Memorandum of Understanding signing ceremony. Source: Blackstone Minerals
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  • Blackstone Minerals (BSX) signs a memorandum of understanding (MoU) with Vietnam’s Son La Province for the development of the Ta Khoa nickel project
  • The MoU acknowledges the Australian and Vietnamese governments have committed to deepening two-way trade and investment projects in the country
  • Australia’s Vietnam Ambassador, the Ministry of Natural Resources and Environment, and the Son La Province People’s Committee visited the project to recognise the significance
  • Further, Blackstone committed to strong environmental, social and governance principles to support the development of Ta Khoa and training and up-skilling the local labour force
  • Blackstone shares were unchanged at 40.5 cents

Blackstone Minerals (BSX) has signed a memorandum of understanding (MoU) with Vietnam’s Son La Province for the development of the Ta Khoa nickel project.

Ta Khoa consists of the Ta Khoa Nickel Project (TKNP) and the Ta Khoa Refinery (TKR), both of which are planned for development in Son La Province in northern Vietnam. It includes
an existing modern nickel mine built to Australian standards.

The MoU acknowledges the Australian and Vietnamese governments have committed to deepening two-way trade and investment projects in the country.

On April 13, Australia’s Ambassador to Vietnam Robyn Mudie, the Ministry of Natural Resources and Environment, and the Son La Provincial People’s Committee visited the TKNP.

The company said all parties recognised the significance of Blackstone’s development strategy to the local Son La community and the prosperity of Vietnam.

Further, Blackstone committed to strong environmental, social and governance principles to support the development of Ta Khoa and training and up-skilling the local labour force.

“Blackstone’s relationships with local stakeholders continues to grow from strength to
strength. I was delighted to present, at our mine site in Son La, the global significance of the Ta Khoa project,” Managing Director Scott Williamson said.

“Blackstone’s ambition is to work respectfully and collaboratively with the people of Vietnam to generate significant socio-economic benefits for the communities in which we operate.

“Vietnam, and the Son La Province, is blessed with mineral potential, excellent infrastructure, loyal people and has all the key ingredients to be at the forefront of the movement towards electrification of transportation.”

Blackstone shares were unchanged at 40.5 cents at 10:29 am AEST.

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