Vinacomin to Export 20Mln Tons of Coal in 2006

The Vietnam Coal and Mining Industries Group (Vinacomin), the country’s largest coal producer, expects to export 20 million tons of coal this year, earning US$718.5 million, compared with the entire sector’s figures last year of 17.9 million tons and US$658 million, respectively.

 

Initially, Vietnam planned to ship abroad 14 million tons of coal in 2006.

 

Vinacomin will sell 2.8-3 million tons in November and December this year. In the first ten months, the group exported 17.138 million tons, up 51 per cent on-year, obtaining US$599.74 million, a rise of 28.6 per cent on-year. The company said it aimed to raise annual coal production capacity from the current 40 million tons to 55 million tons in 2015, to meet the increasing demand for coal in both domestic and international markets.