US$5.1Bln Sought for Coal Production by 2025
More than VND81.6 trillion (US$5.1 billion) has been suggested for coal production between now and 2025, an average of US$270 million a year, according to the coal industry development plan for 2006-2015, and vision towards 2025.
Of the total sum, new investment capital will account for over VND56.7 trillion ($3.54 billion).
The plan, which was worked out by the Industry & Mining Investment Consultancy Joint Stock Co. under the Vietnam National Coal and Mineral Industries Group (Vinacomin), is now being appraised by the Ministry of Industry along with relevant bodies.
Under the plan, the industry will raise its total output from 40 million tons this year to some 50-55 million tons in 2015 and 59-66 million tons in 2025.
The coal industry will boost exploitation at open-cast mines, especially raise exploiting capacity at mines such as Deo Nai, Coc Sau, Cao Son, Khe Cham II, Dong Lo Tri, Ha Tu, Khanh Hoa.
Vietnam is forecast to import the entire volume of fat coal for coke refining or import coke coal as its fat coal exploitation capacity for steel refining is modest, just around 220,000 tons a year.
In the first nine months of this year, the coal industry reported its output at 27.27 million tons, up 20.1 per cent on-year. Of which, 19.79 million tons were exported, an on-year increase of 68.3 per cent.
Vietnam & World Economy
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