** Shares of Cokal CKA.AX soar much as 12.9% to A$0.079, set for their best day since late October - if current gains hold
** Iron and steel producer says it has signed a partnership agreement with commodities and investments house Cratus Group
** Says partnership to maximise the value of its Indonesian coal assets
** Says it will establish a 50-50 joint venture to increase capacity and efficiency of coal transport infrastructure; Cratus to inject $20 mln into JV
** Shares hit highest level since Nov 11
** Stock had fallen ~34.2% this year, as of 2333 GMT
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))
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