Vietnam May Raise Coal Prices Next Year
Posted on: Wednesday, 5 October 2005, 09:00 CDT
Vietnam may raise coal prices next year
HANOI, Oct. 5 (Xinhua) -- Vietnam is likely to increase prices of coal products between 31-57 percent in the domestic market in 2006, due to mainly the rising production cost, the Vietnam Coal Corporation (Vinacoal) told Xinhua Wednesday.
"We're waiting for the government's approval to our proposal. The price hike'll be applied to coal products sold to power, cement, paper and fertilizer industries," the state-owned corporation said, adding that its production cost is estimated to rise 15.6 percent this year over last year.
Vinacoal, the country's biggest coal producer, which currently sells its products for average 427,500 Vietnamese dong (27 US dollars) per ton, plans to produce 30 million tons of coal next year.
The country is expected to exploit nearly 47.6 million tons of coal in 2010, and over 64.4 million tons of the mineral in 2020. It plans to sell some 14 million tons of coal overseas this year, up 32 percent against last year, of which 9 million tons are expected to go to China, Vinacoal said.
Vietnam, which exported more than 10.6 million tons of coal valued at 319 million dollars to over 20 countries and regions last year, shipped abroad over 11.3 million tons of coal valued at 437 million dollars in the first nine months of this year, posting year- on-year respective surges of 35.6 percent and 78.9 percent.
Source: Xinhua News Agency - CEIS
Related Articles
- Hoku Secures Power for 4,000 Metric Tons of Polysilicon Production
- Stressed Employees 4.4 Percent Less Productive at Work, Gordian Health Solutions' Research Finds
- Encore Acquisition Company Announces 20 Percent Annual Production Growth, Full Year and Fourth Quarter 2007 Results
- Hidalgo Mining (HMIT) Completes Purchase of Goldfield Alaskan 50-Ton Per Hour Production Plant
- NetManage Product Suite Increases Customer Performance Up to 300 Percent; Updated Products Extend Customer Capabilities and Offer Seamless Transition to Windows Vista
- Sparton Acquires Rights to Test and Acquire High Uranium Coal Deposit and Germanium Production Operations in Yunnan China
- Ohio Coal Miners Could Double Production to Serve Developing Scrubber Market
- NE China Province to Close Down 200 Coal Mines With Serious Production Hidden Dangers
- More Than 5,000 Coal Mines to Suspend Production for Safety Reasons
- Over 5,000 Chinese Coal Mines to Suspend Production for Safety Reason
 |
 |
User Comments (0)
RSS Feeds