Vietnam boosting coal

The Vietnam National Coal and Mineral Industries Group (Vinacomin) has released new data revealing that nearly 70% of its annual plan target for coal production was met during the first eight months of this year
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Staff reporter

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.