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Shipment of the coal is scheduled for next week, Jatenergy said today.
The contract follows on from a 4000t coal sale contract from its Jongkang mines, which was shipped earlier this month.
The latest Jongkang sales contract is to be delivered in two barge loads, and involves a market-based free-on-board price for 6.5 thousand calories per kilogram specification coal.
Jatenergy chief executive officer Phil Hodgson said the latest coal sales agreement cemented the company’s place in the Indonesian coal export market.
“These continued sales underscore buyer confidence in our ability to reliably deliver good quality thermal coal from our operations,” Hodgson said.
“We are now a fully-fledged coal operator in Indonesia – something very few other Australian coal companies operating there can claim.”
Jatenergy has banked more than US$230,000 in revenues from its March sales.
The company will inject the revenue from the coal sales into its Katingan project in Central Kalimantan, as well as to secure and develop larger short-to-production projects now under review in Indonesia.
In addition, Jatenergy said it was advancing mine development plans for its Atan Bara project, with drilling and topographical surveys nearly completed for an initial mine plan.
“We remain on track to start mining coal during the third quarter of this year from that project,” Jatenergy chief operating officer Chris Flanagan said.
