Published by
Joseph Green,
Editor
World Coal,
According to a source from the company, Korea Southern Power Co Ltd has bought 148 000 t of Indonesian sub-bituminous coal for July shipment via a tender closed on 14 May.
The South Korean company initially intended on purchasing a total of 308 000 t of steaming coal via two spot tenders but passed on one.
Edited from source by Joseph Green. Source: Reuters
South Korea is set to import 30 000 t of Russian coal this month through North Korea’s Rajin port.
South Korea and Indonesia have agreed to work together to develop coalbed methane projects.
A tax on coal imports for power generation will be introduced by the South Korean government in July.
South Korea, the second largest importer of Australian coal, will reduce its dependence on the fossil fuel as part of a wide-ranging plan to green its economy.