Vinacomin coal sales down slightly in 1H15
Published by Jonathan Rowland,
Editor
World Coal,
Vietnamese coal mining company, Vinacomin, recorded sales of 18 million t for 1H15, 2.8% lower than in 2014, according to a company statement.
Domestic sales fell slightly as some cement producers did not honour contracts to buy coal and the company suspended other deliveries due to non-payment for previous shipments.
Meanwhile, export volume fell dramatically to 704,000 t – only 18% of last year’s total – as the country aims to boost power generation from its coal resources.
In 3Q15, the company plants to sell 7.8 million t of coal with full year sales volumes targeted at 35 – 36 million.
Written by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/22072015/vinacomin-coal-sales-down-slightly-in-1h15-2606/
You might also like
Queensland job losses highlight urgent need for coal royalty reform
The Queensland Resources Council (QRC) says the State Government must urgently reform the coal royalty regime to protect jobs and the state’s economy.