Business

Vinacomin sets new record in pit excavation

Nui Beo Coal JSC under the Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) has set a new record in pit depth after it completed the excavation of a pit of 371.6m under the sea level.
Nui Beo Coal JSC under the Vietnam National Coal and Mineral IndustriesHolding Corporation Limited (Vinacomin) has set a new record in pitdepth after it completed the excavation of a pit of 371.6m under the sealevel.

The company’s underground miningproject started in March 2012 with a total investment of 5.3trillion VND (245 million USD).

It is expected to go into operation in 2019 and reach its annual designed capacity of 2 million tonnes two years later.

Under its development plan until 2020 with a vision to 2030, Vinacominaims to produce 64.6 million tonnes by 2015, 71.9 million tonnes by2020, and 87 million tonnes by 2030.

To achieve the goal, thecorporation has put into use a series of high technologies and modernequipment to increase coal mining and processing efficiency whileminimising the adverse impact on the environment.-VNA
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