SEOUL, Nov 1 (Reuters) - Korea Midland Power Co Ltd (KOMIPO) KEPCOM.UL bought a total of 780,000 tonnes per year of coal via a three-year term tender that closed on Oct. 28, a source from the utility said on Tuesday.
The utility purchased 500,000 and 280,000 tonnes per year of coal from Indonesia and Australia, respectively.
Other details are as follows:
TONNES/Y
SPECIFICATION(NCV) SUPPLIER PRICE(FOB/T)
125,000 x4 min. 5,700 kcal/kg Glencore (LON:GLEN) $83
GLEN.UL
70,000 x4
min. 4,600 kcal/kg Mercuria $80
*Note: The contract period is from December 2016 through December 2019.