COAL

Vietnam boosting coal

Vinacomin says that nearly 70% of its annual target for coal was met in the first eight months of...

Staff reporter
Vietnam boosting coal

PRESS RELEASE: Production through August totalled 24.58Mt, or 68.3% of the annual plan, with 21.38Mt used domestically and 866,000t exported. In all, Vinacomin said, the output generated revenues of 35.3 trillion VND (US$1.55 billion).

This month, the group said it is expecting to mine 2Mt and sell 2.5Mt, including 2.34Mt in the domestic market and 155,000t for export. It will focus on balancing demand with inventory as it constructs its 2018 production and business plan, giving attention to techniques and technologies as it restructures along with organisation and management system, workforce, finance and stricter management of its natural resources.

The new data comes after approval last week by Vietnam’s prime minister Nguyen Xuân Phúc of changes to a coal development master plan that will support the country’s industry through 2030.

Some of those upcoming projects include the construction of new sorting plants, the development of a processing and concentrating centre, facility relocations, and the adjustment of project boundaries.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions