Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Shares in Australia's Cokal jump after first sale from its Indonesian coal mine

Published 12/12/2017, 12:15 pm
Updated 12/12/2017, 12:20 pm
© Reuters.  Shares in Australia's Cokal jump after first sale from its Indonesian coal mine

SYDNEY, Dec 12 (Reuters) -

* Shares in Cokal CKA.AX climbed 32 percent on Tuesday after the Australian mining company said in a statement that it had made the first sale of coal from its mine in Indonesia

* The firm said it had sold 10,000 tonnes of the commodity from its BBM Anak mine in the Indonesian province of Central Kalimantan

* The company also said it had entered a A$400 million ($300 million) deal to supply Shanghai trader Renjian with 2.5 million tonnes of coal in shipments of 50,000 tonnes per month. Renjian is a subsidiary of Antong Holding 600179.SS ($1 = 1.3300 Australian dollars)

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GRAPHIC: Cokal share price

http://reut.rs/2AuC6b0

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.