中文
Cokal, an Indonesia-focused coking coal producer, is set to make its first sales as customers' barges will collect cargoes from the Batu Tuhup jetty. The cargoes will be delivered once water levels on the Barito river in Kalimantan are deemed safe.
The first buyer is Indonesian PT Sumber Global Energy and the coal grade the company bought is PCI coal.
Cokal recently commissioned a coal screening plant at Batu Tuhup to enhance quality and increased stockpile capacity.
Development of the Batu Tuhup Permanent Jetty has progressed significantly, providing for enhanced metallurgical coal quality from BBM Seam J production, Cokal Executive Chairman Domenic Martino said.
Martino said barges from domestic customers would proceed to Cokal's Batu Tuhup Jetty to load BBM coal as soon as water levels in the Barito River between Batu Tuhup Jetty and Muara Teweh returned to safe operating levels.
"Revenue will be realised by Cokal upon the loading of BBM coal onto these barges at the Batu Tuhup Jetty," he said.
Cokal, an ASX listed coal company, owns 60% of the BBM project, which is located in the Central Kalimantan of Indonesia with multiple seams of high-quality metallurgical coal.
(Writing by Rebecca Liu Editing by Harry Huo)
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