trending Market Intelligence /marketintelligence/en/news-insights/trending/2ABghGN0eVR5rKi7x_wjqw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Aahana Global to purchase 19.9% stake in Cokal

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Aahana Global to purchase 19.9% stake in Cokal

Aahana Global Resources & Investment Pte. Ltd. will own about 19.9% of Cokal Ltd. by purchasing the company's shares owned by the Platinum funds, which are in receivership and liquidation.

The Karan Group-owned special-purpose vehicle agreed in August 2018 to fully fund the construction and operation of the BBM PCI coal mine, part of the company's BBM coal project in Indonesia, in exchange for a 40% joint venture interest.

Following the share purchase, Aahana intends to participate in the BBM project's development and assist Cokal in arranging the necessary financing facilities for its capital expenditure on the BBM project.

The Karan Group operates two thermal coal mines in Indonesia's East Kalimantan and Central Kalimantan regions.

The agreement is conditional on Aahana being able to nominate two directors to Cokal's board.