
According to a report from Vietnam Labor News on December 26th, the Vietnam Coal Mining Group (TKV) has officially released its 2013 production and operation plans to all of its subsidiaries. The group has outlined two different coal sales targets: 43 million tons and 41.5 million tons, with corresponding production goals set at 46 million tons and 43 million tons respectively. In addition to its core coal operations, TKV has also announced a new initiative for next year—producing 300,000 tons of alumina. This marks a significant step in diversifying the company’s portfolio.
In December of this year, Lin Tongxinlai finally completed the first batch of alumina after a two-year delay compared to the original schedule. This milestone comes as part of TKV’s broader strategy to expand into non-coal industries and reduce its reliance on traditional energy sources. Analysts believe that the move into alumina production could help the company adapt to changing market demands and improve long-term profitability. With rising global demand for aluminum and its derivatives, TKV’s new plan signals a strategic shift toward more sustainable and diversified growth.
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