S.Korea's KOMIPO buys 114,000 tonnes of coal for June-July

GS Global

29/05/2014 03:36

SEOUL, May 29 (Reuters) - Korea Midland Power Co Ltd 
(KOMIPO) bought 114,000 tonnes of bituminous coal for shipment 
between June and July via a tender closed on Tuesday, a source 
from the utility said on Thursday. 
    The utility had initially sought 60,000 tonnes of coal, but 
bought more according to the source. It purchased Australian and 
Russian coal products from Glencore and GS Global Corp 
 001250.KS  at $83 per tonne on average on a cost-and-freight 
(CFR) basis for 6,080 kcal/kg (NAR), the source added.  
    Details of the tender are as follows: 
    TONNES  SPECIFICATION(NAR) PRICE(CFR/T) SHIPPING SCHEDULE 
    114,000 max 6,000 kcal/kg  $83          June 1-July 10, 2014 
    * Note: NAR stands for Net As Received and the procurement 
for Seocheon Power Plant will arrive at Gwangyang or Incheon 
Port. 
 
 (Reporting By Kahyun Yang; Editing by Anupama Dwivedi) 
 ((kahyun.yang@thomsonreuters.com)(+82 2 3704 5648)(Reuters 
Messaging: kahyun.yang.thomsonreuters.com@reuters.net)) 
 
Keywords: COAL SOUTHKOREA/TENDER