The Vietnam Coal and Mineral Industries Group (TKV) has announced that in the first two months of this year, it earned VND25.2 trillion (US$1.06 billion) in revenue, accounting for 15 per cent of this year’s plan and up 27.8 per cent over the same period last year.

Of the total revenue, its earnings from coal reached VND16.33 trillion, 17.3 per cent of this year’s plan and up 48 per cent year on year.

During the months, the group produced 5.71 million tonnes of coal, reaching 14.6 per cent of the planned volume this year and equaling 89.6 per cent of the figure for the same period in 2022.

By the end of last month, the total coal inventory is estimated at about 5.2 million tonnes.

According to the TKV, coal demand for power generation in February 2023 remained high. Some thermal power plants asked for more coal than the volume in the contracts for the first half of this year.

Regarding coal for chemical fertiliser production, the group provided 160,000 tonnes to fertiliser and aluminum producers, making up 75 per cent of the monthly operating plan and 110 per cent of the same period last year.

In addition, coal for cement producers reached about 120,000 tonnes or 91 per cent of the monthly operating plan and equal to 96 per cent of that in the same period last year. — VNS