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
Electrification in Mining virtual conference
Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.
Industry veteran joins Arch Resources as Senior VP and COO
Arch Resources, Inc. has announced that George J. Schuller Jr has joined the company as Senior VP and COO, effective immediately.