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Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
 COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin for three years. According to the Bid Notice No. KOMIPO-Bid Notice-2021-LT01 terms and conditions, the bidders are required offer 4 Cape size shipments of coal per year.
Quantity
520,000 MT (4 Cape) +/- 10% Annual Quantity
The Coal is to be delivered on a fairly evenly spread basis in each Contract Year starting from March 2021 to December 2021 (CY1) and January 2022 to December 2023 (CY2&3).
Loading Schedule
CY1 - 1st : March, 2021, 2nd : April, 2021 & 3rd & 4th : Q2 - Q4,2021
CY2 - Q1,2022-Q4,2022 Evenly spread
CY3 - Q1,2023-Q4,2023 Evenly spread
Price
Bidders should propose Two (1st and 2nd) shipment for CY1(202) at one single fixed price.
The shipment size must be at least 130,000MT, with a gearless vessel.
Payment Terms
Telegraphic Transfer(T/T) payment basis only.
Quality
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.7%
Net Calorific Value (arb) : Min 5,700 kcal/kg
Restriction
New bidders are not allowed to attend this tender
Australian coal only
Procurement Method
International e-tender
Bid closing date
10:00 AM, January 19, 2021 KST
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Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...
Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.
Analysts said pr ...
Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.
The index, released by China Ta ...
Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...
Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S ...
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