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Rubik

We are pleased to share an important strategic development for Blackstone. 

In a recent interview our Managing Director, Scott Williamson, has outlined a binding agreement with Xuan Loc Tho that significantly advances our growth strategy across Vietnam and Southeast Asia — strengthening our position in-region and enhancing our ability to capture rising global nickel demand.

Strategic footprint: The agreement deepens Blackstone’s presence in Vietnam and complements our existing Ta Khoa Projects, while reinforcing our long-term interests in Mankayan.

Market opportunity: Global demand for nickel — driven by electric vehicle batteries and energy storage — continues to grow. This partnership positions Blackstone to participate in that long-term value chain.

Value creation: The arrangement advances our capability to progress development and unlock potential project value through local collaboration and improved project optionality.

Responsible development: We remain committed to high standards of environmental, social and governance performance, and to working constructively with local stakeholders to deliver sustainable outcomes.

Strategic Milestone — Binding Agreement with Xuan Loc Tho Accelerates Our Growth in Vietnam & SE Asia