The investor of Thach Khe iron ore mine, the biggest of its kind in Southeast Asian region, has decided to double investment in the project to ensure it is completed on schedule. As a result, the total investment will be increased to VND22.3 trillion (USD1.06 billion), while the earlier investment estimates were VND9.9 trillion (USD472.14 [...]
Vietnam aims to raise its coal output to 55-58 million tonnes in 2015 from an estimated 48.9 million tonnes this year in an effort to meet demand for fast-growing electricity production, the government said. Output is projected to rise to more than 75 million tonnes by 2030 thanks to the exploitation of new sites, the [...]
The government has issued the Decision No.02/CT-TTg prohibiting the iron ore exports and a number of other rare ores. In details, the Decision indicated the application as belows: 1. Iron ore: The government requested to completely stop the iron ore exports. The country will focus to efficiently exploit the Thach Khe and other iron ore mines [...]
Vietnam will have to import 10 million tonnes of coal per year by 2015, and 60 million tonnes by 2020, the Vietnam National Coal and Mineral Industries Group (Vinacomin) said at a meeting yesterday.At the meeting regarding Vinacomin’s main tasks this year, Deputy Minister Hoang Trung Hai said that it is not simple to import [...]
The state-owned Vietnam National Coal-Mineral Industries Group (Vinacomin), the country’s top mining company, is seeking the government’s approval to use coal as security to secure foreign loans. On January 10, Le Minh Chuan, general director of Vinacomin, said that the group plans to use appraised coal reserves as collateral to borrow capital from international sources. [...]
Vietnam will have to import 10 million tons of coal per year by 2015, and 60 million tons by 2020, the Vietnam National Coal and Mineral Industries Group (Vinacomin) said at a meeting yesterday. At the meeting regarding Vinacomin’s main tasks this year, Deputy Minister Hoang Trung Hai said that it is not simple to [...]
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) turnover reached more than VND93 trillion (US$4.42 billion) in 2011, earning a profit of VND7,800 billion (US$370 million). The corporation produced 48 million tonnes of crude coal and 27 million tones of consumption coal. Vinacomin aims to increase its turnover to VND96 trillion (US$4.57 billion) in [...]
State-run Vietnam National Coal, Mineral Industries Holding Corp., or Vinacomin, said Wednesday that it will cut coal exports to 13.5 million metric tons this year from over 17 million tons last year. Domestic coal sales in 2012 are expected to total 32 million tons, up from 27.7 million tons in 2011, the company said in [...]
Prime Minister Nguyen Tan Dung has ratified the country’s mineral resources strategy for 2020 with a vision for 2030. Under the strategy, investment priority will be given to conducting basic geological surveys on land and at sea to estimate the country’s mineral resources. Exploration and extraction will be closely associated with processing and efficient use [...]
Vietnam National Coal and Mineral Industries Group (Vinacomin) has recently said that in 2012, Vinacomin plans to export 13.5 million tonnes of coal, down 3.3 million tones from 2011 with total revenue from coal at 67.233 trillion dong. In 2012, the group expects to exploit 48.9 million tonnes of coal. To improve business performance, the [...]
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