Australian Guidelines for Black Coal Resource and Reserve Estimation, 1999 – 2000.

    B. Applied Science (Geology), University of New South Wales,
    CPI, FAuslMM

    Domenic Martino

    Domenic Martino

    Chairman
    Mr Martino is a Chartered Accountant and an experienced director of ASX listed companies. Previously CEO of Deloitte Touche Tohmatsu in Australia, he has significant experience in the development of “micro-cap” companies. Former CEO Deloitte...

    Mr Martino is a Chartered Accountant and an experienced director of ASX listed companies. Previously CEO of Deloitte Touche Tohmatsu in Australia, he has significant experience in the development of “micro-cap” companies.

    • Former CEO Deloitte Touche Tohmatsu Australia.
    • Key player in the re-birth of a broad grouping of ASX companies including Sydney Gas, Pan Asia, Clean Global Energy, NuEnergy Capital.
    • Strong reputation in China.
    • Lengthy track record of operating in Indonesia, successfully closed key energy and resources deals with key local players.
    • Proven track record in capital raisings across a range of markets.

    B. Bus (Curtin University), CPA

    Garry Kielenstyn

    Garry Kielenstyn

    Executive Director, COO
    Garry is based in Kalimantan, and is a veteran of the Indonesian mining and civil contracting industries. His first Indonesian based role was in 1974 and he has been living and working in country since...

    Garry is based in Kalimantan, and is a veteran of the Indonesian mining and civil contracting industries. His first Indonesian based role was in 1974 and he has been living and working in country since 1990. His previous roles include:

    • Project Manager and Area manager with Petrosea, one of Indonesia’s biggest mining and civil contractors;
    • Construction Manager, Mining Manager, Operations Manager, General Manager and Resident Manager for well recognized Indonesian Mining Companies such as PT Indo Muro Kencana / Straits Resources, PT Yuga Eka Surya, PT Ganda Multi Energi and PT Baramulti Sugih Sentosa.

    Garry has a strong track record for bringing projects through construction to production in remote parts of Indonesia but importantly he has a long and successful track record in the Murung Raya regency where Cokal’s premier Bumi Barito Mineral (BBM) project is located.

  • Contact Details

    Contact Details