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Glencore wins $520m deal to sell coal to Mexico

April 11, 2019 00:00:00

MEXICO CITY, Apr 10 (Reuters): Global trader Glencore has won contracts worth around $520 million to supply 4.94 million tonnes of coal to Mexico, state-run power utility the Federal Electricity Commission (CFE) said on Tuesday.

The utility said in a statement that by offering the best price, Glencore won all 12 auctions held to supply a CFE plant in the southwestern state of Guerrero with the coal, for delivery between May and December of this year.

The contracts were worth around $519.6 million in total, a Federal Electricity Commission spokesman said.

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