Cokal Limited announced the appointment of Karan Bangur as Chief Executive Officer (CEO). Mr. 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. Projects include: Thermal coal mine operations in Tanah Grogot, East Kalimantan in the capacity of the financier. Operating fleet of HEMM (Heavy Earth Moving Equipment) in thermal coal mine project in Tarakan, North Kalimantan in the capacity of the owner.

Evaluation and planning of Iron Ore, Bauxite Ore and Graphite concentrate recovery projects in Indonesia. Development and operating Iron Ore tenement in Malaysia including HEMM fleet management and rental services. Logistics and port development in Indonesia and other parts of SE Asia.

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.