Tuesday, April 25 2017

VietNamNews

Coal revenue increases in Q1

Update: April, 12/2017 - 11:00
Vinacomin sold 8.6 million tonnes of coal in the first quarter, with 185,000 tonnes being shipped overseas. — Photo baoquangninh.com.vn
Viet Nam News

HÀ NỘI — Việt Nam National Coal and Mineral Group (Vinacomin) reported a total revenue of VNĐ24.554 trillion (US$1.1 billion) in the first quarter of this year, a year-on-year increase of 104 per cent, equivalent to 23 per cent of the target set for the whole year.

The group sold 8.6 million tonnes of coal in the first quarter, with 185,000 tonnes being shipped overseas.

Vinacomin had set a production target of 3.2 million tonnes of raw coal and sales of 3.45 million tonnes (3.32 million tonnes for domestic use and 130,000 tonnes for export) in April.

Earlier during an online conference on production management for April 2017, Vinacomin’s director general Đặng Thanh Hải urged departments and units to be more active while executing their assigned jobs.

Specifically, it is necessary to actively work with households to unify the reasonable price of coal, strengthen resource management and product quality, reduce 5 per cent loss from mining exploitation compared to the previous year, and tighten the mine acceptance test and technological norms, while strengthening the management of mine boundary resources and the process of coal transportation and consumption, he said.

It is also necessary to ensure stability, optimise the technical criteria, meet the quality standards, and fulfil customer requirements, besides having strict controls to ensure environmental safety, as well as operate production-consumption in accordance with the market movements and enhance product consumption, Hải added. — VNS

 

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