Vinacomin - Mong Duong Coal Joint Stock Company
HHNX:MDC8,400.00
VND
0.00
(0.00%)
Vinacomin - Mong Duong Coal Joint Stock Company
HNX:MDC
(Hanoi Stock Exchange)
Recent
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8,400.00
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ROIC.AI
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- Business
- Vinacomin - Mong Duong Coal Joint Stock Company is a Vietnam-based energy and mining enterprise primarily engaged in underground coal exploitation, mineral processing, and specialized mining support services. Operating as a subsidiary of Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin), the company conducts business across the energy, natural resources, and industrial engineering sectors. Its core products and services include raw anthracite coal; processed and washed coal grades, including lump coal, sized coal, and fine coal for industrial applications; coal screening, blending, and sorting services; underground mine construction, shaft sinking, and tunnel excavation services; fabrication, assembly, maintenance, and overhaul of mining machinery, hydraulic roof supports, drill rigs, and conveyor equipment; industrial construction of surface and underground mining infrastructure; and domestic bulk transport and logistics services. The company primarily serves domestic thermal power generation plants, cement manufacturers, chemical producers, and metallurgical facilities across Vietnam, while also supplying coal for international export through its parent corporation. Originally established in 1982 and restructured as a joint stock company in 2008, Vinacomin - Mong Duong Coal Joint Stock Company is headquartered in Cam Pha City, Quang Ninh Province, Vietnam, which serves as the central hub of its extraction operations in the Mong Duong coalfield. In recent developments, the company has undertaken major operational and technological modernizations to sustain long-term output and navigate deeper geological conditions. Key initiatives include the advancement of deep-level exploitation projects descending to the -250 meter and -400 meter horizons to tap high-quality anthracite reserves; the expanded deployment of comprehensive mechanization in coal extraction and roadway development, incorporating automated shearers, hydraulic support systems, and high-capacity electric haulage conveyors; and the installation of centralized automated safety monitoring networks, including real-time methane gas drainage and environmental ventilation management systems. The company has also implemented digital transformation programs across its dispatching, equipment maintenance, and resource tracking operations to improve labor productivity, optimize operational costs, and align with national environmental compliance standards.