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Mining group looks to higher revenue in 2019

The Vietnam National Coal and Mineral Industries Group (Vinacomin) has set the goal of earning a total revenue of 128 trillion VND (5.5 billion USD) in 2019, nearly 69 trillion VND of which will be from coal production.
Mining group looks to higher revenue in 2019 ảnh 1Loading coal at Vinacomin's KM6 port (Source: VNA)
Quang Ninh (VNA) - The Vietnam National Coal and Mineral Industries Group(Vinacomin) has set the goal of earning a total revenue of 128 trillion VND (5.5billion USD) in 2019, nearly 69 trillion VND of which will be from coalproduction.

During aconference held in the northern province of Quang Ninh on December 26, thegroup said it will focus on mining projects and strive to produce about 40million tonnes of coal, import around 4.6 million tonnes, and market roughly 42million tonnes. The inventory is estimated at nearly 4 million tonnes by theend of next year.

In order toachieve such goals, Vinacomin will continue improving coal consumption,specialising coal transportation and trade. It will also build plans to sellcoal mined in Hon Gai and prepared at Lang Khanh port for Quang Ninh and ThangLong thermal power and Thang Long cement plants.

At the sametime, it will strengthen the management of natural resources, product quality,environment safety and protection, and protect coal in mines to prevent tradefraud.

As for export,Vinacomin will churn out high-quality products to serve such traditionalmarkets as Japan and the Republic of Korea.

The workers’average salary will reach 11.3 million VND per month, up 4.7 times from 2018.

The same day,Vinacomin signed contracts on coal and mineral resources exploitation and sortingwith its affiliate companies.-VNA
VNA

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