July 18, 2018 | 16:28 (GMT+7)
Vinacomin produces over 20 mln tons of raw coal from year’s start
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tons of raw coal and 19.3 million of clean coal from the beginning of 2018.
It has sold nearly 22 million tons of coal, up 3.8 million tons from the same period last year.
The group generated about VND 66 trillion in revenue during the period and estimated to have 6.53 million tons of coal in inventory, a decrease of 2.47 million tons from the year’s start. The firm’s production of alumina stood at 654,000 tons.
The positive result was attributed to Vinacomin’s good market research which allowed the group to sell its products at the right time when the prices went up.
The local demand for coal for production of electricity, cement, fertilizer and others is forecast to remain high in the time ahead so Vinacomin will manage to balance the coal production and sales to reduce inventory and meet the demand at the same time.
This year, Vinacomin sets to sell from 38.5 – 39 tons of coal, including 34.2 million tons of clean coal, up 1.32 million tons year-on-year.
Source: VNA