EVN reaches coal agreement

vietnamnews

Update: September, 08/2017 – 15:53

Tây Nam Đá Mài Coal Mine of Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) in northern Quảng Ninh Province. — VNA/VNS Photo Trọng Đạt
Viet Nam News HÀ NỘI — The Electricity of Việt Nam (EVN) and its coal supplier Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) have finally reached an agreement on coal selling prices for power production.

The agreed price, which has not yet been disclosed, has come into effect from September 1, according to the Ministry of Finance. Tiếp tục đọc “EVN reaches coal agreement”

Vietnam’s coal giant cries for help as unsold stock nears 10mn tons

TUOI TRE NEWS

Updated : 06/21/2017 19:17 GMT + 7

Vietnam’s biggest coal and mineral enterprise has called on the government to offer preferential treatment to clear its massive unsold inventory, but was told to find thorough solutions to its own problems instead of crying for help.

State-run Vinacomin currently has 9.3 million metric tons of coal in unsold stock, and the problem will worsen as one of its biggest buyers, Vietnam Electricity (EVN), has plans to cut its order by two million tons this year.

The coal giant lamented at a meeting with a working team of the government in Hanoi on Monday that the order reduction from EVN could see some 4,000 Vinacomin employees lose their jobs. Tiếp tục đọc “Vietnam’s coal giant cries for help as unsold stock nears 10mn tons”

Developer remains upbeat as Vietnam’s bauxite project logs $165mn loss

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Báo Tuổi Trẻ English2 day(s) ago 4 readings

A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.

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A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.

Vietnam currently has two major bauxite mining projects, Nhan Co in Dak Nong Province and Tan Rai in Lam Dong Province, both developed by Vinacomin, the country’s state-run coal and minerals giant.

Bauxite, an aluminum ore, is the world’s main source of aluminum.

Nguyen Van Bien, Vinacomin’s deputy general director, confirmed to Tuoi Tre (Youth) newspaper that the Tan Rai bauxite plant has been operating at a loss. Tiếp tục đọc “Developer remains upbeat as Vietnam’s bauxite project logs $165mn loss”