Vinacomin

Update news Vinacomin

The Ministry of Finance (MOF) has released a report on the production, business, finance and investment of the Vinacomin holding company.

Domestic coal price too low, Vinacomin wants to increase exports

If Vietnam’s high-quality coal is mixed it with other types of coal to run thermopower plants, it would be a big waste, according to Vinacomin, the largest coal miner in the country.

Vietnam importing more coal & oil

Once a big oil and coal exporter, Vietnam has become an importer of the materials in increasingly high quantities.

Miners lobby for right to export coal without limitation, MOIT demurs

Coal miners want the government to open the door for them to export high-quality coal, saying that Vietnam does not use this type of coal or uses very little of it.

Numerous SOEs under special financial supervision

Subsidiaries of SOEs like Jetstar Pacific, Angkor Air, DAP-Vinachem, and Petrolimex Laos will come under special financial supervision.

Vinacomin sets to sell 49 million tonnes of coal in 2020

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020, a year-on-year surge of 10 percent, according to Vinacomin Deputy Director General Nguyen Hoang Trung.

 

Coal export quota for the year not reached

Coal miners are allowed to export 2 million tons of coal, but they have not used up the yearly quota.

More transparency needed in VN ash and slag market

Thanh Dai Phu My JSC in Hai Phong City began treating slag from steel mills in August 2015 when the treatment plant in Ba Ria – Vung Tau became operational. 

Vinacomin considers importing coal from the US

The Viet Nam National Coal and Mineral Industries Group (Vinacomin) and the US-based Xcoal Group said the prospects for importing US coal were positive, the Dau Tu (Investment) newspaper has reported.

 

Thermopower plants in coal mining area hungry for coal

Many thermopower and cement plants in Hai Phong and Quang Ninh do not have enough coal to operate.

Current coal supply policy: cause of coal-power crisis

VietNamNet Bridge - Electricity of Vietnam (EVN), the biggest electricity generator in the country, has complained to the government about the oversupply of coal, but at other times, the shortage of coal.

Vietnam exports coal to China, then imports coal from China at high prices

Vietnam buys coal from Indonesia at the price of VND1.6 million per ton, while coal from China is 6.6 times more expensive, at VND8.2 million.

Miners stir discontent as they continue selling ore on the cheap

A report from the General Department of Customs found that ore and minerals that Vietnam exports to China are much cheaper than exports to other markets.

Minerals exported dirt-cheap to China

VietNamNet Bridge - China buys 85 percent of Vietnam’s total mineral exports, but the price of exports to the market is 60 percent of the average export price.

Binh Thuan titanium exploitation projects pose threat to environment

Binh Thuan provincial authorities have been wavering between choosing titanium mining, which brings high profits but seriously damages the environment, and ecotourism projects, which ensure sustainable growth but need a green environment.

EVN refuses to buy Vinacomin’s coal, 4,000 workers could lose jobs

VietNamNet Bridge - Electricity of Vietnam (EVN), the biggest power generator, says it does not want to buy coal from Vinacomin, the country's largest coal miner, for its power plants. 

Coal imports/exports remain tricky problem for Vietnam

VietNamNet Bridge - While a large amount of coal was exported in the first months of the year, most coal used in the country was imported. 

What to do with 9 million tons of coal in stock?

VietNamNet Bridge - At least 9 million tons of coal are in stock because domestic demand is low, while the coal price in Vietnam is higher than in other countries.

Thach Khe iron mine: ministry urges go ahead, local authorities demur

VietNamNet Bridge - The decision to resume the exploitation of Thach Khe, the biggest iron mine in SE Asia, and the biggest ever open-cast mine, has yet to be determined. 

Vietnam to spend big money to exploit coal

VietNamNet Bridge - In Vietnam, most of the mineral reserves have not had received assessments on economic efficiency, or have had vague assessments.