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 top tier globally by the major legal directories.
In acting on many complex takeovers, acquisitions, disposals, project financings and listings, we have built a deep understanding of the challenges that our clients face in the market. Equally, having operated in the mining sector for decades, we have seen the ups and downs, the good times and the more difficult. Despite the challenging market, through innovative, forward-thinking legal solutions we are able to assist our clients in accomplishing their business objectives and to successfully mitigate against risk.
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 including the US$3bn sale of a 49.99% interest in its agricultural business, the US$10bn acquisition of a stake in Rosneft and on the spin off and acquisition from Nyrstar of the Contonga mining project in Peru
- Anglo American on the US$1.7bn sale of its Niobium and Phosphates businesses and on the US$14.1m sale of Tarmac in Oman, Qatar and the United Arab Emirates
- Sibanye on its US$2.2bn acquisition of Stillwater Mining Company
- on the US$3bn rights offering by ArcelorMittal
- Rio Tinto on the US$2.45bn sale of its wholly-owned Australian subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited
- Glencore on its US$15.25bn refinancing and on a US$2.250bn bond issue
- Gold Fields on its ZAR2.5bn private placement of new shares
- on the US$400m 8.5% guaranteed convertible bonds due 2023 issued by Sirius Minerals Finance Limited
- Evraz on the US$500m 6.75% notes due 2022 for the purpose of financing its tender offer
- 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