SYDNEY, AUSTRALIA: Cokal Limited (ASX: CKA) announced the appointment of Karan Bangur as Chief Executive Officer (CEO).
Karan Bangur was appointed a Director of the Cokal Ltd on 10 April 2019 and retains this Directorship in addition to this new appointment as CEO.
Mr Bangur has over a decade of experience in operating mining and logistics projects in South East Asia. He is well experienced and familiar with Indonesian mining and general laws relating to on ground operations due to his experience in several projects in Indonesia.
Since his appointment at Cokal, Mr Bangur has been instrumental in recruiting and developing the highly experienced team at Cokal and BBM. In addition, he has driven the development milestones for the BBM project including, contract awards, logistics chains and operating requirements and resources.
At a corporate level he has worked closely with Cokal’s chairman in raising equity from the capital markets and finalising the financing facilities necessary to bring BBM to production.
Mr Bangur has been a key player in the day to day operations of the mine site as well as direct involvement in the corporate requirements of the Company. He is well known to shareholders, investors and market participants as one of the key faces of the Company and has participated fully in the development and promotion of the Company.
Chairman of Cokal Ltd Mr Domenic Martino said “The appointment of Karan, an internal candidate, points to the strength and depth of the team built at Cokal Ltd over the past 4 years. Karan’s experience on the BBM project is second to none and in his time with the Company he has been instrumental in navigating the technical, logistical and financial requirements of the Company’s foundation project. The Board has great confidence that under Karan’s leadership it will see a transition to a producing coal company.
Cokal Limited (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal.