Vietnam to sell 900,000 tonnes of alumina to UAE

The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) has signed a contract to supply alumina to Emirates Global Aluminum (EGA) from the United Arab Emirates (UAE) for three years from 2018-2020.

Vietnam to sell 900,000 tonnes of alumina to UAE (Photo: VNA)

Vietnam to sell 900,000 tonnes of alumina to UAE (Photo: VNA)

Under the contract,Vinacomin will supply 300,000 tonnes of alumina per year for the EGA in three consecutive years as raw material for the UAE company’s aluminum electrolytic plants.

This is the Vinacomin’s first long-term contract signed with a partner in the Middle East which is in line with the guidance of the Government and the Ministry of Industry and Trade on developing relations with Middle East and African countries in the 2016-2025 period.

Along with long-term contracts signed with partners from India, Switzerland, Japan, the Republic of Korea, and others, this deal will contribute to ensuring Vinacomin’s consumption of alumina in different markets across the world.

Abdulla Kalban, CEO of the EGA, said that the contract will be a good start towards the expansion of the cooperation between the EGA and Vinacomin in the future.

General Director of Vinacomin Dang Thanh Hai believed that this contract will contribute to promoting trade cooperation between Vinacomin and EGA in particular and between Vietnam and the UAE in general in the near future.

The EGA is the largest industrial company in the UAE outside oil and gas. It also has more than 40 years of experience in aluminum production with an output up to 2.4 million tonnes per year.

VNA

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.