Coal - Mineral

In 2020, the socio-economic situation of the country strongly affected by the Covid-19 pandemic and floods in the Central region, Vietnam National Coal and Mineral Industries Group (Vinacomin) had to face with a lot of difficulties. However, with the efforts of the employees, the Group successfully completed the plan with ensuring the production and business targets for 2020 as the proposed Resolution.

In Quang Ninh, Vietnam Coal and Minerals Industries Group (Vinacomin) held a conference to deploy a business coordination plan and sign a contract for exploiting and processing coal and minerals in 2021.

Considered a highly polluting manufacturing industry, coal enterprises strive to implement environmental protection solutions towards sustainable development.

In November 2020, Vietnam National Coal and Mineral Industries Group (Vinacomin) will promote selling coal, especially coal with high quality. The group strives to exploit 3 million tons of the crude coal and to sell 3.4 million tons of the coal products in November 2020.

Vietnam Coal - Minerals Industry Group (Vinacomin) signed a credit contract on loan syndication worth 1,150 billion dong with Keb Hana Bank (Hanoi branch) in Hanoi.

According to information of Vinacomin, although Covid-19 pandemic impact, in the first 8 months of 2020, the production and business results of the group have reached: crude coal production of 27.06 million tons, coal sale of 30.74 million tons, soil and rock shoving of 130.81 million m3 increased by 27% in comparison with the same period of the last year, pit digging of 167.711m, aluminum production of 943.149 equivalent tons, electricity generation of 7.1 billion kWh, total turnover of 84.864 billion VND, profit of 1,300 billion VND and the budget payment of 12,900 billion VND increased by 3% over the same period of 2019.

The Northern Coal Trading Joint Stock Company (Vietnam National Coal – Mineral Industries Group - Vinacomin) has just received a coal bulk cargo shipment imported directly from IMI FUELS LLC (USA). This is the first shipment of coal imported from the United States to Vietnam.

During the term 2015-2020, the Party Committee of Vietnam Coal and Mineral Industry Group (Vinacomin) has renovated and strongly promoted the scientific and technological development as application of mechanization, automation and computerization in the production and business activities.

Vietnam National Coal and Mineral Industries Group (Vinacomin) informed that despite April was a peak month in the Covid-19 pandemic prevention by direction of the Prime Minister on the social spacing, the Vinacomin maintained stably the production and business activities and also well controlled and carried out the pandemic prevention.

According to the project “The Energy Development Planning in Vietnam to 2025 with a vision up to 2035”, the primary energy demand has a number of changes: The energy development scenario (Proposed Scenario - PS) in planning period based on the GDP growth scenario in 2016 – 2035 at an average level of 7%/year in combining with energy saving rates (ESR) compared to business- as-usual (BAU) energy development scenario as 4.1% in 2020, 5.9% in 2025, 8.1% in 2030 and 10.0% in 2035, and a 15% CO2 reduction target by 2030.

On March 24, 2020, Mr. Le Minh Chuan, Chairman of the Member Council of Vietnam National Coal and Mineral Industries Group (Vinacomin) signed the decision to appoint Mr. Phan Xuan Thuy - The Head of Mining Engineering-Technological Department to position of Vinacomin Deputy General Director with a term of 5 years since April 02, 2020.

The State Capital Management Committee in the Enterprises (SCMC) has just issued Decision No.77-QD/ UBQLV to approve 2020 production, business and development investment plans for parent company - Vietnam Coal and Mineral Industries Group (Vinacomin).

On January 10, Deputy Prime Minister (DPM) Trinh Dinh Dung attended the Conference to summarize the work of 2019 and deploy the tasks of 2020 of Vietnam Coal and Mineral Industry Group (Vinacomin). At the conference, the DPM assigned Vinacomin to carry out eight key tasks in 2020.

In the morning of December 26, in Quang Ninh province, Vietnam Coal and Mineral Industry Group (Vinacomin) held a conference for deploying the production and business plans and signing contracts to implement the plans in 2020.

At the commemoration of "30 years of the first ship of Hon Gai Anthracite coal for iron and steel production in Japan”, a working meeting between the leaders of Vietnam National coal and mineral industries Group (Vinacomin) and Japan iron and steel companies.