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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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Recent News

Monday, 09 November 15
INDIAN THERMAL COAL IMPORTS SURGED 18%; COKING COAL 6.31% DURING APRIL-OCTOBER: BUSINESS-STANDARD
Indian thermal coal imports surged 18% at the country's top 12 major ports to 55.90 million tonnes (MT) in the first seven months of the curren ...


Sunday, 08 November 15
THE FREIGHT MARKET KEEP DROPPING THIS WEEK - VISTAAR
COALspot.com: The freight market keep dropping this week. The BDI down 12.48 percent week on week and closed at 631 points on 6 November 2015. ...


Sunday, 08 November 15
CAPESIZE FREIGHT RATES IN AUSTRALIA-CHINA ROUTES OVER 50% CHEAPER THAN BRAZIL-CHINA ROUTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China’s mining and steel industries are facing tectonic shifts over the past couple of years, with the country’s limiting of coal use, ...


Friday, 06 November 15
COAL PRODUCTION IN THE U.S. FELL SHARPLY FOR THE WEEK ENDING OCTOBER 31
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.6 million shor ...


Thursday, 05 November 15
Q2'16 INDO THERMAL COAL SWAP CONTRACT FOB INDONESIA FALLS TO $39.90/T
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week. Price of coal seen no improvements this past we ...


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