Vinacomin aims to produce 9.45 million tonnes of raw coal in Q2
Wednesday, April 11,2018AsemconnectVietnam - Vietnam National Coal and Mineral Industries Corporation (Vinacomin) aims to produce 9.45 million tonnes of raw coal in the second quarter of 2018, and at the same time, sell 9.54 million tonnes of coal, including 540,000 tonnes for export.
The corporation also hopes to produce 2.2 billion kWh of electricity.
It has been striving to efficiently manage production and distribution to reduce inventory and increase outputs of its products to meet demand of consumers. This quarter, it expects to decrease coal inventory in the west of Quang Ninh by half a million tonnes compared to the first quarter of the year.
It plans to seal a deal with Vinh Tan thermal power plant in Binh Thuan, central Vietnam which will allow the plant to purchase coal at one of its warehouse in Nghi Son port, central Thanh Hoa province. The corporation’s members were urged to work around clock to mine coal before the rainy season arrives.
In the first three months of 2018, Vinacomin produced 9.66 million tonnes of raw coal, 27.3% of the yearly target and up 2% against the same period last year.
It sold some 9.54 million tonnes of coal, a year-on-year increase of 11%. Of the amount, 9.07 million tonnes were distributed domestically while the remainder was exported.
The group earned approximately VND30.3 trillion (US$1.33 billion) in revenue, up 23% year on year, including more than VND14.95 trillion (US$657.8 million) from coal, VND4.38 trillion (US$192.72 million) from mineral products and VND3.3 trillion (US$145.5 million) from electricity.
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
PVCoating (PVB) executes a pipe wrapping contract for Vietsovpetro
Hoang Anh Gia Lai (HAG) earns VND108 billion profit in February 2023
Nam A Bank (NAB) expects VND2,400 billion dong pre-tax profit, 25% dividend
475,000 tons of Hoa Phat steel (HPG) were consumed in February
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...