COAL industry professional and investor Matthew Latimore of M Resources has taken $5 million of a $16 million placement by Cokal to accelerate metallurgical coal production at its flagship Bumi Boarito Mineral project in Indonesia.
It provided Cokal with additional deep expertise and contacts in metallurgical coal markets.
The funds raised will be used to develop the transport infrastructure required to support BBM's ramp-up of saleable production capacity to 2 million tonnes per annum. The addition of M Resources to...
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