Optimize investment costs and bring economic efficiency
In the period 2023 - 2025, despite facing many difficulties due to changing mining conditions, Cao Son Coal Joint Stock Company - TKV (Cao Son Coal Company) still maintained production and exploitation reaching nearly 7.9 million tons of coal, higher than the initial plan by about 853 thousand tons, contributing to ensuring coal supply for production and consumption.
Based on reviewing the current status, updating the planning and new decisions of state management agencies, the consulting unit is studying project adjustment options. In which, it is proposed to choose the option of maintaining the boundary scope of the mine according to the current license, ensuring proactiveness in investment procedures, not depending on planning adjustments and still ensuring economic efficiency. This option will also create conditions for Cao Son Coal Company to proactively deploy project adjustment procedures immediately, ensuring investment progress, stabilizing production and improving resource exploitation efficiency. For the unexploited resource part in the expanded area, the consulting unit proposes to continue research in the post-phase when technical, planning and market conditions are more suitable.
Director of Cao Son Coal Company Pham Quoc Viet said that the unit proactively coordinates with Dong Bac Corporation and related units to remove difficulties and obstacles in the project implementation process and handle issues related to land, assets as well as technical infrastructure. Regarding the shortcomings in site clearance in the 55ha area, the company coordinates with Dong Bac Corporation and the consulting unit to agree on a plan to fully implement compensation and site clearance procedures according to current regulations, and at the same time update this area into the plan and coordinate with localities to soon implement the next steps.
Based on the analysis of project adjustment options, Cao Son Coal Company assessed that this is a plan that ensures high technical feasibility, proactiveness in legal procedures, optimizes investment costs and brings economic efficiency, creating conditions for the project to be implemented soon. For the remaining resources in the planned expansion area of about 68ha, the company proposed to continue to reserve them for investment research in a suitable stage when planning, market and economic efficiency conditions permit.
Project adjustment is an urgent requirement
Regarding the adjustment plan, General Director of Vietnam National Coal - Mineral Industries Holding Corporation Limited (TKV) Vu Anh Tuan acknowledged the serious preparation of the consulting unit and Cao Son Coal Company, and assessed that the project adjustment is an urgent requirement to meet changes in mining conditions, ensure investment efficiency and maintain stable production capacity of the mine in the coming period.
To complete the project adjustment dossier, General Director Vu Anh Tuan requested the consulting unit, Cao Son Coal Company and professional boards of TKV Group to continue to comprehensively review the project in the direction of optimizing costs and improving capital utilization efficiency. At the same time, study and select a suitable exploitation capacity scale, balanced with the Group's development strategy and market demand, ensuring feasibility in production organization.
In addition, it is required to continue to improve technical solutions on drainage, mine wastewater treatment, research to optimize the capacity of environmental works, and carefully review the relationship between open-pit mining and underground mining to ensure absolute safety during mining. The contents on legality, land, environment, mining licensing and production maintenance plans during the completion of project adjustment procedures must be built into a specific roadmap, ensuring progress and not interrupting production activities.
General Director Vu Anh Tuan emphasized that the project adjustment must aim to improve investment efficiency, rationally exploit resources, ensure safety, protect the environment and maintain stable coal production according to the Group's development orientation. Relevant units need to urgently complete dossiers, fully absorb directing opinions to soon submit to competent authorities for consideration and approval, creating a basis for project implementation according to schedule.
