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Vinacomin well prepares to provide coal for power sector with increasing demand

Vinacomin well prepares to provide coal for power sector with increasing demand - 

"In March 2016, Vietnam National Coal and Mineral Industry Holding Corporation Limited (Vinacomin) will step up sale of products, specially focus to well prepare coal with a high production for power sector” Vinacomin General director Dang Thanh Hai said.

March 3 morning, Vinacomin held an online hand over to the next shift conference in Hanoi and Ha Long city (Quang Ninh province) for operating coal production in March, 2016.

According to Vinacomin, in February, 2016 the Group produced 2.6 million tons of raw coal, sold 2.4 million tons of commercial coal; produced and sold 669 GWh of electricity; and produced 2.698 tons of pure copper ore...

The production and business situation of Vinacomin to the end of Feb 2016 could be summarized as follows: the turnover -VND14,566 billion (13.2% year plan); the raw coal production - 6.1 million tons, commercial coal sale - 5.4 million tons; gravelly soil transportation - 21.5 million m3; production of pure copper ore - 7,573 tons and copper planks - 2,079 tons, electricity production and sale – 1,459 GWh…

Regarding the production and business plan of the Group in March 2016, General Director Dang Thanh Hai said, Vinacomin will strive to produce 4 million tons of raw coal, sell 3.3 million tons of commercial coal; produce and sell 770 GWh of electricity; and produce 67,000 tons of alumina…

Besides, Vinacomin will speed up selling products by the activities as to exploit markets by the effective way, do not let the output of the traditional consumers be decreased, focus to provide power sector with high increasing volume in March; continue to perfect mechanism for selling operation, processing and mixing technologies; promote coal rational import for increasing supplying sources with the competitive prices; strengthen mixing other coal with the coal in Uong Bi - Vang Danh areas for reducing inventory coal and meeting demand.

"The prices of alumina and color metal minerals are gradually improving, so it is necessary for units to follow close behind the market to sign business contracts for the whole year..." Vinacomin General Director stressed.

Mr. Dang Thanh Hai also asked the units to pay attention to continue to perfect governance mechanisms, strengthen technical management, increase productivity and reduce costs to ensure the financial balance when Royalties increase by 3 % from Jan 1st, 2016 (equivalent to VND600 billion); focus to check investment activities for raising the effectiveness of these businesses in the spheres...

VietnamEnergy.vn

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