The State-run Vietnam National Coal, Mineral Industries Holding Corporation Limited (Vinacomin) has recently held a meeting to review business performances, cost management and payroll in 2010 and approve major objectives and administration measures in 2011. Last year, the mining group intensified the application of advanced techniques, technologies and expense administration to boost up production and business performances, coordinated with its affiliated companies to apply synchronous measures to cut electricity consumption by 10 percent, administrative expenses by 8 percent, fuel costs by 1.5 percent and other expenses.
Many affiliated companies outstandingly reduced costs and boost up business performances. Notably examples are Hon Gai Coal Joint Stock Company, Ha Lam Coal Joint Stock Company, Mong Duong Coal Joint Stock Company, Nui Beo Coal Joint Stock Company. The group’s cost management system was strengthened and supplemented with some new regulations related to the delivery, quantification and quality of coal. The group also rescheduled salary payment, managed materials, and completed the process of delivering coal to transporting and processing companies. Besides, Vinacomin continued investing in technological renovation and installed automatic gas monitoring system in 25 mines.
Vinacomin Group set great stores by the development of coalmines. In the first four months of 2011, it was estimated to clear 78,000 cubic metres, up 17 percent year on year, and dig some 118,900 meters of coalmine, an increase of 14 from the same period in 2010.
Clean coal output in April was estimated at over 4 million tonnes, up 9.8 percent from the same month in 2010, totalling 14.9 million tonnes in the first four months of the year, up 3.1 percent on year. Coal sales were forecast to reach 13.8 million tonnes, of which the domestic market consumed 10.1 million tonnes, up 33.6 percent, but foreign markets took away only 3.7 million tonnes, down 41.1 percent year on year. Inventories continued to rise, reaching some 6.1 million tonnes, of which 3.6 million tonnes were dust coal.
Mineral production kept expanding in the first four months. Tin ingot output was projected at 377,000 tonnes, representing a 2.7 time increase from a year ago; bronze sheet output was predicted at 2,400 tonnes, up 72 percent; zinc ingot production was estimated at 3,600 tonnes, up 12 percent; cast iron output totalled 4,200 tonnes, up 26.0 percent; gold production was estimated at 69 kilos, up 2.2 times.
Vinacomin also coordinated with competent authorities of Quang Ninh province to put an end to illegal coal production, processing and transportation. 417 illegal coal mines were detected and treated in the reporting period.
The group also made progress in payroll and employment treatment policies. Average income of a full-time employee was VND7.454 million a month. Coal workers were paid higher on average of VND7.618 million per person per month.
In 2011, the group will focus on solutions to improve operating capacity of equipment and coalmines to raise the productivity by least 5 percent from 2010, increase at least 10 percent of salary for workers; etc.
Minh Nghia
Vietnamese
