Vinacomin Minerals announces large scrap steel purchase

Vinacomin Minerals Holding Corporation (KSV) announced a major scrap steel acquisition on December 4, 2025. The transaction, approved by the company's board of directors on February 11, 2025, involves the purchase of 1,300,000 kg of scrap steel from Nam Mau Coal Company - TKV, a subsidiary of Vietnam National Coal - Mineral Industries Group.

The provisional value of this contract is 9,653 tr.dong. The final payment will be determined based on the actual weight received and the agreed-upon unit price. The contract's implementation period is set for 60 days from its effective date.

This information was publicly disclosed on December 4, 2025. Ngo Quoc Trung, deputy general director, affirmed the accuracy and truthfulness of the reported details.