Looking back at the June signing last year it says that Tincom has the exclusive rights to Vietnam And Australia
The Australian exclusivity looks to have been relaxed so that if need be ECT can supply a CSA or other parties may purchase a stake in the VCPL project
Will the exclusivity to Vietnam play out the same way. ?
Recently there has been some chatter of Vietnams brown coal resources in the RRD estimated to be between 40 and 200 billion tonnes
"Vinacomin will continue negotiating with coal exporters in Indonesia and Australia, and prepare to start mining in the Red River Delta when allowed by the authorities, he added. ?Such preparations allow us to believe we can supply enough coal to meet growing demand,? he said."
Coal deposits in Vietnam?s Red River Delta are estimated at 210 billion tons.
http://www.vneconomynews.com/2011/04/vietnam-coal-production-to-surge-25-pct.html
'The Red River Delta Coal Basin will be developed through cooperation and joint ventures with foreign partners,' it said, without naming the foreign firms interested in the project.
'The project will create the country's biggest clean energy centre, helping ensure national energy security by 2025,' it said.
Vinacomin and the Ministry of Industry and Trade are to submit a feasibility study to the government in July.
State media quoted Vinacomin as saying it would invest 73 trillion dong (S$5.97 billion) to develop 11 projects in the basin.
http://www.asiaone.com/Business/News/Story/A1Story20090522-143163.html
All my thinking here so DYOR
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