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Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED


Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, according to industry sources.

Komipo is understood to be targeting a price of $62- 63/mt basis 6,080 kcal/kg NAR in the tender. The coal, for delivery in September to December, should have a heating value of 5,000 kcal/kg NAR.

Komipo will shortlist bidders Wednesday before starting negotiations for lower prices, sources added.

Bidders in the tender include Glencore, Kaltim Prima, LG, SUEK, Tanito Coal, Flame, Bulk Trading, Vitol, Macquarie and Adaro.


 



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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
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Wednesday, 13 May 09
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Tuesday, 12 May 09
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Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
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Tuesday, 12 May 09
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Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...


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