Vinacomin balances production and sale of coal amount to reduce inventory level

According to the report of Vinacomin at the Conference in Quang Ninh on reviewing the production and business activities in the first quarter, discussing the orientations of the tasks in the second quarter and solutions to implement the project of restructuring Vinacomin in 2017-2020 period, there is given the information that in the first quarter of 2018, Vinacomin produced 9.66 tons of crude coal equal to 27.3% of the year plan and 102% in comparison with the date of the same time in the last year, excavated 35.65 cubic meters of the gravelly soil, equal to 26% of the year plan and 130% of the date in the same time in the last year, dug 53,738 meters of the kiln equal 23.8% of the year plan and 100% of the date at the same time in the last year.

Especially, in this quarter Vinacomin sold 9.54 million tons of coal equal to 26.5% of the year plan and 123% of the date at the same time in 2017. Turnover of the coal sale was 14,953 billion VND equal to 26.6% of the year plan and  115% of the date at the same time in 2017, and of mineral sale was 4,380 billion VND equal to 26.6% of the year plan and 153% of the date at the same time in 2017 (due to turnover of alumina sale increased by 85% over the date at the same time in 2017), of electricity sale  was 3,307 billion VND equal to 27% of the year plan and 119% of the date at the same time in 2017…

Vinacomin has expected the targets in the second quarter as: producing and selling 9.45 million tons of the coal, excavating 38.5 million cubic meters of gravelly ground, digging 68,500 meters of kiln, producing 340,000 tons of alumina and 2.2 billion kWh of electricity…

Regarding the project for restructuring Vinacomin in 2017 – 2020 period approved by Prime Minister in the decision 2006/QD -TTg dated on December 12, 2017 Vinacomin has carried out: rearranging the organizations, reducing number of staffs, combining two mining  companies into the Vinacomin mine construction company, implementing merger of Hong Thai coal company with Uong Bi coal company and Hon Gai Logistics company with Hon Gai Coal Selecting company, equitizing two subsidiaries, rearranging the organizations in 4 subsidiaries under the parent company, divesting capital in 6 subsidiaries and joint companies, selling shares with the shareholding rate stipulated under equitization plans in 6 subsidiaries and joint companies, increasing the ownership rate to at least 65% in 6 coal production companies.

VietnamEnergy.vn