Vietnam: Vinacomin will regulate reasonable coal prices for power sector

Vietnam: Vinacomin will regulate reasonable coal prices for power sector

At the online briefing meeting for executing production in April 2017, Mr.
Dang Thanh Hai, Vinacomin CEO asked the subsidiaries to actively work with
power customers for agreeing to regulate reasonable coal prices, strengthen
management of resources and product quality, and reduce the rate of losses
in mining by 5%...

Information from Vinacomin said, in the first quarter 2017, due to coal
production increased fairly, turnover of the group has reached about
VND24,554 billion, equal to 23% of the year plan and 104% of the turnover in
the same time of 2016.

In April, 2017 Vinacomin plans to: produce 3,2 million ton and sell 3,45
million ton of coal (3,32 million ton for domestic market and 130 thousand
ton for export), strip 14,6 million cubic meters of gravelly soil, dig
20,916 meters of the pit and generate 850 million kWh of electricity.

For fulfilling productive plan, Mr. Dang Thanh Hai asked the subsidiaries to
actively work with power customers for agreeing to regulate reasonable coal
prices, strengthen management of resources and product quality, and reduce
the rate of losses in mining by 5% in comparison with the last year, tighten
checking and taking over the mining volumes and technological norms,
strengthen management of resources by mining boundaries and progress of coal
transportation and sale, effectively use cameras and GPS.

In mineral, power, explosive, mechanical, and other production and business
fields, it is necessary to guarantee the stable, optimized technological and
technical norms, environmental safety.

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Link to Original Article:
http://nangluongvietnam.vn/news/en/coal-mineral/vinacomin-will-regulate-reas
onable-coal-prices-for-power-sector.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com