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S.Korea's KOMIPO buys 80,000 T coal, WP seeks 220,000 T

Published 08/08/2016, 06:36 pm
Updated 08/08/2016, 06:40 pm
© Reuters.  S.Korea's KOMIPO buys 80,000 T coal, WP seeks 220,000 T
GLEN
-

SEOUL, Aug 8 (Reuters) - Korea Midland Power Co Ltd (KOMIPO) bought 80,000 tonnes of anthracite coal via a tender that closed on Aug. 5 for September shipping, a source from the utility said on Monday.

The utility purchased the coal product from Australia, the source added.

Korea Western Power Co Ltd (WP), another state-run utility, is seeking to buy 220,000 tonnes of steaming coal for shipping between October and November, the utility said on its website (https:www.iwest.co.kr/eng/).

The tender will close at 11 a.m. (0200 GMT) on Aug. 12.

Details of the KOMIPO's purchase and the WP's tender are as follows:

--KOMIPO purchase

TONNES(M/T)

PRICE(FOB/T)

SUPPLIER

80,000

around $57

Glencore (LON:GLEN)

--WP tender

TONNES(M/T) SPECIFICATION (NCV) SHIPPING SCHEDULE

110,000 min. 5,800 kcal/kg

Oct. 21 - Nov. 10, 2016

or

Nov.1-20, 2016

110,000 min. 5,800 kcal/kg

Nov.1-20, 2016

or

Nov. 5-25, 2016

*Note: NCV stands for Net Calorific Value. The earliest shipping schedule of coal cargo is for loading at Colombian port and the latter at Western Russian ports.

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