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JV Update, page-91

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rick26

5,379 Posts.

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06/09/24

23:11

Post #: 75570234
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Originally posted by rick26: ↑

Without the Ambassador acting as liaison between Governments and businesses, offering guarantees and assistance there is little chance a deal could be made, most of the diplomatic work an Ambassador does is behind closed doors and we may not get to know about it all however there is a clue in the name of the Department he works for, it is the Department of Foreign Affairs and Trade. Agreements often must be made between Governments before trade can be facilitated and it requires deft diplomacy. Export Finance Australia is a part of DFAT as well, in current global financial markets where it may be difficult to secure finance it is their role to assist in both seeking and providing it for projects which are deemed to be in the national interest. That is their mission statement, perhaps not word for word but that's what it is

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And introductions. DFAT also offer introductions such as they did in the case which resulted in the JV between Mitsubishi/Sumitomo/Ardea for the Goongarrie Nickel Cobalt Project near Kalgoorlie recently.

BSX Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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