Cokal and EMEM in Mozambique JV
Australian explorer Cokal and Mozambique’s nationally owned Empresa Moçambicana de Exploração Mineira (EMEM) have formed a JV to explore and potentially develop projects.
Cokal is a Brisbane-based, ASX listed company focused on metallurgical coal. It is currently exploring in central Kalimantan, Tanzania and in the Clarence - Moreton, Surat and Bowen basins.
Executive chairman Peter Lynch said “Mozambique is poised to become Africa’s top coking coal producer and a major player in the world coking coal market.
“This [JV] follows the discovery of significant resources and reserves of hard coking coal preceded by major exploration programs by international mining companies including Vale and Riversdale.”
Cokal executive director, Pat Hanna said “my experience in Mozambique gives us confidence in identifying and developing coking coal resources in this large, new, emerging coking coal basin.”
Cokal commenced business as private company Jack Doolan Capital (JDC). In 2010 JDC was bought by the publicly owned Altera Resources (AEA), and the board of JDC took control of AEA and renamed the company Cokal in 2011.