Vinacomin aims to produce 9.45 million tonnes of raw coal in Q2
Vietnam National Coal and Mineral Industries Corporation (Vinacomin) aims to produce 9.45 million tonnes of raw coal in the second quarter of 2018, and at the same time, sell 9.54 million tonnes of coal, including 540,000 tonnes for export.
 |
| Vinacomin aims to produce 9.45 million tonnes of raw coal in Q2 |
It has been striving to efficiently manage production and distribution to reduce inventory and increase outputs of its products to meet demand of consumers. This quarter, it expects to decrease coal inventory in the west of Quang Ninh by half a million tonnes compared to the first quarter of the year.
It plans to seal a deal with Vinh Tan thermal power plant in Binh Thuan, central Vietnam which will allow the plant to purchase coal at one of its warehouse in Nghi Son port, central Thanh Hoa province. The corporation’s members were urged to work around clock to mine coal before the rainy season arrives.
In the first three months of 2018, Vinacomin produced 9.66 million tonnes of raw coal, 27.3% of the yearly target and up 2% against the same period last year.
It sold some 9.54 million tonnes of coal, a year-on-year increase of 11%. Of the amount, 9.07 million tonnes were distributed domestically while the remainder was exported.
The group earned approximately VND30.3 trillion (US$1.33 billion) in revenue, up 23% year on year, including more than VND14.95 trillion (US$657.8 million) from coal, VND4.38 trillion (US$192.72 million) from mineral products and VND3.3 trillion (US$145.5 million) from electricity.
