Regional Coal: Vietnam?s Vinacoal pumps out 19 MT in eight months
Tuesday, September 6 2005 - 05:01 AM WIB
The Vietnam Coal Corporation (Vinacoal) said it had sold 19 million tons of coal in the first eight months of this year, an increase of 40 percent over the corresponding period last year, the Vietnam News Agency reported Tuesday.
Of the figure, export and domestic sales were up by 40 percent and 11 percent, respectively, due to higher demand on the domestic and regional markets, especially China.
However, Vinacoal reported that information on earnings was not available yet.
The country largest coal supplier has targeted the production of 2.8 million tons of coal this month, 50 percent of which will be exported.
Vinacoal, which has 29 open-cast coal mines, 14 pits and three sorting centers, sold 24 million tons of coal last year.
The corporation said it aims to produce 35-40 million tons of coal by 2010, earning US$2.5-3 billion. (*)