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2008 August 11   09:25

Vietnam's top coal port Cam Pha resumes operation

Vietnam's main coal port, Cam Pha, which handles most of the country's coal exports to China and Japan, has resumed about 70 percent of loading capacity, after its loaders collapsed during a storm last week, state coal monopoly Vinacomin said on Monday.
"Repair is under way and the port would resume full operation in a month," a Vinacomin spokesman said.
The port in Quang Ninh, Vietnam's northern coal hub, can now load about 20,000 tonnes of coal daily, compared to around 30,000 to 40,000 tonnes per day before Aug 6 when three of its four loaders collapsed, a port official said.
About two thirds of the fuel shipped via Cam Pha goes to China and the rest goes to Japan and other countries, he said. Last month Vietnam estimated its coal exports in the period from January to July dropped 22.7 per cent from a year earlier to 14.47 million tonnes, but revenues jumped 38.4 per cent to $811 million, boosted by high world prices.
The Southeast Asian country is struggling to meet soaring energy demand at home and plans to slash coal exports this year by more than 32 per cent to about 22 million tonnes to save more for new power plants, the Industry and Trade Ministry has said.
Vinacomin has forecast coal output could rise to 43 million tonnes in 2008, beating previous industry projections of 40 million tonnes.

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