Coffee With Samso Episode 105. Let's learn more about Blackstone Minerals in this Samso Special Series Part 2/4.
As Blackstone Minerals Limited (ASX:BSX) moves into the production phase, the implication of good ESG compliance is now of great importance.
This is the second part of our Special Series on Blackstone, and in today's Coffee with Samso, we have Anna Cranney, who is the Social Performance Lead for Blackstone Minerals Limited (ASX: BSX) sharing with us how they are managing and preparing to be responsibly complaint with ESG.
ESG is now one of the most important criteria from investors and companies in the mineral resource sector. Commodity pricing is also heavily influenced by the need to be compliant with ESG. There are even investment decisions that are solely determined by the state of the ESG component of the product.
Blackstone Minerals is managing the process by instilling the passion of ESG into the DNA of the company. Anna Cranney tells us how they are doing this and why this is the core of the Blackstone business.
Tune in to find out how Anna Cranney and the Blackstone team continue to have best practice in making sure all aspects of the business are fully complaint with ESG requirements.
Chapters
00:00 Introduction
01:07 The Blackstone ESG Story
02:25 How do you start the ESG Process?
06:26 How do you tackle the E - S - G ?
09:13 Which letter is most relevant to Blackstone?
14:52 Blackstone instills ESG into the DNA of the Company.
17:36 ESG is now in the whole business structure
19:51 What does Anna think of ESG 2 years ago? What about 5 years and 10 years from now?
23:38 ESG is a growing issue.
25:13 ESG is now part of the furniture.
23:50 Try all ways of distribution.
27:14 Anna shares how ESG will play out in future.
30:02 Conclusion
PODCAST
About Anna Cranney
Social Performance Lead with Blackstone Minerals Limited
Education:
Bachelor of Education/Arts from the University of QLD;
Graduate Certificate in International Education from the University of Sydney;
Certificate IV in Training and Assessment;
Diploma of Training Design and Development, RMIT;
Graduate Certificate in Social Impact from UWA and the Centre for Social Impact.
Anna Cranney hails from Goondiwindi in Queensland but moved to Perth a number of years ago to work within the extractives sector. She has over 13 years of experience working social performance, capacity building and community development programs. A decade of this has been time spent working regularly in Timor-Leste.
Ms Cranney has worked across industries and sectors including oil and gas, construction, education, not-for-profits, and in the aid and development sector. Her passion is in embedding impact-focussed ESG programs across technical teams and operations on major projects, and helping the extractives sector use a partnership approach with communities and not-for-profits to deliver long-term outcomes.
Anna has recently joined the Blackstone Minerals team to continue to develop their ‘green nickel’ strategy and embed ESG across the business, with a particular focus on their Ta-Khoa project in Northern Vietnam.
About Blackstone Minerals Limited
Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities.
Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success.
The Ta Khoa Nickel-Copper-PGE Project
The Ta Khoa Nickel-Copper-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years.
Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp.
Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality.
Disclaimer
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
Your Bonus
Samso has just released an eBook: How to Add Value to your Share Portfolio
A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook.
If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au.
Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat
Comments