Vietnam National Coal and Mineral Industries Group

Hanoi (VNA) – The Vietnam National Coal and Mineral Industries Group
announced new coal prices for electricity generation on March 3.

The price of coal dust No 4B sold to power plants is set to rise by 47 percent to
648,000 VND (34 USD) per tonne, while that of coal dust No 5 will increase by 28
percent to 520,000 VND (27 USD).

Deputy director of the group Nguyen Van Hai said that the price adjustment was for
the group’s reinvestment activities.

According to Hai, the group is investing in five new coal mines with an estimated
capacity of 1.5 million tonnes to 2 million tonnes per year at an expected
investment capital of between 2 trillion VND and2.5 trillion VND (105.3 million
– 131.6 million USD) each.

The increase would also help the group raise miners’ salaries, Hai said, adding
the group the group is also considering adjusting coal prices for other
industries.

According to the group’s forecast, Vietnam will have to import coal for the
next three years and the group has set up a special team to prepare for import
activities in the future.-Enditem




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