Many solutions to solve problems for the coal industry
09:00 | 15/04/2014
The coal industry needs to expand its markets
Coal sales were 9.43 million tonnes in the first quarter of 2014, 26.95 percent of the year’s target and 97.5 percent of that in the same time last year. Of this, coal exports reached 2.34 million tonnes and domestic sales came to 7.09 million tonnes. Coal inventories came to 8.42 million tonnes at the end of the first quarter of 2014, including 6.07 million tonnes of finished coal and 2.35 million tonnes of crude and semi-finished coal.
Vinacomin General Director Le Minh Chuan said that the high coal inventory in March was attributed to unfavorable weather conditions that greatly affected coal transport and sales. This was why Vinacomin hadn’t reached its targets related to domestic sales and exports.
Vinacomin Deputy General Director Nguyen Van Bien said that clearing inventories is one of solutions to solve problems faced by the coal industry. Vinacomin told its member units to focus on increasing sales and looking for buyers, keep abreast of market requirements, keep good relationship with clients, and strictly control the quality of coal delivery to stabilize production and employment and maintain a reasonable inventory level.
At an online conference on production management in April and the second quarter of 2014 of the coal industry, Vinacomin General Director Le Minh Chuan said that coal sales will prosper as the domestic demand, especially the demand for coal for electricity production, increases. Vinacomin will supply coal to the Mong Duong II Thermoelectric Center (Vinacomin) and Vinh Tan Thermoelectric Plant 2 (the Vietnam Electricity group). Vinh Tan Thermoelectric Plant 2 consumed more than 3.7 million tonnes of coal per year and the Mong Duong II Thermoelectric Center is expected to consume 20,000-30,000 tonnes of coal daily. This is a good sign for coal sales in the coming years.
The coal industry set a target of reaching a growth of more than 25 percent in the second quarter of 2014 and accomplishing at least 52 percent of the year’s target in the first half of this year. To reach the target, Vinacomin General Director Le Minh Chuan told Vinacomin members to focus on managing coal production and sales to increase sales. He also told member units to refine coal at mining sites and asked forwarding and port units to improve coal transportation.
Vinacomin told its member units to continue to review and reduce production costs, improve investment efficiency, promote cooperation in the use of quality, reasonably priced products and services, continue to implement corporate restructuring, and work with ministries and sectors to overcome production difficulties and increase sales in the coming time.