There’s a bigwig lurking at ASX-listed nickel play Blackstone Minerals Ltd.
Scattered among the bankers and analysts touring the company’s Ta Khoa last month, were representatives of Vietnam’s biggest conglomerate Vingroup, which has interests in real estate, healthcare and the automotive industry, among other sectors, and a $US32 billion-odd combined market capitalisation.
Blackstone’s understood to be keen on the ideal and in discussions with Vingroup about an offtake agreement, and potential associated funding deals. It has said it is focused on a “partnership model”, talking to like-minded parties, to get its mine and refinery up and running.
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