Emirates Global Aluminium signs alumina trading deal with Vinacomin

By Dale Benton
Share
The largest industrial company in the UAE, outside of oil and gas, has signed a new deal that will boost bilateral trading with Vietnam. Emirates Globa...

The largest industrial company in the UAE, outside of oil and gas, has signed a new deal that will boost bilateral trading with Vietnam.

Emirates Global Aluminium (EGA), one of the world’s largest premium aluminium producers, has signed a three-year deal with Vinacomin, a Vietnamese state-owned firm.

Through the deal, Vinacom will supply EGA with up to 300,000 tonnes of alumina per year in a deal that represents the first long-term agreement to supply Vietnamese alumina to the UAE.

The deal is a significant boost to the bilateral trading relationship between Vietnam and the UAE.

“This agreement with Vinacomin is in line with our strategy to diversify our sources of supply for alumina, to secure the resources that the UAE’s aluminium industry needs to grow at competitive prices,” said EGA’s Managing Director and Chief Executive Officer Abdulla Kalban.

“We are pleased to have Vinacomin as an alumina supplier for EGA, and also to see the economic relationship between our two countries grow. We hope to develop our relationship with Vinacomin further in the future.”

Dang Thanh Hai, President and CEO of Vinacomin said: “Although Vinacomin's alumina just entered the world alumina market four years ago, it has been accepted by world-class customers, such as EGA, one of the leading premium aluminium producers, as expressed by the signing between Vinacomin and EGA.

 

Related stories:

Vedanta to expand Lanjigarh Aluminium refinery

Australian Mines: Potentially the world’s largest scandium producer

Bauxite exports from Malaysia hits 9 million tonnes despite mining ban

$700 million African bauxite mine contract awarded to Fluor 

 

 

“For Vinacomin, this agreement is in line with the direction of the Ministry of Industry and Trade of Vietnam, to contribute to promoting cooperation between Vietnam and the UAE. We look forward to further cooperation for mutual benefit in the future.”

EGA is currently building one of the largest industrial construction sites in the UAE, the Al Tweelah alumina refinery.

On completion, Al Taweelah alumina refinery will be the first alumina refinery in the UAE and the second in the Middle East.

The refinery will have a nameplate production capacity of 2 million tonnes of alumina per year and is expected to  meet 40 per cent of EGA's alumina requirements. This will help secure the UAE's supplies of the raw material for the aluminium industry.

Share

Featured Articles

Intel Ridding its Supply Chain of Conflict Minerals

Intel first began to work towards responsibly sourced conflict minerals from the Democratic Republic of Congo and adjoining countries about 12 years

IEF on 'Paradox' of Mining's Role in Quest for Clean Energy

International Energy Forum says mining is the 'paradox' at heart of quest for clean energy but recognises the industry is addressing sustainability issues

ABB Reduces its Industrial e-Waste Impact

Leading global engineering company ABB – with strong mining presence – cuts industrial e-waste by promoting reuse and recycling in a push for circularity

Mining Automation Drives Efficiency and Safety Gains

Digital Mining

New Schneider SBS Energy Solution for Mining Sector

Smart Mining

Mining Conflicts Hit Communities As Battery Demand Soars

Sustainability