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Vietnam plans biggest coal mining project
State coal monopoly Vinacomin is drawing up plans to produce coal from Vietnam's biggest deposit in the northern region, the government said.
The deposit, located in an area of 3,500 square km spanning five northern provinces, Hung Yen, Nam Dinh, Thai Binh, Hai Duong and Hai Phong, is estimated to hold 210 billion tons of coal, the government said in a report seen on Friday.
The Red River Delta Coal Basin is about 20 times larger than the country's current biggest coal deposit in the northern province of Quang Ninh, the report said.
“The Red River Delta Coal Basin will be developed through cooperation and joint ventures with foreign partners,” it said, without naming the foreign firms interested in the project.
“The project will create the country's biggest clean energy center, helping ensure national energy security by 2025,” it said.
Vinacomin and the Ministry of Industry and Trade are to submit a feasibility study to the government in July.
Local media quoted Vinacomin as saying it would invest VND73 trillion (US$5.97 billion) to develop 1 1 projects in the basin.
Vinacomin, a major coal supplier to China and Japan, has said it planned to export 22 million tons of the fossil fuel this year, up from 19.7 million tons last year.
thanhnien, Reuters
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