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Saturday, 23 June 18
COAL GROUP TARGETS 9 PER CENT REVENUE SPIKE - VIET NAM NEWS
Coal ExcavatorViet Nam News reported, the Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) in revenues in 2018, up 9.3 per cent year-on-year.
 
It also plans to contribute VNĐ14.5 trillion to the State Budget, up VNĐ900 billion compared to its annual target.
 
In the first six months of this year, the group’s coal production reached 20.27 million tonnes, reaching 57 per cent of its yearly target. Coal consumption touched 21.6 million tonnes, equivalent to 60 per cent of the year’s target, of which 20.7 million tonnes were consumed domestically while 900,000 tonnes were exported.
 
Alumina production reached 660,000 tonnes, meeting 54 per cent of the annual target. Electrical production hit 5.1 billion kWh, representing 55 per cent of the target for the year.
 
The group’s total revenue and profit in six months were estimated at VNĐ62.6 trillion and VNĐ1.5 trillion, respectively.
 
Average salary stood at VNĐ10.2 million per person per month, equivalent to 103.6 per cent of the target for the year and up by 12 per cent compared to the same period last year.
Source: Viet Nam News


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Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...


Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...


Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...


Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...


Thursday, 26 April 18
COAL PRICES ARE EXPECTED TO AVERAGE $85/MT IN 2018, DOWN SLIGHTLY FROM 2017 - WORLD BANK
Coal prices rose 4 percent in the first quarter (q/q), following a surge of 34 percent in 2017, mainly due to strong consumption in China spurred b ...


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