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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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Recent News

Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...


Friday, 20 November 09
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Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...


Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...


Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...


Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...


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