Positive signs for coal industry in early 2014

In the first two months of this year, the coal industry made positive changes with a 4-percent increase in production and nearly 6 million tonnes consumed, contributing to fulfilling the yearly plan.
In the first two months of this year, the coal industry made positivechanges with a 4-percent increase in production and nearly 6 milliontonnes consumed, contributing to fulfilling the yearly plan.

In the reviewed period, the corporation mined 6.58 million tonnes ofcoal, fulfilling 17.4 percent of the yearly plan, the English-languageVietnam Economic News cited sources from the Vietnam National CoalandMineral Industries Corporation (Vinacomin) as saying.

Coal consumption in the first two months of this year reached 5.8million tonnes. Of this, domestic consumption and exports reached 4.38and 1.44 million tonnes, accounting for 18 percent and 16 percent of theyearly plan, respectively.

Vinacomin Deputy GeneralDirector Nguyen Van Bien said that in the period, coal supply to thepower sector also strongly increased, reaching 2.64 million tonnes, anincrease of 2 percent compared to the same period last year.

Inaddition, the supply of the mineral to the fertiliser, paper and cementsectors reached 226,000 tonnes, 24,000 tonnes and 791,000 tonnes,respectively.

According to Vinacomin, coal consumption wouldincrease as Mong Duong II Thermal Power Plant is put into operationthis month.

Vinacomin-Cam Pha Port and Logistics CompanyDeputy Director Nguyen Van Hoan said that the company was quite able tosupply coal to Mong Duong II Thermal Power Plant. A 1.7km conveyor with acapacity of 2,400 tonnes per hour was completed in mid-January.

Hoan also said that the company adopted a temporary supply plan withan average volume of 60,000 tonnes per month for the thermal powerplant. Once operational, the plant will consume about 20,000-30,000tonnes of coal per day.

This is a major advantage for coalconsumption in Cam Pha district. In addition, it will contribute tobalancing energy source and improving efficiency for the national powergrid.

Vinacomin has set targets of consuming 35 million tonnesof coal and reaching total revenues of 105.5 trillion VND (nearly 5trillion USD) for 2014. In addition, the company will focus onstabilising production, promoting consumption and improving productquality.-VNA

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