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Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12


Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to the tender documents viewed by Reuters on Thursday.

Trade sources had told Reuters earlier on Thursday the Federal Electricity Commision, known by its Spanish acronym CFE, was seeking just under 7 million tonnes of coal.

An information meeting with interested bidders will be held on Oct. 30. Bids will be opened on Dec. 16 and contracts are expected to be awarded by Dec. 18, according to the tender documents.

The CFE is seeking two lots of minimum 6,200 kcal/kg coal totaling 4.81 million tonnes for delivery to Mexico's Pacific coast between 2010 and 2012.

The company is also seeking a 1.17 million tonne lot of minimum 5,900 kcal/kg coal for the same period and 260,000 tonnes of minimum 6,300 kcal/kg coal for delivery in 2010.
Pricing for all the coal will be linked to the API2 index, adjusted for quality.

CFE's last tender was awarded in April to RWE Trading, Glencore, Vitol, Noble Group and a local company at prices of $71 to $84 per tonne CIF.
Source: Reuters



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