Articles On Cokal (ASX:CKA)

December winner Meteoric Resources sees a non-executive director buy 6 million shares Northern Star Resources and Chalice Mining directors sell in December for tax obligations Johns Lyng Group COO Lindsay Barber sells 4 million shares, ~3...

Efforts to develop zero emissions steel are at an early stage Fortescue Metals Group backs new attempt to use low grade iron ore in green steelmaking Coal exports are forecast to outstrip iron ore for the next two financial years Green st...

Fortescue Metals Group boss Andrew Forrest says green energy focused FMG will pursue value over volume in flagship iron ore business Actually also looking to increase volumes, with new high grade mine in Pilbara and African exploration pus...

Iron ore prices posted a recovery on Monday as China relaxed some of its previously steadfast Covid measures Steel mills are still loss-making in China, with a real bounce in demand needed to bring prices back above US$100/t But experts sa...

AQC faces roadblocks in its bid to revive Dartbrook coal mine, while New Hope gets approval for New Acland coal extension after 13 years New coal supply is slowly emerging, but the market is expected to remain tight with wet weather expect...

Iron ore miners are funding a wave of new developments, despite red flags in the Chinese steel market While miners are long term bulls, the short term outlook is clouded by China’s economic issues and Covid Zero policy The gap between low...

Cokal (CKA) begins producing saleable coal at its 60-per-cent-owned Bumi Barito Mineral (BBM) mine in IndonesiaThough initially scheduled for September, CKA says production has now officially begun, and product coal is being stockpiled at t...

ASX to rebound as Wall St rallied across the board overnight Asset prices rose in Europe and US as new UK chancellor Jeremy Hunt reversed the previously announced tax cuts RBA Deputy Governor Michelle Bullock will speak today Local share...

BHP says cumulative steel demand in the next 30 years will double that of the last 30, arguing the commodity will be a net beneficiary of decarbonisation and climate change The changing environment alone could drive increase in demand equa...

Iron ore prices received a bump after Covid lockdowns in Chengdu were relaxed But they quickly retreated, with analysts saying a decision on whether to end China’s Covid Zero policy could be a big turning point for the commodity Like it or...

Highlights: The ASX 200 benchmark index closed 2.58% down to end at 6,828.60 points today (as of 4:17 PM AEST, 14 September 2022). Over the last five days, the index has gained 1.48%, but is down 8.27% for the last year to date. All 1...

Cokal (CKA) reports a new milestone at the Bumi Barito Mineral (BBM) coking coal mine in Indonesia The company’s contractors have now begun overburden removal in the Pit 3 Mining AreaThe haul road is continuing to be upgraded, while the Kra...

It’s the canary in the, well, you’ve probably read enough of these by now to know the idiom. For iron ore prices that is steel production in China and downstream demand from things like car production, infrastructure and property developme...

Mineral Resources and global partners approve $3bn Onslow iron ore mine day before prices drop below US$100/t Chinese steel giant Baowu will both have a stake in the mine and market up to 75% of MinRes’ product Coal prices remain ridiculou...

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Highlights: The ASX 200 benchmark index closed in red today (23 August), losing 1.21% to end at 6,961.80 points. Over the last five days, the index has lost 2.02% and 7.05% over the last 52 weeks. Eight of 11 sectors ended the day in...

Cokal’s (CKA) first sealable coking coal production from the Bumi Barito mineral coking coal mine in Indonesia is on track for September 2022 The site, held jointly by Cokal and the Government of Indonesia, is being rapidly developed, with...

Carl Capolingua is the only Australian technical analyst you will meet in this story. He works by candlelight at ThinkMarkets and lives with the little candelabrums in the western state that does what it wants, where they admire his unique...

Coal miners will be watching international markets closely tonight as a ban on Russian coal proposed by the European Commission back in April comes into effect. Ever since Russia’s invasion of Ukraine, the frailty of European energy markets...

Cokal (CKA) appoints PT. Citarum Borneo Quantum (CBQ) as an additional mining contractor to provide services at the Bumi Barito mineral coking coal mine in Indonesia Under the contract, CBQ will perform open pit overburden mining services...

Goldman Sachs analysts say iron ore prices could drop faster than expected on bearish steel sentiment But iron ore prices have strengthened as steel margins have improved and Chinese authorities have moved to support its property market an...

The ASX 200 ends ever so slightly up, XEC finds 0.4% Gains in consumer discretionary, tech offset big losses for energy, resources, materials. South Korea, Kiwi’s lift rates ahead of tonight’s US CPI read Investors are facing crunch time...

Cokal (CKA) appoints Director Karan Bangur as CEO as part of its strategic transition towards a coal-producing company, effective immediately Chairman Domenic Martino says the appointment pointed towards the strength and depth of the team...

Fenix Resources boss Rob Brierley says weakness in iron ore supply means prices will be set by demand Iron ore futures in Singapore hit 2022 low as China’s steel mills drop prices Coal miners begin to look cheap again as thermal prices pic...

June was a dreadful month for resources stocks. The S&P/ASX 200 Materials index (XMJ) went into freefall, shedding a substantial 14%. The XMJ is currently looking at a year-to-date loss of ~10%. Part of the fall can be attributed to an...

