Vinacomin minerals signs substantial scrap steel purchase deal

Vinacomin - Minerals Holding Corporation (VIMICO) has entered into a significant agreement for the purchase of scrap steel. The transaction, approved by the Board of Directors' Resolution No. 311/NQ – VIMICO on February 11, 2025, involves the purchase of discarded goods from a related party, specifically the Mao Khe Coal Company – TKV, a branch of the Vietnam National Coal and Mineral Industries Group.

The contract, signed on October 6, 2025, has an estimated value of 4,455 trillion VND. The official payment will be determined based on the actual weight of the received goods and the unit price agreed upon in the contract. The agreement is scheduled for implementation in October 2025.

VIMICO assures that the disclosed information is accurate and assumes full legal responsibility for its contents. The disclosure was made by Ngo Quoc Trung, deputy general director, on October 6, 2025.