Mining group looks to higher revenue in 2019
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has set the goal of earning a total revenue of 128 trillion VND (5.5 billion USD) in 2019, nearly 69 trillion VND of which will be from coal production.
Loading coal at Vinacomin's KM6 port (Source: VNA) Quang Ninh (VNA) - The Vietnam National Coal and Mineral Industries Group
(Vinacomin) has set the goal of earning a total revenue of 128 trillion VND (5.5
billion USD) in 2019, nearly 69 trillion VND of which will be from coal
production.
During a conference held in the northern province of Quang Ninh on December 26, the group said it will focus on mining projects and strive to produce about 40 million tonnes of coal, import around 4.6 million tonnes, and market roughly 42 million tonnes. The inventory is estimated at nearly 4 million tonnes by the end of next year.
In order to achieve such goals, Vinacomin will continue improving coal consumption, specialising coal transportation and trade. It will also build plans to sell coal mined in Hon Gai and prepared at Lang Khanh port for Quang Ninh and Thang Long thermal power and Thang Long cement plants.
At the same time, it will strengthen the management of natural resources, product quality, environment safety and protection, and protect coal in mines to prevent trade fraud.
As for export, Vinacomin will churn out high-quality products to serve such traditional markets as Japan and the Republic of Korea.
The workers’ average salary will reach 11.3 million VND per month, up 4.7 times from 2018.
The same day, Vinacomin signed contracts on coal and mineral resources exploitation and sorting with its affiliate companies.-VNA
During a conference held in the northern province of Quang Ninh on December 26, the group said it will focus on mining projects and strive to produce about 40 million tonnes of coal, import around 4.6 million tonnes, and market roughly 42 million tonnes. The inventory is estimated at nearly 4 million tonnes by the end of next year.
In order to achieve such goals, Vinacomin will continue improving coal consumption, specialising coal transportation and trade. It will also build plans to sell coal mined in Hon Gai and prepared at Lang Khanh port for Quang Ninh and Thang Long thermal power and Thang Long cement plants.
At the same time, it will strengthen the management of natural resources, product quality, environment safety and protection, and protect coal in mines to prevent trade fraud.
As for export, Vinacomin will churn out high-quality products to serve such traditional markets as Japan and the Republic of Korea.
The workers’ average salary will reach 11.3 million VND per month, up 4.7 times from 2018.
The same day, Vinacomin signed contracts on coal and mineral resources exploitation and sorting with its affiliate companies.-VNA
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