TKV maintains stable output in first quarter

TKV maintains stable output in first quarter

On the domestic market, relatively favourable weather supported production, but rising fuel prices pushed input costs upward.

Production at Núi Hồng Coal Company – VVMI, belonging to TKV. The group’s consolidated revenue in March totalled more than VNĐ17 trillion. VNA/VNS Photo

Production and business activities of Vietnam National Coal and Mineral Industries Group (TKV) remained stable in the first quarter of 2026, meeting targets despite ongoing volatility in global energy and mineral markets.

According to TKV’s report, operations in March unfolded amid a mix of favourable and adverse conditions. Global geopolitical tensions – particularly conflicts in the Middle East – disrupted shipping routes through the Strait of Hormuz, forcing several countries to draw on oil reserves. This drove fuel prices higher and intensified global inflationary pressures.

On the domestic market, relatively favourable weather supported production, but rising fuel prices pushed input costs upward.

Against this backdrop, TKV still gained several key production indicators in the first quarter. Coal production in March stood at 3.57 million tonnes, exceeding the target by 1.2 per cent, bringing total output for the first quarter to an estimated about 9.65 million tonnes. Coal sales totaled more than 5 million tonnes, 7.2 per cent above plan, making consumption in the first quarter hit 11.88 million tonnes.

In other segments, the minerals, chemicals, and power divisions largely fulfilled their first-quarter objectives. Alumina production in March reached 126,000 tonnes, exceeding the plan by 5 per cent, with first-quarter output projected at 360,400 tonnes. Bauxite ore extraction totaled 778,000 tonnes, bringing the quarterly figure to 2.24 million tonnes.

In the non-ferrous metals segment, copper concentrate production reached 10,300 tonnes, refined copper output totaled 2,505 tonnes, and zinc ingot production stood at 970 tonnes.

Electricity generation reached 1.024 billion kWh, equivalent to 104 per cent of the monthly target, bringing first-quarter output to 2.659 billion kWh.

TKV’s consolidated revenue in March totaled more than VNĐ17 trillion, exceeding the monthly target by 7.8 per cent. First-quarter revenue is estimated at about VNĐ42.4 trillion.

Contributions to the State budget reached almost VNĐ1.7 trillion in March, with cumulative first-quarter payments projected at more than VNĐ6 trillion.

Looking ahead to April, TKV leadership noted that ongoing tensions in the Middle East could continue to drive up production costs due to elevated fuel prices, although weather conditions are expected to remain generally favorable for mining operations.

Therefore, TKV has set April targets of 3.52 million tonnes of coal output, and about 5 million tonnes of coal consumption.

Other production targets include 116,000 tonnes of alumina, 9,200 tonnes of copper concentrate, 2,650 tonnes of refined copper, and 1,040 tonnes of zinc ingots. Electricity production is projected at 1.041 billion kWh. Consolidated revenue for April is expected to reach more than VNĐ16.5 trillion.

To achieve these goals, TKV plans to closely monitor production and business plans, and boost sales –particularly exports of high-quality coal products.

At the same time, the group will continue promoting mechanization and digital transformation in mining operations to enhance efficiency while ensuring stable employment and income for its workforce.

Bizhub