S.Korea's KOMIPO buys 125,000 T coal for Q4
SEOUL, Aug 29 (Reuters) - Korea Midland Power Co Ltd (KOMIPO) bought 125,000 tonnes of Australian bituminous coal via a tender that closed on Aug. 25, while declining to purchase another 125,000 tonnes from Colombia due to low participation, a source from the utility said on Monday. It is not decided whether it would reissue a tender to seek Colombian-origin coal, the source added. Details of the Australian coal purchase are as follows: TONNES(M/T) SUPPLIER DISCOUNT(FOB/T) SHIPPING SCHEDULE 125,000 Glencore -$1.7 Q4 2016 (Reporting by Jane Chung; Editing by Sunil Nair)
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