The Lep My coal sorting factory was constructed in September 2014 with a total cost of 870.2 billion VND. The Lep My-Port 6 Km coal transporting system project was also built in November 2015 to delivery coal from Lep My coal sorting factory. The total investment in this port was 651 billion VND.
The Lep My coal sorting factory plays an importatnt role in development strategy of Vinacomin, meet the demand for coal to fuel the national economy and ensure national energy security. Vinacomin, the country's largest mining firm, was established on October 10, 1994.
According to the Vinacomin‘s representative, the investments have been poured into mine construction, environmental protection, and effective and safe production.
The projects have satisfied the country’s coal industry development planning to 2020 with a vision towards 2030 approved by the Prime Minister, the representative noted.
As of November 2015, the Vinacomin produced 34.7 million tonnes of raw coal, equal to 93.1 percent of the yearly target and up 2 percent over the same period the previous year. It sold 32.4 million tonnes of coal, or 92.8 percent of the yearly target, up 3.5 percent year-on-year. In the period, the group’s revenues were estimated at nearly 98 trillion VND (4.3 billion USD), equivalent to 93.4 percent of the yearly target.