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Cokal transfers management to Indonesia

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World Coal,

Cokal has almost completed its transfer of management and administration functions to Indonesia, the ASX-listed coal junior said in a statement.

The company also announced a number of organization changes with Gerry Kielenstyn being elevated to the role of Chief Operating Officer with responsibility for the day-to-day running of the company. As a result, Cokal’s CEO, Peter Lynch, will transition to the role of Non-Executive Chairman.

In this role, Lynch will focus on the strategic direction of the company and its development, as well as the ongoing discussions on the financing alternatives, the company said.

Kielenstyn has been Indonesian Country Manager/President of PT Cokal since May 2013 and has been based in Indonesia since 1974.

In addition, the company said Moosa Fense would step down from its role as Chief Financial Officer to be replaced by Teuku Juliansyah, who is currently the Finance Manager – Indonesia at Cokal. Juliansyah is a registered accountant with the Indonesian Ministry of Finance and worked for PricewaterhouseCoopers before joining Cokal.

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