
According to a report from Vietnam Labor News on December 26th, the Vietnam Coal Mining Group (TKV) has officially released its 2013 production and operational plans to all its subsidiaries. The group has outlined two coal sales targets: 43 million tons and 41.5 million tons, with corresponding production goals of 46 million tons and 43 million tons respectively. In addition to its core coal operations, TKV has also announced an ambitious new initiative for next year—producing 300,000 tons of alumina. This marks a significant step in diversifying the company's business portfolio.
In December of this year, Lin Tongxinlai, a subsidiary of TKV, successfully produced its first batch of alumina after a two-year delay. Originally planned to start production earlier, the project faced several challenges that pushed back the timeline. However, the successful launch of the alumina facility is seen as a positive development for TKV’s long-term growth strategy. With increased production capacity in both coal and alumina, the company is positioning itself to meet growing domestic and international demand. Analysts believe that this expansion could help strengthen TKV’s market position and contribute to Vietnam’s industrial development.
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