A coal mine of Thong Nhat Company, a member of Vinacomin. (Photo thanthongnhat.vn)Hanoi (VNA) - The Vietnam National Coal and Mineral IndustriesGroup (Vinacomin) aims to produce and sell 41 tonnes of coal in 2019, a year-on-yearincrease of 10-15 percent.
Vinacomin said the group this year planned to reach an output of 39 tonnes of coal. Toreach the target, Vinacomin would review and rearrange the production abilityof its member companies to make appropriate plans.
This includes 34.2 million tonnes of clean coal by the year-end, up 1.32million tonnes from last year. The group produced over 20 million tonnes ofcoal, including 19.3 million of clean coal, in the first seven months of theyear. During that time, it has sold approximately 22 million tonnes of coal,3.8 million tonnes more than the same period last year. It also fired or laidoff around 3,000 labourers over the same period.
Vinacomin said it would increase ownership rate at its four member companiesincluding Cao Son, Coc Sau, Ha Tu and Mong Duong to prepare forconsolidation of some pit coal mines in 2019-20.
The group said it has implemented a restructuring project for the 2017-20period. It completed consolidation of two mining construction companies 1 and 2into the TKV Mining Construction Company, merging Hong Thai Coal Company into UongBi Coal Company and Hon Gai Logistics Company into Hon Gai Coal Company.
The group has implemented the first step to restructure labour and assets tomerge the Red River Delta Coal Management Project intothe Institute of Mining Science and Technology.
It would also privatise two member companies, divest capital at six othercompanies and sell shares at another six units.
It submitted a plan to the Ministry of Industry and Trade for the parentcompany’s equitisation following a roadmap approved by the Prime Minister.-VNA
Vinacomin said the group this year planned to reach an output of 39 tonnes of coal. Toreach the target, Vinacomin would review and rearrange the production abilityof its member companies to make appropriate plans.
This includes 34.2 million tonnes of clean coal by the year-end, up 1.32million tonnes from last year. The group produced over 20 million tonnes ofcoal, including 19.3 million of clean coal, in the first seven months of theyear. During that time, it has sold approximately 22 million tonnes of coal,3.8 million tonnes more than the same period last year. It also fired or laidoff around 3,000 labourers over the same period.
Vinacomin said it would increase ownership rate at its four member companiesincluding Cao Son, Coc Sau, Ha Tu and Mong Duong to prepare forconsolidation of some pit coal mines in 2019-20.
The group said it has implemented a restructuring project for the 2017-20period. It completed consolidation of two mining construction companies 1 and 2into the TKV Mining Construction Company, merging Hong Thai Coal Company into UongBi Coal Company and Hon Gai Logistics Company into Hon Gai Coal Company.
The group has implemented the first step to restructure labour and assets tomerge the Red River Delta Coal Management Project intothe Institute of Mining Science and Technology.
It would also privatise two member companies, divest capital at six othercompanies and sell shares at another six units.
It submitted a plan to the Ministry of Industry and Trade for the parentcompany’s equitisation following a roadmap approved by the Prime Minister.-VNA
VNA
