Coal industry aims to up
|Coc 6 Coal Co’s trucks
operate at a coal mine. Over the past nine months, the company has
processed 2.3 million tonnes of coal, posting revenue of VND754 billion —
a year-on-year increase of 37.3 per cent. — VNA/VNS Photo Nguyen Dan
HA NOI — Viet Nam National Coal and Mineral Industries Group
(Vinacomin) will intensify its exploration, extraction and delivery efforts in
an effort to ensure the nation’s energy security and sustainable development of
the coal industry through 2015, Vinacomin announced.
A Ministry of Industry plan for the coal industry during the
next decade, has pointed out that production, labour productivity and business
growth remained low, failing to keep pace with the country’s rapid economic
development. It cited the coal industry for failing to attract significant
investment capital from the private sector.
Many coal processing units were also criticised for using
obsolete technology that pollutes the environment.
Vinacomin currently has five open-pit mines with a capacity of
more than 2 million tonnes including Cao Son, Deo Nai, Coc 6, Ha Tu and Nui Beo.
It also has 15 other open-pit mines with a processing capacity of 100,000 tonnes
to 1 million tonnes per year.
However, the operation of many of these mines has caused
significant pollution to water supplies and the surrounding environment.
Coal industry experts also stated that an estimated 200
billion-tonne coal reserve at the Hong (Red) River coal basin, was not easy to
exploit due to the depth of the coal deposits.
To make up for these limitations on the expansion of domestic
production, Vinacomin planned to import additional coal to maintain supplies for
the electrical industry. By 2015, more than a million tonne of coal per year
would likely be imported to meet the nation’s power needs, a figure that could
reach 8.8 million by 2020 and 46 million by 2025.
Vinacomin growth plan
Vinacomin invested about VND3.2 billion (US$202 million) last
year in developing the coal industry. In order to boost growth rates, Vinacomin
would continue to accelerate its investment in mineral surveys, expansion of
select coal mines and renewal of technology.
Vinaconmin’s plan anticipated investment of VND4.3 trillion
annually to expand coal production in existing mines such as Deo Nai, Coc Sau,
Cao Son, Khe Cham, Ha Tu and Khanh Hoa.
Vinacomin estimated that the volume of coal remained at Quang
Ninh, enough to meet nearly 44 per cent of total needs over the next decade.
Vinacomin said it would increase annual coal production capacity from the
current 40 million tonnes to 55 million tonnes in 2015, to meet increasing
demands on both the domestic and international markets. — VNS