Cokal (CKA) has announced James (Jim) Coleman has resigned as CEO after four years The company says Mr Coleman hasn’t been able to be closely involved in its operations in Indonesia due to being stranded in Australia during the covid perio...

Fenix Resources buys out haulage JV to take control of logistics, mimicking the structure of the Pilbara majors Rio Tinto opens 43Mtpa Gudai-Darri mine in the Pilbara as junior Strike prepares first shipment from Paulsens East Queensland c...

Cokal (CKA) continues to make progress on the development of the Bumi Barito Mineral coking coal mine in Indonesia Initial operations will see coal transported from Krajan via a floating crane placed at the Batu Tuhup jetty Once the jetty...

Iron ore miners suffered a heavy sell-off yesterday as commodity prices fell on fears of Covid lockdowns in China Iron ore and steel market observer Mark Eames says there is more upside than downside thanks to the tight supply-demand balan...

Cokal (CKA) is moving towards coking coal production at the Bumi Barito Mineral mine in Indonesia The company accelerated activities for easier access to Pit 3, with road and jetty development scheduled to be complete by June 20 CKA is con...

Australia’s biggest bank has upgraded its long-term iron ore and coking coal forecasts in response to Covid, Chinese commodity demand and Russia But high energy prices could drive investment in decarbonisation, clouding the outlook for the...

China’s Covid Zero policy has seen analysts knock down economic forecasts Bad news for sentiment in steel and raw materials, with iron ore futures tumbling in afternoon trade Coal prices remain freaking high A precipitous slide in Asian i...

WoodMac sees pathway for steel industry to reduce emissions 30% by 2050 Transition will require shift away from blast furnace to scrap-based electric arc furnace steelmaking Despite Chinese strong steel output in April, Commbank sees suppo...

Iron ore miners have been looking fragile over the last week, clawing to hopes of a second half revival in the Chinese economy as the impact of its Covid lockdowns worsen. Prices remain relatively high compared to major producer margins, wi...

Stanmore has completed its ambitious US$1.2 billion ($1.7b) acquisition of BHP’s Poitrel and South Walker Creek coal mines Its founder Nick Jorss is aiming to repeat his success at new coal producer Bowen Coking Coal Jorss says steelmaking...

Central Banks have their fingers on the fun button this week, and the markets are pricing in the big push. The Emerging Companies Index (XEC) has been sunk on day dot, down 2.3%. The S&P/ASX 200 index was down 1.2% at 4.15pm, with this...

China’s steel output has shown signs of life, building throughout the first quarter of 2022 after collapsing to its slowest rate in four years in October and November 2021. That came despite widespread curbs on mill output due to the Winter...

Iron ore and coal to drive $425 billion windfall for resources exports in 2021-22 according to Canberra forecasters India removes tariffs on Aussie coal exports as part of free trade deal Coal prices start to normalise (kinda), with premiu...

Australian companies are lining up to deliver new high grade iron ore mines in a bid to capture tailwinds from the need to reduce emissions across the sector. This week no less than three studies have been released by ASX-listed juniors, ta...

Analysts tipping a major correction in the coal price by the end of 2022 have changed their tune after Russia’s war with Ukraine blew up the market. Prices have confounded belief, with tightness in the seaborne segment of the coal market bo...

Coal prices have bounded to new record highs on Russia’s invasion of Ukraine, extending the bonanza Australian based coal miners have enjoyed since the middle of last year. The stunning turnaround in metallurgical and thermal coal prices ha...

Back before the last mining boom buying a tonne of iron ore was little more than a trip to the corner store, with the bulk commodity fetching prices in the range of US$30/t. When Chinese steel production and industrial growth began to overt...

In one of the big iron ore headline makers of the past month the WA Government has released its new plan for Port Hedland, the world’s largest iron ore export hub. The Pilbara Ports Authority has already pushed its export rate beyond the 49...

Iron ore is in familiar territory right now. Talked down by analysts who predict it is due for a dive, the headline Australian commodity has been defiant in 2022 so far. Despite the column inches expended on the rise in crude oil prices so...

The Pilbara iron ore miners are facing business pressures on a number of fronts, including the on again, off again story around the reopening of WA’s Covid border. The WA Government’s decision to delay its planned February 5 reopening inde...

The iron ore market does not offer the simple narrative that it did in the first two decades of the 21st century nor that of the suite of “green metals” like lithium, nickel and copper now hitched to electric vehicle sales and efforts to ma...

The threat of supply disruptions across base metals and iron ore as well as continued strength in gold prices have proven a perfect storm for the materials sector. On a red letter day gold prodded US$1830/oz, iron ore packed on the pounds t...

The ASX closed for the Christmas break on a high, with its biggest weekly gain since the first week of November. Despite today being a shortened trading day the ASX gained 0.50%, taking its weekly gain to 1.66%. All sectors enjoyed gains bu...

Cokal (CKA) wants to amend its coal marketing deal with International Commodity Trade (ICT) allowing the company to directly acquire coal from the ASX-lister Cokal’s subsidiary signed an International Coal Marketing Agreement with ICT in J...

Coal mining is hardly popular but governments around the world, most of whom have promised to work to reduce the impacts of climate change, can’t get enough of it. It may be getting harder to finance and gain approval for mining coal, the b...