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Coal and mineral industry fetches VND70,000 billion in 2010 revenue

In Uncategorized on January 12, 2011 at 7:07 am




Coal and mineral industry fetches VND70,000 billion in 2010 revenue


QĐND – Sunday, January 09, 2011, 22:18 (GMT+7)

The Vietnam National Coal Mineral Industries Group (VINACOMIN) earned nearly VND70,000 billion in 2010 revenue, 11 percent more than in 2009, in which coal exports reached VND21,000 billion, up by 21 percent over 2009.


On January 8, VINACOMIN organised a conference to review business and production activities in 2010 and worked out the 2011 plan.


Despite facing a lot of difficulties due to the impact of the global economic crisis, VINACOMIN still perform well, carrying out its business plans. As a result, in 2011, VINACOMIN contributed more than VND8,000 billion to the State budget, 25 percent more than in 2009 while its mineral exploration hit VND2,500 billion, up by 31 percent; electricity production reached VND2,300 billion, up by 131 percent over 2009.


Asides from this, the group restructured its enterprises and production management while implementing key projects on mining, thermal-electric power and exploring new coal mines.


Last year, VINANCOMIN ensured job provision and stable incomes for more than 1.3 million workers with a monthly average salary of VND6 million each, 5 percent more than the level of the year before.


In 2011, the group will continue to implement measures to gain more than VND72,000 billion in revenue, apply advanced technology to increase production efficiency and reduce workplace accidents.


The group will also ensure social welfare for workers as well as adopt measures for sustainable environmental protection in its exploration process.


Source: VOV


Source: QDND

Coal prices, electric rates to stay stable, vows ministry

In Uncategorized on December 21, 2010 at 9:30 am




Coal prices, electric rates to stay stable, vows ministry


QĐND – Monday, December 20, 2010, 21:26 (GMT+7)

Coal and power prices would not go up in the first quarter of 2011, said the head of the Ministry of Finance (MoF) Price Management Department, Nguyen Tien Thoa.


The ministry had taken the decision because prices of these two utilities often had a knock-on effect on other goods and services, which could lead to an unwanted general price rise, said Thoa at a press conference on Friday.


“Price fluctuations often occur at the end of the year owing to increased demand. Therefore, from now until early next year, MoF will focus on resolving difficulties in production. We want to balance supply and demand and to avoid any shortages, essentially in underprivileged areas.”


According to the General Statistics Office, the Consumer Price Index (CPI) is likely to hit 11 percent this year. Thoa said weaknesses of the economy had played a part in the increase.


”Growth depends mainly on increased investment but investment remains inefficient and competitiveness is low,” said Thoa at the press conference.


He added that the Ministry of Finance (MoF) had taken numerous steps to help stabilise prices.


“For example, MoF has instructed localities to use local standby budgets to provide non-interest capital for enterprises that trade reserved commodities; this will allow them to sell items at prices 5-10 percent lower than the usual market price,” Thoa said.


Thoa added that MoF had informed localities to delay the purchase of non-essential items to minimise demand-pull inflation.


“These classic solutions are significant if we want price stabilisation.”


MoF’s recent inspections in HCM City and several other southern provinces revealed that these localities had already stockpiled enough essential goods to meet local needs. Localities had also set up sales and distribution networks to better service underprivileged areas.


Thoa added the MoF had provided financial support to help regions facing severe weather to recover short-term vegetable crops and had urged local farmers not to export pigs, which were essential for the New Year holiday.


Forecasts predicted further economic recovery next year, which would lead to the increased demand for production inputs, and have an impact on prices.


“To that end, MoF will continue reforming the market-oriented pricing management mechanism, and respect enterprise and trader’s rights to set their own prices and forms of competition by replacing Pricing Ordinance by Pricing Law,” said Thoa.


“Next year, implementation of the market price scheme should be incorporated into the completion of the goods and service logistics system. We should also strive to reduce production costs and implement policies which ensure underprivileged households have access to basic social services including education, healthcare, and housing.”


Ensuring supplies


Deputy Minister of Industry and Trade Ho Thi Kim Thoa discussed measures aimed at market stability and ensuring adequate supplies of essential goods during Tet in meeting with officials from the HCM City Department of Industry and Trade last Thursday.


