VIMICO inks significant scrap metal purchase with related entity

Vinacomin Minerals Holding Corporation (VIMICO) announced the signing of a significant contract for the purchase of scrap metal with a related party. Pursuant to a resolution from its board of directors, VIMICO finalized a deal on December 18, 2025, to acquire scrap steel from Vinacomin Manufacturing Joint Stock Company.

The contract, valued at 15,697 million VND, stipulates that payment will be based on the actual weight delivered multiplied by the agreed unit price. This transaction involves entities within the Vietnam National Coal – Mineral Industries Group (TKV), in which TKV holds at least a 51% stake.

The contract is effective from the signing date until January 31, 2026. This information was disclosed on the company's website on December 19, 2025.