Vietnam National Coal, Minerals Industry Holding Corporation Limited recently held a preliminary meeting to review production in the first 9 months of 2011 and set tasks for the fourth quarter. Thanks to the efforts into the business-production operation, all of the economic-technical indicators of Vinacomin from the beginning of the year had been basically completed, fulfilling over 75 percent of the yearly plan.
In the first nine months, the Vinacomin raked in VND65,682 billion from sales, nearly 90 percent of the plan for the year, and a 19 percent increase over the same period. In particular, coal production reached 35.6 million tonnes, and consumption was 32.6 million tonnes. Besides, Vinacomin produced and consumed 4,798 million kWh of electricity, 48 thousand tonnes of industrial explosives, sales volume and business services, trade increased on average by 5 percent over the same period. A number of its affiliates completing production tasks in the first 9 months include Mong Duong, Ha Lam, Nui Beo, and Hon Gai.
From now until the end of the year, Vinacomin strives to fulfil the plan set by Ministry of Industry and Trade, attaining revenue growth of about 15 percent, and salary of 7.5 million /person per month. To achieve that result, the Vinacomin members will focus on increasing production of fine coal to actively ensure sufficient coal for domestic consumers such as cement and thermal power producers. The group applies new technologies to improve the grade of coal, implementing solutions to speed up construction to meet increased production requirements; Accelerate the construction of transport infrastructure projects for coal, frequently inspecting to ensure the safe and proper delivery of coal. Also, coordinate with other agencies to implement the management of mining and mine protection boundaries.
In the first nine months, the main business indicators show Vinacomin at 72-75 percent of the year’s plan, occupational accidents decreased significantly; salary of workers has increased; and work security is maintained.
In September, Vinacomin organized the third auction of coal export in 2011. This auction included three categories of coal HG-11A, VD-11A and MK-12A. At the auction, 11 valid bids were opened publicly. Three winning customers were: Qinfa Trading Company Limited (Hong Kong) - VD-11A with the price of 89.86 USD per ton; Fujan Company (China) - HG-11A with the price of 93.66 USD per ton; and Guangxi Pingxiang Co (China) - MK-12A with the price of 65.7 USD per ton. Many auctions are organized each year with varieties of coal to adjust export prices suitable to the market, ensuring openness and transparency.
In the fourth quarter of 2011, Vinacomin will direct all subsidiaries to boost production during favourable weather, fulfilling the plan to create momentum for next year. Also, the subsidiaries should pay attention to work safety, improve operating effectiveness, especially in consultancy and management, to accelerate the progress of key projects such as underground mining projects (Khe Cham III, Khe Cham II-IV, Nui Beo), Cao Bang cast-iron and steel, and Tan Rai aluminium.
Huong Ly
Vietnamese
