Coal consumption faces difficulties
The coal consumption in the first half of this year faced difficulties and the inventory remains high at about 8 million tonnes.
The announcement was made during a conference held by the Vietnam National Coal – Mineral Industries (Vinacomin) in the northern province of Quang Ninh on July 15 to review and implement the group’s business plan for 2015.
In the first six months of this year, the group exploited a total of 21.1 million tonnes of crude coal.
However, the consumption of coal in the period reached only 18 million tonnes, accounting for only 97.2% of the same period last year. Of the 18 million, the group sold 704,000 tonnes for export, 18% of the same period in 2014.
In the third quarter of this year, Vinacomin targets to sell at least 7.8 million tonnes of coal, including 7.55 million tonnes in the domestic market and 250,000 tonnes for exports.
In the first six months of this year, the group exploited a total of 21.1 million tonnes of crude coal.
However, the consumption of coal in the period reached only 18 million tonnes, accounting for only 97.2% of the same period last year. Of the 18 million, the group sold 704,000 tonnes for export, 18% of the same period in 2014.
In the third quarter of this year, Vinacomin targets to sell at least 7.8 million tonnes of coal, including 7.55 million tonnes in the domestic market and 250,000 tonnes for exports.