Coal - Mineral

Vietnam Coal and Mineral Industries Group (Vinacomin) and Hanoi University of Science and Technology (HUST) held a signing ceremony on the cooperation agreement.

The Thai Nguyen Nonferrous Metal Joint Stock Company, a member unit of the Vinacomin - Minerals Holding Corporation (Vimico), has exceeded its annual targets due to prioritization of production mechanization, environmental protection and improvement of labor productivity and working conditions.

At a meeting with the Standing Board of the Quang Ninh Provincial Party Committee, Mr. Dang Thanh Hai - General Director of Vietnam Coal and Mineral Industries Group (Vinacomin) informed that, to implement production and business targets in 2021, Vinacomin anticipates two scenarios for producing and selling products, suitable with the market development for ensuring jobs and incomes for employees and keeping inventories at a reasonable level...

Vietnam Coal - Minerals Industry Group (Vinacomin) informed that, in February 2021, with drastic direction in urgently implementing measures to prevent epidemics Covid-19 pandemic and actively promoting production from the first days and the first months, all Vinacomin activities are stably sustainable with basically ensuring the planned production targets.

In 2020, Vietnam Coal and Minerals Industry Group (Vinacomin) successfully implemented "double goal" as to prevent and resist the Covid-19 pandemic, and to ensure stable and efficient production and business with “ 3 good results” as - good production and business, good Covid – 19 pandemic prevention and good implementing activities to care for employees and social welfare.

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.