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Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
KOMIPOCOALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its Boryeong Power Plant.

Bidders are requested to offer with quotation in a fixed price up to feasible amount of coal in lots of 250k MT(125k x 2) of 5,700 kcal/kg NAR coal for July-September 2016 delivery either on FOBT or CFR basis at bidder’s choice, 250k MT (125k x 2) of 5,700 kcal/kg NAR coal for July-September 2016 delivery on FOBT basis (only Colombian coal allowed) and 210K MT (70k ×3) of 4,600 kcal/kg NAR coal for July 2016 delivery (Russian and Chinese origin coal are not allowed) on FOBT basis.

KOMIPO requires suppliers to offer Bituminous Coal with the quality such as total moisture (as received basis) max. 15%, volatile matter (adb) 22 – 38%, total sulfur (arb) max 1% and Ash (adb) max 17% and Min 5,700 - Max 6,100 kcal/kg on Net Calorific Value.

KOMIPO also requires the supplies of  Min 4,600 NAR coal with the quality such as total moisture (arb) Max. 28%, volatile matter (adb) 22 – 38%, total sulfur (arb) max 1% and Ash (adb) max 17%.

Submissions of bids should not later than 14:00 hrs on May 4, 2016 (Korean Standard Time).

The Bid documents can be submitted in person, by mail or courier not later than May 4, 2016 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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Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs ami ...


Thursday, 14 April 16
DRY BULKERS' PRICES COULD BE HEADING UPWARDS AS BUYERS' APPETITE INCREASES - HELLENIC SHIPPING NEWS
Investment sentiment is beginning to trend upwards in the market for second hand dry bulk carriers. According to the latest weekly report from ship ...


Wednesday, 13 April 16
U.S COAL PRODUCTION IS EXPECTED TO DECREASE BY 16 PER CENT IN 2016; THE LARGEST ANNUAL PERCENTAGE DECLINE SINCE 1958 - EIA
EIA estimates that U.S. coal production in March 2016 was 52 million short tons (MMst), a 2 MMst (4%) decrease from the previous month and 29 MMst ...


Tuesday, 12 April 16
INDONESIA COAL BENCHMARK PRICE INCREASES FOR SECOND STRAIGHT MONTH
COALspot.com: The Indonesia Coal Benchmark Price Increases For Second Straight Month in April 2016. The Director General of Mine ...


Tuesday, 12 April 16
NO FURTHER SIGNIFICANT COAL PRICE DECLINES IN THE FUTURE - FITCH
COALspot.com: Fitch does not expect further significant coal price declines because producers sector-wide are suffering losses while China and Indo ...


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