The Ministry of Industry and Trade has requested Vietnam Coal and Mineral Industry Group, or Vinacomin, to reassess the economic efficiency of Tan Rai alumina project in Lam Dong Province. The reassessment is to clarify the transparency of the investments in upgrading the roads to transport alumina from the production site to the seaport for [...]
In the first ten months of 2011, Vietnam Coal and Mineral Industry Group (Vinacomin) reported mining about 39.6 million tonnes of original coal, or 35.77 million tonnes of clean coal. The Jan-Oct consumption volume was estimated at 36.5 million tonnes. In comparison to the same period last year, the domestic coal consumption volumes increased by [...]
The Viet Nam National Coal and Mineral Industries Group, or Vinacomin, has announced plans to withdraw capital from the Viet Nam Aviation Insurance Joint Stock Co (VNI) and officially set in motion plans to pull out from its non-core business this year. Vinacomin’s total investment in VNI is roughly VND50 billion (US$2.4 million) and the [...]
State-owned miner Vinacomin’s claims that coal imports are more economical than using domestic coal have been rejected by experts. The state-owned Vietnam National Coal-Mineral Industries Group (Vinacomin) claims prices of domestic coal from the north for southern power plants could be around $22 higher than coal imported from Indonesia. Apart from 9,500 tonnes of coal [...]
Vietnam Coal and Mineral Industry Group (Vinacomin) said that up to now, Vietnam has consumed 19.1 million tones of coal, of which domestic consumption counted for 12.8 million tones, increasing by 33.3 percent year-on-year. The stockpiled coal reduced by over 1 million tones to 5 million tones. In the first five months, the coal industry [...]
State-run Vinacomin recently proposed to buy bad debtor Vinashin’s 5 per cent stake in Thach Khe Iron Joint Stock Company. “We got the nod from Vinashin for the deal and are waiting for a written consent from Vinashin to come up with relevant legal procedures,” said a Vinacomin executive. As planned, by May 15, 2011 [...]
The Viet Nam National Coal and Mineral Industries Group is pushing to raise prices for coal that’s used in electricity production. Vinacomin, the nation’s largest coal producer, said the price of coal used in power production was previously proposed to be sold at 90 per cent of the export price. However, while both exchange rates [...]
The Ministry of Transport has recently allowed Vietnam National Coal and Minerals Industries Group (Vinacomin) to sign credit contract to build coal transit port in the southern region of Vietnam, which is to serve coal-fired thermo power projects in the Mekong Delta area, Nhan Dan newspaper reported on May 16. The ministry also requested to [...]
Vietnam National Coal and Mineral Industries Group, or Vinacomin, has started sending its workers to Mundikiri Province of Cambodia to explore bauxite. Bui Van Khich, deputy general director of Vinacomin, told the Daily that Cambodian authorities had allowed Vinacomin to carry out a bauxite exploration and exploitation project in Mundikiri. The workers will be responsible [...]
After the Vietnam National Oil and Gas Group (PetroVietnam-PVN) denounced that Electricity of Vietnam (EVN) still owes PetroVietnam Group five trillion dong, recently, Vietnam National Coal and Minerals Industries Group (Vinacomin) also said that EVN owes Vinacomin about 1.6 trillion dong for coal and electricity purchases. Particularly, till March 31, 2011, EVN owed Vinacomin over [...]
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