Vinacomin reports production output in five months
09:27 | 28/06/2016
- The Vietnam National Coal and Mineral Industries Group (Vinacomin) said it produced 15 million tonnes of coals in the first five months, a decrease of 6 percent year on year.
Of the total, 14.7 million tonnes were consumed, equaling the figure for the same period last year.
Vinacomin Deputy General Director Nguyen Van Bien explained that the slightly lower yield was due to lesser demand for high quality coals, particularly from cement and steel producers.
Vinacomin products are now mostly used in the electricity sector, he said, adding that the production reduction have little effect on the life and work of miners.
Vinacomin has also imported coals for domestic processing and cutting stocks.
The company anticipated that production and consumption in June would hit 2.9 million and 3.4 million tonnes, respectively./.
Source: VEN/VNA
