Vietnamese Mining Group Records $3.6bn Revenue for 2010

11 January 2011 (Last Updated January 11th, 2011 18:30)

The Vietnam National Coal Mineral Industries Holding Corporation (Vinacomin) recorded a total revenue of VND69,600bn ($3.57bn) in 2010, with an investment of around VND24,580bn ($1.26bn). Vinacomin produced 46.8 million tonnes of coal in 2010, which is 100.8% of the year plan, marki

The Vietnam National Coal Mineral Industries Holding Corporation (Vinacomin) recorded a total revenue of VND69,600bn ($3.57bn) in 2010, with an investment of around VND24,580bn ($1.26bn).

Vinacomin produced 46.8 million tonnes of coal in 2010, which is 100.8% of the year plan, marking a 6.7% increase from 2009.

As part of the Vietnamese Government's goal of reaching 55 million tonnes of coal by 2015, the corporation completed key mining projects in preparation.

Vinacomin has set up a plan for 2011 to improve productivity, business quality, enhance the application of new technologies and the production of coal, minerals and power generation.

The corporation also planned for a capital construction of VND34,400bn ($1.7bn) in 2011, and expects total turnover to reach VND72,876bn ($3.7bn).