- Blackstone Minerals (BSX) completes a lender engagement with select commercial banks, export credit agencies and multilateral agencies
- With the help of its debt financing advisors, Blackstone has engaged with potential lenders for a competitive and flexible funding package for its Ta Khoa project in Vietnam
- The company will advance due diligence and credit approval processes as it moves towards making a final investment decision on the project in 2023
- BSX shares are up 2.78 per cent to close at 18.5 cents
Blackstone Minerals (BSX) has completed a lender engagement with select commercial banks, export credit agencies and multilateral agencies regarding project financing.
The lenders engagement process has been managed by the company’s debt financing co-advisors: Korea Development Bank (KDB) and BurnVoir Corporate Finance.
KDB and BurnVoir are working with Blackstone to secure a competitive and flexible funding package for its Ta Khoa project in northern Vietnam.
Blackstone Minerals said the feedback from potential lenders has allowed it to refine ongoing technical studies and commercial arrangements such as supply and offtake deals, and partnering negotiations.
BSX Managing Director Scott Williamson said the feedback has provided “valuable intelligence” to guide the development of Ta Khoa.
“Valuable insights received through this process have already resulted in positive actions that Blackstone has implemented to further de-risk technical, commercial and funding elements of the project,” he said.
“We’re pleased to have a world-class group of potential lenders demonstrate their ongoing strong interest in the Ta Khoa project.”
The company will advance due diligence and credit approval processes as it moves towards making a final investment decision on the project in 2023.
BSX shares were up 2.78 per cent to close at 18.5 cents.