It turns out to be not an easy thing for Vietnam to import coal, because it needs big tonnage ships and deep water ports, while the supply remains limited. The Vietnam Coal and Mineral Industries Group (Vinacomin) imported 10,000 tons of coal last month, the first consignment of imports in the long term coal import [...]
The nation is becoming a coal importer due to high demand and dwindling domestic supplies. Last month, the State-owned mining giant Vinacomin Group accepted the country’s first-ever batch of imported coal for domestic use. The shipment of 9,570 tonnes imported from Indonesia arrived at Cat Lai Port in the southern province of Dong Nai and [...]
Prime Minister Nguyen Tan Dung has just ordered four state-owned groups to divest from the Thach Khe project, country’s largest iron ore mining and billet manufacturing project. The groups are Vietnam Shipbuilding Industry Group, Song Da Holdings, Vietnam Posts and Telecommunications Group and Bank for Investment and Development of Vietnam, according to a Government Office [...]
Deputy minister of industry & commerce, Nguyen Thanh Bien, has said that coal export are expected to keep moving ahead due to less effective domestic usage of several types of coal in comparison with export. Speaking about the recent coal import price being $22/tonne below the export price, Bien affirmed that despite such difference, the [...]
Vietnam, a coal exporter, is projected to import 6.5 million tons of the fuel annually by 2015 as its domestic supply dries up, a minister said. This followed the first import of nearly 10,000 tons of Indonesian thermal coal this year as Vietnam grapples with a rising demand for power and is forced to buy [...]
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 [...]
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