S.Korea EWP buys coal via spot, term tenders

SEOUL, Oct 2 (Reuters) - Korea East West Power Co (EWP) has
bought steaming coal via spot and five-year term tenders closed
on Sept. 19, a company source said on Tuesday.
The utility purchased 65,000 tonnes of Indonesian coal of
4,600 kcal/kg via a spot tender from Klandee Resources Pte Ltd,
the source said, but did not give any price information.
EWP also purchased a combined 710,000 tonnes per year of
4,600 kcal/kg coal in term tenders, more than double from
260,000 tonnes per year it originally sought.
The price was around $73 per tonne on a free-on-board (FOB)
basis, the source added.
The company passed on another term tender seeking 260,000
tonnes per year of 5,100 kcal/kg coal, she said.

Details of the purchase from term tenders are as follows:
TONNES/Y SUPPLIER ORIGIN ARRIVAL
320,000 Cloud Peak Energy US Oct 2012-Sept 2017

260,000 Klandee Resources Indonesia Oct 2012-Sept 2017
130,000 PT Berau Coal Energy Indonesia Oct 2012-Sept 2017