11:12 | 11/05/2019 Industry
Subsidiaries of the Vietnam National Coal and Mineral Industries Group (Vinacomin) churned out a total 14.86 million tonnes of crude coal in the first four months of 2019, a year-on-year rise of 11 percent, the group said on May 3.
|Subsidiaries of the Vinacomin churned out a total 14.86 million tonnes of crude coal in the first 4 months of 2019 - Photo: VNA|
It sold 14.54 million tonnes and produced more than 445,500 tonnes of aluminium in the period. The group also generated 3.55 billion kWh of electricity in the four months.
As a result, Vinacomin’s aggregated revenues came to nearly 43 trillion VND (1.86 billion USD) in the four months.
In April alone, its member companies produced nearly four million tonnes of coal, reaching the amount for the second consecutive month.
In May, the company targets a coal output of between 3.8 and 4 million tonnes, as well as 116,000 tonnes of aluminium and 900 million kWh of electricity.
Vinacomin has set the goal of exploiting 40 million tonnes of coal in 2019 while consumption demand is forecast at 42 million tonnes. As much as 31.9 million tonnes will be supplied for electricity generation. The group plans to import 4 million tonnes to meet the demand.
Vinacomin’s coal production output was 36.95 million tonnes last year with sales of 40.5 million tonnes.