[Vnbiz] Vietnam coal reserves may be depleted by 2015 - Experts

[Tai Phan]

June *11, 2008*
Vietnam coal reserves may be depleted by 2015 - Experts

ANTARA News reported that Vietnam local coal experts have warned that
Vietnam's coal reserves could be exhausted by 2015, creating a dependency on
expensive imported coal.

The experts said that as the Vietnam is currently selling coal at a cheaper
export price than import, Vietnam may end up buying back some of its coal at
a higher price if national reserves are exhausted.

The experts warned that at the current rate of exploitation and export,
supplies may run dry even earlier than 2015.

Vietnam exported 32.5 million tonnes of coal last year, bringing in just
over USD 1 billion.
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