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The Government has allowed to export 2 million tons of coal in 2015

The Government has allowed to export 2 million tons of coal in 2015 - 

The Government has agreed to allow the Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) and Northeast Coal Corporation (NCC) to export 2 million tons of coal more in 2015.

Previously, in order to solve inventory of the coal industry, after balancing the domestic demand, the Ministry of Industry and Trade (MoIT) had a petition to the Government for allowing Vinacomin and NCC to export 2 million tons of coal more in 2015.

According to calculations of MoIT, the comercial coal outputs of the coal industry estimated 40.03 million tons in 2015, 43.77 million tons in 2016, 50.38 million tons in 2020 and 57.49 million tons in 2030. Among that the coal types satisfying the standard (from coal dust No4 down) for power generation reach 60-95%.

To compare with the consumption demand by calculation of MoIT, the coal surplus is 3.5 million tons in 2015 and 2.0 million in 2016

According to a report of Vinacomin, the situation of carrying out the production and business plan of Vinacomin in the first 6 months of 2015 may be summarized as follows:

No

I tem

Amount

% of the year plan

% to the same time of 2014

1

Coal production (Million tons)

20.7

50.7

105.4

2

Coal sale (Million tons)

17.7

49.2

95.8

Coal export

0. 7

-

18.1

Domestic use

17.0

-

117.0

3

Ground strip (Million M3)

102.0

52.5

127.4

4

Pit digging (Thousand meters)

131.0

45.0

105.0

Basic construction

11.34

40.0

77.2

5

Investment value

(103billion VND)

9.34

39.0

98.4

6

Turnover(103billion VND)

54.79

-

103.5

Coal turnover

26.34

-

96.0

Mineral turnover

3.25

-

107.3

VietnamEnergy.vn

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