News Room - Business/Economics

Posted on 07 Nov 2023

Cokal expects first coal sales from BBM soon

Australian coal miner Cokal is expecting the first coal sales from the Bumi Barito Mineral (BBM) metallurgical coal mine in Indonesia to be achieved as soon as water levels in the Barito River rise to safe operating levels, Kallanish notes.

Cokal says in a statement that barges from domestic customers will 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) return to safe operating levels.

Revenue will be realised by Cokal upon the loading of BBM coal onto these barges at the Batu Tuhup Jetty.

It also forecasts that near-term rain events will alleviate unseasonably low water levels in the Barito River, allowing barges to reach the Batu Tuhup Jetty.

It notes that the coal screening plant has successfully been commissioned at the Batu Tuhup Jetty, providing for enhanced metallurgical coal quality from BBM Seam J production.

It also adds that the development of the Batu Tuhup Permanent Jetty has progressed significantly, with the truck maintenance workshop commissioned, and civil foundation works for the coal conveyor system also progressing.

Development of additional coal stockpile capacity is also underway to accommodate increased tonnage

In addition, initial necessary infrastructure for the ability to load coal 24hrs/day is being developed and finalised.

Source:Kallanish