Department deputy director, Le Anh Dao, said firms had stockpiled 15,800 tonnes of rice and sticky rice, almost twice the quantity originally planned for. They had also put aside 9,800 tonnes of sugar (233 percent of the plan), 14,500 tonnes of meat, 5,200 tonnes of fruits and vegetables; and 55 million eggs.


At present, the Co.op Mart supermarket chain has stocks valued at 30 percent more than their planned value.


And it isn’t just firms that have signed up for a city price stabilisation programme that are stocking up; other companies are preparing for the year’s biggest festival which falls in early February this time.


German supermarket chain Metro has food stocks worth 1.1 trillion VND (56.4 million USD).


French supermarket Big C also has large stocks and has promised to keep prices and supply relatively stable for the next two months.


The MoIT has instructed the Department to continue working closely with firms to keep prices of goods like petrol, cement, and food stable during Tet.


Besides the eight essential goods targeted under the programme, authorities should also ensure adequate supply of cakes, candies, and jams for the Lunar New Year, Thoa said.


He said cities needed to ensure that all markets sell goods covered by the price stabilisation programme.


The Department of Transport should also give rush hour priority to vehicles delivering to supermarkets and shopping malls.


Source: VNA


Source: QDND

Twelve killed in China coal mine flood: media

In Uncategorized on October 28, 2010 at 7:10 am

Twelve workers were killed and one injured in a flood in a coal mine in southwest China’s Guizhou province, state media said Thursday.

A Chinese miner unloads coal from a train in eastern China’s Anhui province.

The brief report by the Xinhua news agency did not provide further details of the accident, the latest to strike the country’s notoriously dangerous mining sector.


More than 2,600 miners were killed in job-related accidents last year, according to official data — or about seven people a day. Independent labour groups say the actual number of deaths is probably much higher.

Source: SGGP

Three dead in Quang Ninh coal mine collapse

In Uncategorized on August 15, 2010 at 11:21 am

The entrance of the cola mine which collapsed August 13 killing three workers and injured the other (Photo: Tien Phong Newspaper)

Three workers found dead and one alive after a coal mine, where they were working at a depth of over 100 meters under the ground, collapsed in Cam Pha town of the northern province of Quang Ninh on August 13 night.


At 2pm on August 14, rescue forces found and took the four trapped men out of the mine. Only Viet has fortunately escaped the death as a steel net covered his body, creating an empty space for him to breathe amid the huge heap of soil and stones.


The accident occurred at the coal mine of Mong Duong Coal Company. The four victims include deputy foreman Nguyen Thanh Binh, 38, and three workers Ngo Van Dau, 27, Nguyen Van Doan, 25, and Nguyen Van Viet, 22.

Source: SGGP

China coal mine explosion traps 46 people

In Uncategorized on June 21, 2010 at 12:33 pm

An explosion in a central China colliery on Monday left 46 miners trapped, state media reported, in the latest accident to hit the country’s notoriously dangerous mining sector.


The blast happened near Pingdingshan city in the central province of Henan, the official Xinhua news agency reported, citing the State Administration of Work Safety.


State television said that a store of gunpowder kept underground at the Xingdong No. 2 Mine had detonated at about 1:40 a.m. (1740 GMT) with 72 miners working at the time.


Following the accident, 26 miners were brought to safety, according to Xinhua, which added that a search and rescue operation had been launched to find the remaining 46 missing miners, state television said.

File photo shows a rescued miner being treated in northern China’s Shanxi province following flooding in a coal mine.

China’s vast coal mining industry is notoriously accident-prone because of lax regulation, corruption and inefficiency as mines rush to meet soaring demand. China relies on coal-generated power for about 70 of its electricity needs.


A total of 2,631 miners were killed in China last year, according to official figures, but independent labour groups say the actual figure could be much higher as many accidents are covered up to avoid costly mine shutdowns.


In March, a flood at the huge, unfinished Wangjialing mine in the northern province of Shanxi left 153 workers trapped underground. A total of 115 were recovered alive, in what was seen as a rare successful rescue for the industry.


