Key Highlights

  • Cokal shares touched a 52-week low during the session on Monday 9 November 2026 and closed at $0.032, down 8.57%.
  • Repayment of the US$20 million Capital Sum was extended by three years, to 15 January 2030.
  • Mining was significantly constrained in the quarter pending Phase 2 RKAB approval, which was received in mid-September 2026.

Cokal Ltd (ASX:CKA) touched a 52-week low during the Trading session on Monday, 9 November 2026, and closed at $0.032, down 8.57%. Cokal's main asset is the Batu Tuhup coal project in Indonesia.

Latest Development: Quarterly Report, 30 October 2026

Cokal released its Quarterly Report for the three months to 30 September 2026 on 30 October 2026. Mining activities were significantly constrained during the quarter while Phase 2 RKAB approval was pending. That approval was received in mid-September 2026.

The company said mining was to recommence in October 2026 and hauling resumed in October. The next shipment is tentatively scheduled for mid-November 2026, subject to river conditions.

BBM and International Commodity Trade agreed amendments that defer monthly fees, with interest accruing at 10% per annum over the deferral period. Repayment of the US$20 million Capital Sum was extended by three years.

Infrastructure and Operations

Road upgrade works with Petrosea progressed on the Krajan Jetty to Pit 3 and to KM52. Additional workers' camps, workshop and office facilities were completed at both the Batu Tuhup jetty and the mine site.

Sector Context

Indonesian coal producers face regulatory changes, export logistics and river-dependent haulage, which can affect shipment timing and costs.

Risks and What to Watch Ahead

Mining was constrained for much of the quarter, and shipments depend on river conditions. Indonesia's mining regulatory framework is also changing.

Watch items include the November shipment, the pace of production ramp-up and the status of the capital repayment arrangements.

Final Word

Cokal's quarterly report describes constrained mining in the quarter, extended financing terms, and a restart of mining and hauling in October.