SEOUL, June 24 (Reuters) - South Korea’s Korea Southern Power Co Ltd (KOSPO) bought a total of 276,000 tonnes of Russian steaming coal for arrival between September and October via spot tenders that closed on Thursday, a source from the utility said on Friday.
The utility had originally sought to purchase three 138,000-tonnne lots of coal, but the source said it passed to buy 138,000 tonnes of Colombian origin coal due to high prices. The utility would reissue a tender, the source added.
Details of the purchase are as follows:
138,000 CARBO ONE Mid-$51 Sept. 2H, 2016
138,000 CARBO ONE Mid-$51 Oct. 1-10,2016
Details of the passed tender are as follows:
138,000 5,800 kcal/kg FOBT ONLY Aug 2016
* Note: NCV stands for Net Calorific Value. The utility sought to purchase Colombian origin coal only. (Reporting By Jane Chung; Editing by Subhranshu Sahu)