Cokal has announced the production of its first saleable metallurgical coal from the Bumi Barito Mineral (BBM) mine in Indonesia.
Cokal, which initially said production would begin in September, is now stockpiling product coal at the site for transport and is aiming to receive first revenue from the tonnage by the middle of next month.
The miner has forecast that, by the end of this year, it will have between 150,000 and 200,000 tonnes of saleable coal. In the meantime, its mining contractor is set to add an extra shift to its schedule by the end of the month to further ramp up production levels.
For 2023, Cokal is eyeing 1.6 Mt on its way to its nameplate capacity in 2024 of 2 Mt.
BBM, located in the central Kalimantan province, is 60% owned by Cokal, with the balance held by the country’s government. The open-pit asset’s permit covers an area of 14,980 hectares within the highly prospective Central Kalimantan coking coal basin, adjacent to Indomet’s extensive coking coal tenements.
Source: The Market Herald