Business

Vinacomin mines 24.58 million tonnes of coal in 8 months

The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced 24.58 million tonnes of coal in the first eight months of the year, accounting for 68.3 percent of the annual plan.
Vinacomin mines 24.58 million tonnes of coal in 8 months ảnh 1Coal at a mine in Quang Ninh province. Vinacomin has produced 24.58 million tonnes of coal in the first eight months of the year, accounting for 68.3 percent of the annual plan.(Photo: VNA)

Hanoi (VNA) – The Vietnam National Coal and Mineral IndustriesGroup (Vinacomin) has produced 24.58 million tonnes of coal in the first eightmonths of the year, accounting for 68.3 percent of the annual plan.

Of the total output, 21.38 million tonnes were consumed domestically while866,000 tonnes were exported, raking in over 35.3 trillion VND (1.55 billion USD)in revenue.

In September, the group plans to mine 2 million tonnes of coal and sell 2.5million tonnes, including 2.34 million tonnes in the domestic market and155,000 tonnes for export.

Building a production and business plan for 2018 in accordance with the marketdemand and rational inventory balance will be the main target of the group.Vinacomin will pay due attention to its restructuring, with a focus placed on renovatingtechniques and technologies, organisation and management system, finance andworkforce.

In addition, Vinacomin will also tighten management of natural resources andproduct quality, and join hands with local authorities to prevent coal losses.-VNA
VNA
#Vietnam National Coal and Mineral Industries Group #24.58 million tonnes of coal #eight months #market demand #rational inventory balance #restructuring #management of natural resources
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