Illustrative image (Source: VNA)Quang Ninh (VNA) – The Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) on June 28 put into operation a coal sorting factory and a coal transporting system in the northern province of Quang Ninh.
Construction of the Lep My coal sorting factory began in September 2014 with a total cost of 870.2 billion VND. Meanwhile, the 651 billion VND Lep My-Port 6 Km coal transporting system project started in November 2015.
A Vinacomin representative said the factory is of significance as it helps realise the group’s development strategy, meet the demand for coal to fuel the national economy and ensure national energy security.
The representative said that investments have been poured into mine construction, environmental protection, and effective and safe production.
The projects have satisfied the country’s coal industry development planning to 2020 with a vision towards 2030 approved by the Prime Minister, the representative noted.
According to Vinacomin, as of November 2015, the group produced 34.7 million tonnes of raw coal, equal to 93.1 percent of the yearly target and up 2 percent over the same period the previous year. It sold 32.4 million tonnes of coal, or 92.8 percent of the yearly target, up 3.5 percent year-on-year.
In the period, the group’s revenues were estimated at nearly 98 trillion VND (4.3 billion USD), equivalent to 93.4 percent of the yearly target.
Vinacomin, the country's largest mining firm, was established on October 10, 1994.-VNA
