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Monday, 16 November 15
KOMIPO INVITES BIDS FOR 1.295 MILLION TONS OF BITUMINOUS COAL FOR Q1 - Q2'16
KOMIPO logoCOALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 1,295,000 Metric Tons (MT) of minimum 4,600 kcal/kg NAR coal (420k), minimum 5700 kcal/kg NAR coal (375K) and minimum 5300 kcal/kg NAR coal (500K) for Q1-Q2 2016 loading for Boryeong Power Plant.

The total 375,000 tons of 5700 kcal/kg NAR coal is required to be loaded in 2 cape size ships for Jan 2016 loading, the total 500,000 tons of 5300 kcal/kg NAR coal is required to be loaded in 4 cape size ships for Q1 and Q2 2016 loading and the total 420,000 tons of 4600 kcal/kg NAR coal is required to be loaded in 6 Panamax size ships for Jan - March 2016 loading on fixed price from Single mine on FOBT basis.

According to tender, Bidders are required to offer for 1st contract year (Jan 2016~June 2016). The Price for the 2nd contract year (July 2016~June 2017) and 3rd contract year (July 2017~June 2018) will be negotiated by mutual agreement.

KOMIPO requires the suppliers to offer coal with the quality such as total moisture (as received basis) max. 28%, volatile matter (air dried basis) min 22 and max 45%, fixed carbon (air dried basis) max 60%, total sulfur (as received basis) max 1% and Ash (air dried basis) max 17% for minimum 4,600 kcal/kg coal on NAR basis while requirement for minimum 5,700 kcal/kg coal on NAR basis, the total moisture (as received basis) should not more than 15%, volatile matter (air dried basis) min 22 and max 36%, fixed carbon (air dried basis) max 60%, total sulfur(as received basis) max 1.0% and Ash (air dried basis) max 17%.

According to tender terms, the Chinese and Russian coals are not allowed to participate in this tender.

Submissions of bids should not later than 14:00hrs on November 20, 2015 (Korean Standard Time).

The Bid documents can be submitted in person, by mail or courier to the address below not later than the deadline to
Mr. Min-Soo Kim,
General Manager / Fuel & Resource Team,
Smartwork center Seoul Power Plant,
Korea Midland Power Company Limited,
56, Tojeong-ro, Mapo-gu,
Seoul, Republic of Korea


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Tuesday, 24 November 15
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Monday, 23 November 15
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Monday, 23 November 15
CS50 COAL INDEX CLOSED AT $40.27 PER TON; FELL 0.15% FROM LAST WEEK
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