Business

Domestic coal demand to rise in 4th quarter

Domestic demand for coal is expected to grow rapidly during the last quarter of 2014, the Vietnam National Coal and Mineral Industries Group (Vinacomin) forecast during a conference on October 7 in the northern province of Quang Ninh.
Domestic demand for coal is expected to grow rapidly during the lastquarter of 2014, the Vietnam National Coal and Mineral Industries Group(Vinacomin) forecast during a conference on October 7 in the northernprovince of Quang Ninh.

The conference heard that in thefirst three quarters, Vinacomin’s members maintained produced 25.6million tonnes of coal end products, fulfilling 75 percent of the yearlytarget.

During the same period, the group sold a total of 26.2 million tonnes of coal, of which 4.8 million tonnes were exported.

Since the domestic market is seeing signs of recovery, especiallyduring the dry season when there will be a higher demand for coal topower thermoelectricity plants, new cement projects and other coalconsuming facilities.

This year, Vinacomin plans to sell 35.5 million tonnes of coal, including 6.5 million tonnes for exports.

To achieve its goal, the group has implemented numerous policies andaddressed all arising challenges promptly, while accelerating productionto meet the market demand during the dry season.-VNA
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