We have extensive global experience advising on the development and financing of mining and metals projects throughout the world. Our understanding of the key economic drivers and risks affecting our clients' businesses and our familiarity with the financing and investment structures commonly used in the mining and metals industry enable us to add value for our clients and execute transactions quickly and efficiently.
We are able to handle all legal aspects of a mining project from inception to completion:
Early Stage Development
- Acquisition of mineral exploration and mining rights
- Joint venture, option, earn-in and earn‑out arrangements
- Mining disputes, litigation and arbitration
- Tax planning
- Off-shore structures
- Due diligence and risk assessment
- Project loan documentation
- Security over mining assets and mining agreements
- Direct agreements with sovereigns
- Gold loans
- Derivative and hedging arrangements
Mine Construction and Operation
- Environmental permitting
- EPC and EPCM agreements
- Management and operating agreements
- Royalty agreements
- Concentrate sale and processing agreements
- Metal sale agreements
We act for a broad range of clients in the sector, including exploration and development companies, mine operators, smelter and refinery operators, steel manufacturers and metal fabricators, mining technology suppliers, sovereigns and state-owned companies, commercial banks, export credit agencies, multilateral institutions and underwriters.
Significant Global Footprint
Our on-the-ground presence in 39 offices worldwide enables us to provide local expertise in many of the financial centers and other jurisdictions that are important to the global mining and metals industry, including expertise in Almaty, Beijing, Geneva, Johannesburg, London, New York, Moscow and São Paulo.
We are able to draw seamlessly on expertise from across the Firm, including in the areas of project finance, trade finance, mergers and acquisitions, capital markets, dispute resolution, environmental, taxation, construction, competition and intellectual property. Whether you are looking to develop a bankable structure for a challenging mining project, bring a mining company to the capital markets for the first time, negotiate concession terms with a host government or acquire a portfolio of mining properties located around the world, you'll find that we have the depth of resources to help you to meet your objectives.
Aluminium Dunkerque. We represented the senior lenders, led by Crédit Lyonnais and Chase Manhattan Bank, in the US$360 million project financing of Europe's largest aluminum production facility, located in Dunkirk, France.
Carthage Cement. We represented Carthage Cement in the conception, the construction, the operation and the maintenance of a 500,800-tons-per-day cement plant in Djebel Ressas, Tunisia.
Cerro Corona. We represented Gold Fields (as sponsor) and the project company in the development and financing of the US$340 million greenfield Cerro Corona gold-copper project in Peru, including advising on all major project agreements and negotiating financing documentation. This transaction was named "Latin American Mining Deal of the Year 2006" by Project Finance magazine.
Emirates Aluminium (EMAL). We represented the lead arrangers on the US$4.67 billion financing for the construction of the world's largest aluminium smelter by EMAL in Abu Dhabi. This project was awarded "Middle East Manufacturing Deal of the Year 2007" by Project Finance magazine and "Industrial Deal of the Year 2007" by Project Finance International.
IndoCoal, KPC and Arutmin. We represented IndoCoal Exports, KPC and Arutmin in the US$600 million future flows-backed securitization involving the sale of receivables by KPC and Arutmin to IndoCoal and the issuance of notes backed by such receivables. The deal was recognized as "Securitization Deal of the Year" at the IFLR Asia Awards 2006, "Emerging Market Deal of the Year 2005" by International Securitisation Report; "Securitisation Deal of the Year 2005" and "Indonesia Capital Markets Deal" at the IFR Asia Awards. "Best International Securitization 2005" by FinanceAsia and "Most Innovative Deal" at FinanceAsia Achievement Awards.
Jidong Development. We represented Jidong Development, as project sponsor, in a joint venture with the South African Women Investment Portfolio Holdings, China-Africa Development Fund and Continental Cement to build a US$221 million cement plant in South Africa. The project represents one of China's largest foreign direct investments in South Africa to date.
Kazakhmys Eurasia Gold. We represented Kazakhmys Plc, a Kazakh copper mining corporation, in its US$260 million offer to purchase all of the issued and outstanding shares of Eurasia Gold, a TSE-listed Canadian gold mining company.
Mittal Steel. We represented Mittal Steel, the world's largest steel company, in the development and financing of the Group's first-ever greenfield steel project, a US$9 billion mining and steel-making project in Jharkhand, India.
Qatalum. We represented the sponsors Qatar Petroleum and Hydro Aluminium AS in the US$4 billion financing for the construction of a new aluminium plant in Mesaieed Industrial City, south of Doha.
RUSAL Khakas Aluminium Smelter. We represented BNP Paribas on its US$500 million refinancing of the construction costs of the RUSAL Khakas aluminium smelter—the first aluminum production facility to be built in Russia in the past 20 years and the longest tenor project financing in Russia to date.
Sangarédi Alumina Refinery Project Financing. We represented the sponsors in the development and financing of the Sangarédi Alumina Refinery in the Republic of Guinea, with a value of in excess of US$4 billion.
SNIM. We represented the Société Nationale Industrielle et Minière (SNIM) of Mauritania in the US$710 million multisourced financing (including Islamic finance, as well as export credit agency and a development bank financing) for the expansion of the Guelb II mine and the construction of a new ore carrier port in Nouadhibou, Mauritania. This transaction was named "Deal of the Year 2009" by Trade Finance magazine.
Sohar Aluminium. We represented the Abu Dhabi Water & Electricity Authority, Oman Oil Company and Alcan as sponsors in the development and financing of the US$2.4 billion 350,000 tpa Sohar aluminium smelter, including a 1000 MW captive power plant and associated facilities. The financing included a US$260 million Islamic finance tranche in Oman. This transaction was awarded "EMEA Manufacturing Deal of the Year 2005" by Project Finance magazine and "Industrial Deal of the Year 2005" by Project Finance International.
Talvivaara. We represented Talvivaara Mining Company Ltd, a Finnish mining company, on its £190 million Initial Public Offering (IPO) on the London Stock Exchange (LSE) This project was awarded "European Mining Deal of the Year 2007" by Project Finance magazine.