Our global mining and metals team have vast experience in the sector and have represented many of the world’s leading players.
The team’s experience spans all aspects of the value chain and the corporate affairs of mining and metals houses including projects, development work, financings, corporate/M&A, competition, tax, litigation, arbitration and environmental law. Our mining and metals practice has also consistently been ranked in the First Tier globally by the major legal directories.
In acting on a number of complex takeovers, acquisitions, disposals, project financings and listings, we have built a deep understanding of the challenges that our clients face in the market.
This experience allows us to offer our clients innovative legal solutions that help them to stay competitive during the good times as well as the more challenging. As the economic downturn has brought an end to the ‘super-cycle’ in commodity prices and reduced the availability of much needed credit, we were at the forefront of helping a number of mining and metals clients deal with distressed situations, debt refinancing’s and equity capital raisings. Linklaters also continues to advise both potential buyers and sellers during a period of consolidation in the sector and as the global IPO markets look to recover, we have advised on a number of listings on international stock exchanges. In fact, we have been involved in all significant recent IPOs (both single and dual listings) in the sector.
In your pursuit of the earth’s natural resources, we recognise that you will often operate in remote areas of the world. These countries often have legal regimes that are still under development and facing periods of significant political change. Our emerging markets practice is excellently placed to help our clients to develop risk mitigation strategies and has a proven ability to navigate through previously untested legal regimes. In some cases we have even been asked to assist with the drafting of amendments to local laws in order to facilitate major transactions. Complex, multi-jurisdictional transactions frequently require language skills to understand the intricacies of the transaction and execute the deal to the clients competitive advantage. Our multi-lingual mining team includes fluent Mandarin, Cantonese, Russian, French, Spanish and Portuguese speakers, enabling us to service our clients’ transactional needs all over the world.
A small selection of our recent work includes:
- Glencore on its US$10bn debt reduction measures, including US$2.5bn new equity capital raise and its strategic disposals
- Anglo American on the sale of the remaining 50% of Tarmac, its Chilean copper mines, its Rustenburg platinum operations and on the restructuring of its interests in Samancor
- Aquarius Platinum on its takeover by Sibanye Gold
- Rio Tinto on its US$7.5bn refinancing and its US$10bn MTN Update
- Glencore on its US$15.25bn refinancing and on a US$2.250bn bond issue
- the agent and lenders on Lonmin’s refinancing
- the lenders on Vale’s US$5bn Nacala Corridor rail and port project in Malawi and Mozambique to transport coal from its mines to overseas markets
- a large mining company on the review of governance and compliance practices across its operations in Africa, Latin America and Australasia
“Their strengths are the quality of personnel, sector knowledge, resources and international scope they can bring to bear on a deal."
Chambers 2016, Mining
To discuss legal issues with Linklaters’ global mining team, please contact sector leaders Charles Jacobs, Toby Grimstone or Robert Cleaver.
Find out more about Linklaters’ mining capabilities from mining sector manager Clare Gonsalves on (+44) 20 7456 2608.