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Vietnam coal mining industry vows shift towards sustainability

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Publish time: 24th March, 2016      Source: www.cnchemicals.com
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Vietnam will develop a technologically-advanced coal mining industry with high competitiveness moving towards sustainability in the next five years to contribute to ensuring energy security, Vietnam News reported on March 24.This was the overall goal of the coal industry’s development planning to 2020, with a vision to 2030, approved by Prime Minister Nguy?n T?n D?ng earlier last week.The planning said that advanced technologies would be applied in all processes, from exploration to processing to providing coal for domestic production, and especially coal for electricity production. In addition, all coal mines would meet environmental standards before 2020.According to the planning, export of coal would be under a close management in order to gradually reduce export volumes and only certain types of coal, which Vietnam did not have demand for in terms of consumption, would be allowed to be shipped abroad.This was necessary when Vietnam still had to import coal to make up for the shortage of coal for thermoelectricity production. The shortage was anticipated to become more severe by 2020.The planning estimated that coal output would reach between 47 million tonnes and 50 million tonnes in 2020, while the country’s total demand for coal was estimated at 86.4 million tonnes, of which 64.1 tonnes would be for electricity production. By 2030, Vietnam would need totally 156.6 million tonnes of coal, while the output was estimated to be between 55 million tonnes and 57 million tonnes.At a meeting held in November last year, the Vietnam Energy Association said that there would be a shortage of about 12 million tonnes of coal for electricity production in the next five years.CCR cordially invites you to participate in the 6th Global Coking Coal Resource & Market Summit to be held from 24th to 25th March 2016 in Taiyuan, Shanxi Province. The summit will provide professional insights on great changes that will impact market players over the mid and long term and how they should cement their positions in the market. For more details, please contact Gina Cao at +86 351 7219322 / gina.cao@fwenergy.com or click HERE.