Tuesday, April 24 2018

VietNamNews

UAE to buy 900,000 tonnes of VN’s alumina

Update: December, 18/2017 - 15:30
The Tân Rai bauxite-alumina complex in the Central Highlands province of Lâm Đồng, invested by Việt Nam National Coal and Mineral Industries Group (Vinacomin). — Photo vietnambiz.vn
Viet Nam News

HÀ NỘI — The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) signed a contract to supply alumina to Emirates Global Aluminum (EGA) from the United Arab Emirates (UAE) from 2018-20. 

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

This is 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 trade relations with the Middle East and African countries in the 2016-25 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 alumina is consumed in different markets across the world. 

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

General Director of Vinacomin Đặng Thanh Hải believed that this contract would contribute to promoting trade cooperation between Vinacomin and EGA, in particular, and between Việt Nam 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. — VNS

 

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