Vinacomin Minerals acquires scrap metal from subsidiaries

Vinacomin - Minerals Holding Corporation (VIMICO) announced two significant scrap metal acquisition contracts with its subsidiaries, approved by a Board of Directors resolution on February 11, 2025. These transactions involve the purchase of scrap steel from related parties, ensuring operational resource supply.

On October 29, 2025, VIMICO signed a contract to acquire scrap steel from Vinacomin - Hon Gai Coal Screening Company. This contract has an estimated value of VND 577 million and a performance period of 45 days.

Additionally, on October 30, 2025, VIMICO executed a contract for scrap steel acquisition from Vinacomin - Khe Cham Coal Company. This larger contract is valued at VND 7,276 million, with a performance period of 30 days. Both contracts specify that the final payment will be based on the actual weight of delivered materials.