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Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE


* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender

Reuters reported that,  Korea South East Power Co Ltd (KOSEP) bought 1.06 million tonnes of coal for delivery between next month and February 2010 from six sellers via a tender closed on Sept. 8, a source close to the deal said on Wednesday.

KOSEP made the purchase of Indonesian and Australian origin at $63-$65 per tonne on a free-on-board (FOB) basis for 6,080 kcal/kg (NG) and $56-$58 per tonne on a FOB basis for 4,900-5,350 kcal/kg (NG). Details of the six sellers were not available.

For the purchased tender, initially about five million tonnes were offered by 24 proposals for Indonesia, Australia and South Africa origins, the source said.

KOSEP did not buy an additional 60,000 tonnes because it received no bids, the source added.
Source: Reuters



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