Blackstone Resources enters joint venture for nickel with Indonesian partner
BAAR, Switzerland – (August 26, 2019) – Blackstone Resources AG (SWX: BLS;) (“Blackstone”) is pleased to announce that it has entered a strategic alliance with a well-respected national partner on joint venture basis in Indonesia. The agreement is an important element of Blackstone’s broader strategy to expand its presence in the global battery materials market and establish long-term cooperation with leading battery manufacturers worldwide.
The partnership will initially involve exporting ore, concentrates and refined products of nickel, copper and other technology metals. Export licenses have been secured to initially export nickel ore, one of the main raw material and increasingly important for batteries, stainless steel and alloys. This will progress to non-ore products later this year.
This is yet another example of Blackstone leveraging its strategic network or partners to further extend its influence in the battery metal market. This is a great achievement for the company, which Blackstone believe will deliver tangible benefits in the future.
Blackstone Resources AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug and is concentrating on the battery metals market as primary metals. In addition, it sets up, develops and manages refineries used for gold and battery metals. It offers direct exposure to the battery metal revolution that is being driven by the demand of electric vehicles that need vast quantities of these metals. These include cobalt, manganese, molybdenum, graphite, nickel, copper and lithium. Blackstone Resources has developed the new Battery code BBC. In addition, Blackstone Resources has started a research programme on new battery technologies on solid state batteries and its production process.