Zhao Tiechui, head of the State Administration of Coal Mine Safety, said in February that China would need at least 10 years to “fundamentally improve” safety and reduce the frequency of such disasters.


“Awareness of safety and the rule of law is still low in some coal-rich areas and some coal enterprises,” he said.


As part of its efforts to increase safety standards, the central government has levied heavy fines and implemented region-wide mining shut-downs following serious accidents.


But such actions have resulted in the under-reporting of accidents as mine bosses seek to limit economic losses, labour rights groups maintain.


The March disaster in Shanxi province set off a new round of official pledges to make the industry safer, but since then several other accidents have been reported, leaving dozens of miners dead.


The issue of mining safety is sensitive in China, as the workers that toil in mines are largely poor migrants whose interests the ruling Communist Party has vowed to protect.


Following Monday’s accident, Zhao and Luo Lin, who is head of the state work safety bureau, travelled to the site in Henan to personally oversee rescue efforts, state media reports said.

Source: SGGP

China coal mine explosion kills 17 workers

In Uncategorized on May 30, 2010 at 9:16 am

BEIJING, May 30, 2010 (AFP) – An explosion at a colliery in central China has killed 17 workers, a provincial official said Sunday.

The blast happened on Saturday in Hunan province’s Rucheng county, an official with the provincial work safety bureau, who refused to be named, told AFP.


“Rescue work has ended,” he said, without providing further details.


According to the official Xinhua news agency, the explosion happened inside the pit where dynamite was being stored and there was also a build-up of poisonous gas.


A total of 18 people were working underground at the time, and one survived with injuries, Xinhua said.


Police and work safety officials are investigating the cause of the blast, the report said.


Around 2,600 people were killed last year in China’s vast mining industry due mainly to lax regulation, corruption and inefficiency, according to official figures.


Earlier this month, 21 workers were killed in a gas blast at a colliery in the southwestern province of Guizhou.

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Source: SGGP

Stranded coal carrier threatens Great Barrier Reef

In Uncategorized on April 5, 2010 at 9:32 am

SYDNEY (AFP) – Australian authorities were Monday battling to prevent a badly damaged Chinese coal carrier stranded on the Great Barrier Reef from spilling tonnes of oil into pristine waters teeming with marine life.


The Shen Neng 1 ran aground on Saturday when it hit a shoal off the eastern state of Queensland at full speed, apparently breaching a fuel tank and causing a three-kilometre (two-mile) slick in the scenic tourist spot.

Oil leaks from the Chinese coal carrier the Shen Neng 1 after the vessel ran aground on Australia’s Great Barrier Reef off the coast of the state of Queensland late on April 3. (AFP/Queensland Government photo)

Authorities remain concerned that the ship, which is being hit by a two to three-metre swell and grinding against the reef, may break up but professional salvage experts on board believe that risk has diminished.


“The ship is stuck on a shoal and wave action is meaning that it’s moving,” Marine Safety Queensland (MSQ) spokesman Mark Strong told AFP.


“Every time that happens you increase the risk of damage to the structure.


“The assessment as of now from the salvors is that the ship is reasonably stable.”


The Chinese-registered carrier, which is loaded with 65,000 tonnes of coal and about 975 tonnes of heavy fuel oil, is stranded 70 kilometres east of the resort destination Great Keppel Island.


One tug boat was already at the scene trying to stabilise the vessel and another will arrive early Tuesday, while aircraft were being used to monitor the spill in waters that are home to hundreds of species of coral and fish.


“In the current conditions we are reasonably assured, as far as we can be, that there will be no catastrophic break-up of the ship, but if the weather turned bad it will be another problem,” MSQ general Patrick Quirk said.


The vessel hit Douglas Shoal at the southern end of the Great Barrier Reef Marine Park, 15 nautical miles outside the nearest shipping channel, at full speed.


Authorities said the damage was serious, confirming that the rudder was seriously damaged, the ship’s double bottom tanks which provide buoyancy had been breached and one of the fuel tanks had also likely been breached.


So far, however, the oil spill has been limited to about three or four tonnes. After dispersant was used on the slick on Sunday, workers will now place a boom around the oil to prevent it from spreading further.


