Vinacomin to Invest US$1.3 Bln in Technology Renovation in 2008
Vietnam National Coal & Mineral Industries Group (Vinacomin), the country’s top miner, said it will inject VND21 trillion (US$1.31 billion) into technology renovation at coal mines and factories this year, the Dau Tu (Investment) newspaper reported.
The fund will be spent to expand and upgrade Vang Danh-Dien Cong rail route, and the coal conveyor belt from Vang Danh and Nam Mau to Uong Bi Thermo-power plant; build coal-to-power plants, mining and metallurgy projects; and modernize coal mines of Khe Cham II & III.
Particularly, the sum will be used to exploit minerals in Laos.
This year, Vinacomin plans to produce 40 million coal, 370,000 tons of ores, assembly 400 automobiles, generate 1.135 billion kWh of electricity to make revenues of VND40 trillion (US$2.5 billion), including VND24.6 trillion from coal shipment.
(Investment)
Vietnamese
