CHALIECO (ASX: 02068) has announced that on October 23, 2026, China Aluminum International Engineering Corporation Limited won the bid for a 2.4 million tonne per annum alumina project owned by Vietnam Pingfu Mining Corporation.
The total contract price is USD 833 million, equivalent to approximately RMB 5.595 billion, with the final contract price subject to the EPC contract to be signed by both parties.
If the project contract is formally signed and smoothly implemented, it will help expand the company's operating scale, have a positive impact on the company's performance for the current period and future years, and help enhance the company's sustainable profitability. However, the specific amount affecting the company's financial indicators cannot yet be measured.
The company has not yet signed a contract with the relevant parties, and the total project amount and specific implementation content are subject to the formal contract.
The winning bid announced this time is located overseas, and the subsequent implementation process may face overseas operational risks such as changes in the local political environment, adjustments to laws and regulations, foreign exchange controls, natural environment, and changes in social and economic conditions.
The company will promptly fulfill its information disclosure obligations in accordance with the project progress. Investors are advised to make prudent decisions and pay attention to investment risks.
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