450 000 t coal purchased by South Korea's WP

A grand total of 450 000 t of coal for shipment was purchased by Korea Western Power Co Ltd for July via three tenders which closed on 30 April.

The South Korean group bought 160 000 t of Australian bituminous coal with a minimum net calorific value of 5200kcal/kg from an Australian trader to be supplied from Clermont coal mines priced around US$54 free-on-board.

The utility also purchased 220 000 and 70 000 tonnes of Indonesian sub-bituminous coal with a minimum NCV of 4600kcal/kg from Glencore International AG and Flame S.A., respectively, priced under US$54 FOB.

Consignments will be loaded in July and shipped to the Taean port.

Edited from source by Joseph Green

Source: Reuters

Read the article online at: https://www.worldcoal.com/coal/07052015/tonnes-coal-purchased-south-korea-wp-2245/