Queensland Premier Anna Bligh said salvage teams were assessing how they might be able to refloat the China-bound carrier, including removing all the oil from the ship first.


“This is going to be a very specialist and delicate operation,” she told the Nine Network.


“If this ship was to break further apart, if there was another very significant oil spill, then we would not only see tonnes of oil into the Great Barrier Reef Marine Park but modelling shows it is likely to come up onto the beaches of Shoalwater Bay, which is a national park area.”


Bligh said the vessel was in a restricted zone of the Great Barrier Reef which was “totally off limits” to shipping and the government would investigate why the ship was so far off course.


The carrier’s Chinese owners, a subsidiary of Cosco Group, could be fined up to one million dollars (920,000 US) and the captain handed a 250,000 dollar penalty over the incident, she said.


The accident, which follows a large oil spill from the container carrier Pacific Adventurer in March 2009 which polluted Queensland beaches, has prompted warnings from conservationists about the impact on the reef as shipping increases.


The number of seaborne exports of coal and natural gas is set to surge in the coming decade as Queensland opens new resource developments to supply Asia’s growing energy needs.


The Great Barrier Reef, which covers 345,000 square kilometres (133,000 square miles) along Australia’s northeast coast, is a major tourist attraction and home to hundreds of species including dugongs, dolphins and sea turtles.

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Source: SGGP

Race on to rescue 153 trapped Chinese coal miners

In Uncategorized on March 29, 2010 at 9:53 am

 Rescuers raced Monday to free 153 coal miners trapped by a flood that may have started when workers digging a new mine in northern China accidentally broke into a network of old, water-filled shafts.


Such derelict tunnels are posing new risks to miners across China even as the country ramps up safety in its notoriously hazardous mines, where accidents kill thousands each year.


Rescuers raced to pump water from the Wangjialing coal mine in north China‘s Shanxi province that started flooding Sunday afternoon, officials said. The state-owned mine about 400 miles (650 kilometers) southwest of Beijing was under construction and had been scheduled to start production later this year, the China Daily newspaper reported.


The accident could be one of the worst mining disasters in recent years if rescue efforts fail and would set back marked improvements in mining safety.


Some 261 workers were inside the mine when it flooded, and 108 escaped or were rescued, China’s State Administration of Work Safety said in a statement on its Web site early Monday.

File photo shows miners entering a coal mine in China

Fan Leisheng, one of the miners who escaped, described the sudden rush of water that tore through the mine.


“It looked like a tidal wave and I was so scared,” Fan told China Central Television. “I immediately ran away and looked back to see some others hanging behind. I shouted at them to get out. It was unbelievable because I got out from 1,000 meters (3,280 feet) underground.”


Pipes and pumping equipment were rushed to the site and water was being pumped out of the mine, Liu Dezheng, a chief engineer with the work safety bureau in Shanxi, said during a televised news conference Monday.


China Central Television showed workers pushing trolleys loaded with water pipes toward the mine and a row of ambulances standing at the ready.


The official Xinhua News Agency reported that President Hu Jintao ordered local authorities to “spare no effort” in saving the trapped workers.


Officials have yet to declare the cause of the accident but experts said it was likely that workers broke into the old shafts or pits of derelict mines that had filled with water.


“It could be that they broke into old workings, works that were not properly mapped out,” said David Feickert, a coal mine safety adviser to the Chinese government. “That’s a common problem with flooding, and Shanxi is an area where they have very extensive mining, a lot of old mines.”


Though China’s mining industry is still the world’s deadliest, it has dramatically improved its safety record over the last seven years, said Feickert, who is based in Wanganui, New Zealand and Beijing.


Accidents killed 2,631 coal miners last year, less than half the 6,995 deaths in 2002, the most dangerous year on record, according to the State Administration of Coal Mine Safety. That means on average more than seven miners die every day, down from 19.1 in 2002.


The decline in deaths comes amid a ramping up in the mining of coal, which fuels about 70 percent of China‘s voracious energy needs.


Much of the safety improvement has come from shutting down smaller, labor-intensive operators or forcing them into mergers with better-funded state companies.


