Vietnam Vinacomin requests cement investors to sign coal purchase deals

Vietnam Vinacomin requests cement investors to sign coal purchase deals
Published: 14 October 2010

The state-run Vietnam National Coal-Mineral Industries Group (Vinacomin) has recently requested investors of cement projects to sign long-term coal purchase deals before building cement plants.

Vinacomin said only Phuc Son and Song Gianh Cosevco Cement companies have signed long-term coal purchase contracts to date, the Dau tu newspaper reported 13 October.

The move follows a forecast that the country will have to import coal to feed domestic cement and electricity plants in 2015.

The country is projected to have to import between 46- 77Mta of coal to feed coal-fired power plants in the southern region by 2015.