SEOUL, Jan 29 (Reuters) - Korea Midland Power Co Ltd (KOMIPO) bought Australian and Indonesian bituminous coal via two spot tenders and one term tender that closed on Jan. 26, a source from the utility said on Friday.
Details of the purchases are as follows:
-- Spot tender
TONNES(M/T) SPECIFICATION(NAR) PRICE SUPPLIER ORIGIN
125,000
min. 5,700kcal/kg $45
CMS
Australia
125,000
min. 5,700kcal/kg $45
CMS
Australia
-- Term tender
TONNES(M/T) SPECIFICATION(NAR) PRICE SUPPLIER ORIGIN
280,000
min. 4,600kcal/kg $42
KCH
Indonesia
* Note: NAR stands for Net As Received. The contractual period for the term tender is from March 2016 to June 2018.