It is not only that.
Cokal is operating their mine in one of the poorest areas of Indonesia (and by that extensions of the world)
70% of their current workforce is local Dayak people and having a livelihood has huge implications for not just the 70 Odd people employed but also for the flow on effect it has on the supporting infrastructure.
The local politicians/influencers of the area also have had meeting with the management and have extended their support. While offtake remains the bottom line requirement for getting this done - having a social license to work in that area is equally important. I have put money in companies operating in Thailand etc and the government shut them down willy nilly because of poor relations with the locals. Cokal on the other hand have a good working base to build on and have been offered soft support from these local authorities.
this is the first mine to start in the region in the last 5 yrs - its a big deal
@dannyleb - heard anything new on production/barging etc ?
CKA Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
