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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN


Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal for its Jerada plant in the north of the country, well in advance of the early September bid deadline.

ONE requires three 38,000 mt shipments for delivery in November and December 2009 and January 2010 on a CIF Nador basis. Bids are due by September 2. Sources said that while the Jerada plant can usually take mid-volatile South African or Russian coal, the current high spot price of Richards Bay FOB material at over $60/mt would more than likely give suppliers of Russian coal the advantage in the tender.



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