Vinacomin Purchases US$6.25Mln Coal Mining Line from Germany
State-owned Vietnam Coal and Mineral Group (Vinacomin) has signed a deal with Koch Corporation of Germany to import a 3.5-km tube coal production line worth VND100 billion (US$6.25 million), the mouthpiece of the communist-ruled State reported.
The equipment will be installed for Mao Khe mine in the northern province of Quang Ninh, said a Vinacomin official, noting that once operational by end of 2007, the line is expected to convey two million tons a year.
Considered as the latest model in Vietnam, the equipment will significantly boost the coal exploitation and protect the environment, the official added.
The coal reserve in Vietnam is estimated at 220 billion tons, and the largest coal mines are situated in northern Quang Ninh province, Vinacomin said.
Vietnam is estimated to export 19,120 trillion tons of coal and rake in US$598 million in the first seven months of this year, said the state-run General Statistics Office. (The People)
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