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International mining groups and Vietnam’s mining leaders will work together at an exhibition and conference Mining Vietnam 2016 to develop Vietnam’s mining industry.

Vietnam’s mining industry is facing more difficulties this year due to lower export prices, unfavorable mining conditions and higher costs, according to the Ministry of Industry and Trade.

The Government’ Prime Minister has approved the project on equitization of the parent company -  Viet Bac Mining Industry Corporation - Vinacomin (Vietnam National  Coal  and Mineral Industries Holding Corporation - Vinacomin) with a form of combination between selling a part of  state capital and issuing coupons for increasing charter capital of the enterprise.

Vinacomin in coordination with Business Administration College – Vinacomin has recently held a workshop on “ 3D laser scanning technology application in coal mining”  in Ha Long city, Quang Ninh province.

As many as fourteen leading Australian mining equipment and technology services (METS) companies are visiting Vietnam from 9-13 March to attend the 2nd Mining Vietnam Exhibition and Conference in Hanoi and explore business and collaboration opportunities.

Mining Vietnam 2014 Exhibition take place in Hanoi from 11th-13th, 2014 in the form of exhibition and conference. At this event, Siemens presents state-of-the-art technologies for mining industry.

The remaining coal resources of Vietnam are forecasted to be quite large, but not large explorative reserves, especially since the mining conditions are increasingly difficult, increasing the costs, which makes it difficult to compete with imported coal sources. As there is no State clear mechanism and policy for coal import, that leads to difficulties for enterprises to deploy coal import, as well as invest in coal mining abroad.

On November 19th, Mao Khe Coal Company held a Groundbreaking Ceremony of pair of vertical sharps - Underground mining project below minus 150, Mao Khe mine.

Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) and BECKER - WARKOP SP.ZO.O (Poland) have signed a Memorandum of Understanding (MoU) to strengthen applying science and technology to the synchronous implementation in mechanizing pit coal mining.

Recently, the contract on developing Khe Cham II – IV coal pit mining project – a main point project of Vinancomin was signed between Ha Long Coal Company and China Coal Construction No.3 Co.Ltd.

The Leadership of Vietnam National Coal - Mineral Industries Holding Corporation (Vinacomin) has directed to maintain coal inventory level at 10 % of the total mining generation in order to supply coal amount for domestic power thermal plants with a certain reserve margin to contribute in guaranteeing the national energy security.