BSX 0.00% 2.5¢ blackstone minerals limited

Ann: Blackstone Strengthens Government Relations in Vietnam, page-3

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    This is very informative. Key takeaways are:

    - Restrictive legislation and bureaucratic delays need to be addressed to improve trade and investment between Australia and Vietnam.

    - Vietnamese Gov is aiming to rewrite their Minerals and Mining Law. BSX has been invited to participate in workshops to assist. DFAT helped draft the 1996 Mineral Law of Vietnam and BSX has been working closely with DFAT to highlight areas for improvement. DFAT in conjunction with an independent mining law consultant will provide guidance to Vietnamese Gov on increasing access to land for exploration......and streamlining the permitting process.

    - "MONRE and GDMV aim to update the Vietnamese Mining Law to align it with other successful mining jurisdictions and to make Vietnam a more attractive destination for foreign direct investment in exploration, mining and mineral processing"

    - The PM has signed the new National Electricity Development Master Plan which includes the Power and Infrastructure requirements for the Ta Khao Refinery. (They seem to want it built IMO)

    Perhaps this helps explain any holdups and difficulties experienced to date with the exploration work BSX performed for free at Chim Van in 'partnership' with Vietnamese Gov, and the application for a new tenement we made. It also appears that there is currently an element of jurisdictional risk that may be affecting BSX's ability to attract funding and partners which BSX, DFAT and Vietnam are currently working on.
    Last edited by rick26: 15/06/23
 
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