Cokal Limited to start shipping of coal from Krajan Jetty to Market

Cokal Limited (ASX: CKA) provided an update regarding the transport of product coal to market and the first coal sales for the company. The company will start loading coal at the Krajan Jetty within days, and it will be transported to BBM Permanent jetty at Batu Tuhup, where it will be stocked. Coal stored at Batu Tuhup Jetty will be sold in the domestic market under the previous off-take agreement with PT Sumber Global Energy as per the underlying contractual terms.

Cokal Limited also said that coal loading at the Krajan Jetty has been a little late due to unexpectedly low water levels in the upper Barito River, which have now almost alleviated. The company has made significant progress in developing the Mohing Access Road to the Batu Tuhup Jetty, which is anticipated to be working by early March 2023.

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