Lu Jianzhang, a former researcher with the China Coal Research Institute in Beijing, also said that he suspected old mine shafts were to blame. If that were the case, it could brighten the prospects of finding survivors, he said.


“Since the amount of the water is limited and runs out after the initial flood, there is still probably hope for miners’ survival,” Lu said.

Wangjialing’s parent company, Huajin Coking Coal Co., is co-owned by China’s second-largest coal mining company, the China National Coal Group Corp., with the remaining 50 percent stake owned by the Shanxi Coking Coal Group Co., another major miner.

The worst accidents in recent years include a coal mine flood in eastern Shandong province in August 2007 that left 172 miners dead and a mine blast in northeastern Liaoning province in February 2005 that killed 214 miners.

Source: SGGP

Laos beat Coal to third place

In Vietnam Sports on October 24, 2009 at 3:02 am




Laos beat Coal to third place


QĐND – Friday, October 23, 2009, 21:14 (GMT+7)

Laos took third place in the International Women’s Football Tournament after beating Coal and Minerals 2-1 in Quang Ninh province’s Cua Ong Stadium on Oct. 22.


As the host, Coal and Minerals needed only a draw to fulfill their goal of being in the top three.


Laos were totally transformed as a team when they chose to go on the attack. Their tactic almost paid off in the eighth minute of the match when Sophavanh Phayvanh fired a shot over goalkeeper Nguyen Thanh Hao but it hit the right upright.


A clear chance missed inspired the visitors, who will host the Southeast Asian Games later this year.


After that near miss, they wasted no time launching another attack.


Laos were given a free kick on the right wing after Vietnamese defenders brought down a Lao striker. The free kick unsettled Vietnam’s Dang Thi Ly, who in trying to head the ball away scored an own goal in the 10th minute.


It was Ly’s second own goal of the tournament. She scored an own goal in the opening match of the tournament on October 16 against Thailand.


It was also Laos’ first goal of the tournament.


Head coach Doan Minh Hai rotated Bui Thi Phuong, Vu Thi Lanh, Le Thi Hien and Le Thi Hoai Thu to test Lao goal keeper Chulapan but she was more than up to the task until the host team scored five minutes after the break. Phuong received a perfect pass from Vu Thi Hien before making a solo run from midfield to the penalty area and levelling the score.


The host team began to take control of the game and Phuong, Tuyet, and Thu created a number of chances, but they all went unconverted.


In the 75th minute, Phuong came face-to-face with Chulapal but the Vietnamese’s shot was too light and was easily saved.


Chulapal then made a great throw to start a counter-attack by Phayvanh who fired a shot into the right corner.


Laos took three points from the game and pocketed 20 million VND (1,450 USD) for coming third. Coal, who finished in second place last year, ended the tournament with three losses.


The final match of the tournament today is between the national teams of Vietnam and Thailand . The winner of the game will take the trophy and a cash prize of 40 million VND (2,900 USD). The runners-up will get 30 million VND.


Source: VNA


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Next year’s coal production aims to hit 33.5 million tonnes

In Uncategorized on December 20, 2008 at 7:59 am

Quang Ninh (VNA) – The Coal and Mineral Industrial Group has set itself the target of producing 33.5 million tonnes of coal in 2009.

The total sales target for next year has been set at 36 million tonnes, which includes 2.5 million tonnes stockpiled in reserve stores.

The coal and mineral industry’s 2009 targets, which also include 9,000 tonnes of copper, 6,500 tonnes of tin and 300 kg of gold, were announced at a business conference held in the coal-mining province of Quang Ninh on Dec. 19, where numerous contracts between producers and buyers were signed.

To attain these figures, the group said it would focus on marketing and looking after its workers. The group pledged to implement a range of proactive measures, such as the expansion of its sales network to boost domestic market share, while tightening up the monitoring of coal production to put a stop to illegal exploitation.

Exports were also in the focus at the workshop, with exporters being urged to speed up coal screening and processing procedures, particularly of low-energy coal, in an effort to improve the quality of their products.

The group vowed to increase levels of labour safety through the installation of fire-alarm systems in the coal mines.-