Cokal Limited's recent coal shipment update

Cokal Limited (ASX: $CKA) has successfully received payment for the loading of 7,500 tonnes of product coal onto barges at the Batu Tuhup Jetty. Two barges have arrived at the jetty and commenced the loading process for the shipment of high-grade thermal coal to Sumbar Global (SGE) as per the existing offtake contract. The company has received 50% of the coal value from SGE and is set to receive the balance upon the coal's delivery to the Taboneo Anchorage.

Executive commentary on recent developments

Cokal Limited is pleased to announce the successful commencement of loading of product coal onto barges at the Batu Tuhup Jetty. This marks a significant milestone in our ongoing partnership with Sumbar Global and reinforces our commitment to delivering high-quality thermal coal to our customers. We are confident that the completion of this shipment will further strengthen our position as a reliable supplier in the global market.

Summary of Cokal Limited's recent announcement

Cokal Limited (ASX: $CKA) has received payment for the loading of 7,500 tonnes of high-grade thermal coal onto barges at the Batu Tuhup Jetty. The successful commencement of the shipment to Sumbar Global (SGE) underlines the company's commitment to fulfilling its offtake contracts and expanding its global presence as a metallurgical coal producer. With ongoing monthly customers for BBM Coking Coal, Cokal remains optimistic about its future prospects and aims to continue its contributions to the global coal market.