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S.Korea's KOMIPO buys 1.13 mln T of coal for Q2

Published 13/02/2017, 05:34 pm
© Reuters.  S.Korea's KOMIPO buys 1.13 mln T of coal for Q2

SEOUL, Feb 13 (Reuters) - Korea Midland Power Co Ld (KOMIPO) bought a combined 1.13 million tonnes of coal for shipping in the second quarter via a tender that closed on Friday, a source from the utility said on Monday.

The utility purchased a total of 640,000 tonnes of high calorific coal from Australia and a combined 490,000 tonnes of low calorific coal from Indonesia, the source said.

The source declined to give price and seller details, but other details of the purchase are as follows:

TONNES(M/T) SPECIFICATION(NCV)

SHIPPING SCHEDULE

130,000 X 3 min. 5,700 kcal/kg

April 2017

125,000 X 2 min. 5,700 kcal/kg

Q2 2017

70,000 X 3 min. 4,600 kcal/kg

April 2017

70,000 X 4 min. 4,600 kcal/kg

Q2 2017

*Note: NCV stands for Net Calorific Value.

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