Exploitation of the Red River coal basin mainly serves for power production
Vietnam National Coal-Mineral Industries Group (Vinacomin) said it plans to submit an exploitation plan for the Red River Coal Basin to the Ministry of Industry and Trade for approval. The firm is joining hands with Australian and Japanese partners to pilot coal mining at two mines at the basin with an initial cost of $10 million each.
Vinacomin General Director, Tran Xuan Hoa, said capital is the main factor for the coal exploitation pace at the basin, adding that cost for exploration to appraise the reserve can be $2.5 billion.
Hoa added that Vinacomin is also cooperating with authorities in the northern province of Hung Yen to define restricted areas for mining.
In an effort to save time, Vinacomin has also issued a proposal to the Ministry of Natural Resources and Environment to be given exploration rights after the ministry finishes its assessment on the basin’s geological condition. It would take between seven and eight years to build mines for exploitation, Hoa emphasised.
Once the mining plan is approved, Vinacomin will select suitable exploitation technologies for the Red River basin based on pilot results.
The general director estimated that Vietnam will be 6 million tonnes short of coal for power production annually from 2015 onward. Currently, coal exploitation mainly focuses on the coal basin in northeastern Quang Ninh Province with reserves of around 10 billion tonnes.
The Red River basin, covering 3,500 square kilometeres, stretches across the northern provinces of Nam Dinh, Hung Yen and Thai Binh, is estimated to have reserves of 210 billion tonnes of coal, a big material source for building thermal power plants.
Vinacomin General Director, Tran Xuan Hoa, said capital is the main factor for the coal exploitation pace at the basin, adding that cost for exploration to appraise the reserve can be $2.5 billion.
Hoa added that Vinacomin is also cooperating with authorities in the northern province of Hung Yen to define restricted areas for mining.
In an effort to save time, Vinacomin has also issued a proposal to the Ministry of Natural Resources and Environment to be given exploration rights after the ministry finishes its assessment on the basin’s geological condition. It would take between seven and eight years to build mines for exploitation, Hoa emphasised.
Once the mining plan is approved, Vinacomin will select suitable exploitation technologies for the Red River basin based on pilot results.
The general director estimated that Vietnam will be 6 million tonnes short of coal for power production annually from 2015 onward. Currently, coal exploitation mainly focuses on the coal basin in northeastern Quang Ninh Province with reserves of around 10 billion tonnes.
The Red River basin, covering 3,500 square kilometeres, stretches across the northern provinces of Nam Dinh, Hung Yen and Thai Binh, is estimated to have reserves of 210 billion tonnes of coal, a big material source for building thermal power plants.
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