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Vinacomin to become strong economic group
The Viet Nam National Coal and Mineral Industries Group (Vinacomin) has targeted an annual growth rate of 6-7 per cent and to ensure national power security.
The target of the country's largest coal supplier is included in its development plan for 2011-15, approved by Prime Minister Nguyen Tan Dung.
Dung asked the group to take full advantage of its resources to improve its competitive capacity to develop coal, minerals, electricity, mechanics, chemical and construction materials.
Vinacomin is scheduled to explore part of the coal basin of the Hong (Red) River Delta and will carry out experimental exploitation in mines where geology is favourable.
The group has set a target to renovate technology to increase its exploitation capacity of 61 mines in the North Western coal basin. It will invest to build 28 mines, each with a capacity of up to 2 million tonnes per year. Sixteen mines will be in Uong Bi, ten in Cam Pha and two in Hon Gai townships.
Vinacomin also plans to expand open-cast mines by applying advanced technology to increase their yields. For the Khanh Hoa open-cast mine in northern Thai Nguyen Province, the group will build a pit to exploit the coal underneath.
The five-year plan also shows that the group is prepared to operate the existing coal thermal power plants safely and effectively and put into operation six other power plants, including Mao Khe with a capacity of 440MW, Cam Pha II 330MW and Cam Pha III 270MW.
Vinacomin also will continue its investment to build two thermal power plants in central Nghe An province and northern Hai Phong City so they can operate on schedule.
The group will continue to research and invest in coal thermal power plants with the PM's approval. It will also buy or invest in coal mines in foreign countries to ensure stable material sources.
vietnamnews
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