As the mining and metals industry and its investment landscape both continue to evolve, clients face constant new challenges. Distressed businesses are emerging amid capital constraints and lower commodity pricing. Companies are focusing on core assets and finding partners for projects they can no longer finance on their own.
At the same time, the modern mining and metals sector has become highly complex. Today, a typical company maintains assets around the globe, runs diversified operations and faces notable political and environmental challenges. Providing innovative solutions now requires a deep understanding of current industry trends.
Our global mining and metals team includes industry experts with in‑house experience gained from working within junior, mid‑cap and major global mining companies. We assist mining companies and investors throughout all aspects of the mining project life cycle—from exploration to feasibility studies, development and construction, operations and closure. Whether consolidating or investing to grow, clients trust us with all of their development, operational, corporate and financial activities.
Our lawyers have advised on some of the sector's biggest and most challenging transactions. And White & Case’s offices in the Americas, Europe, the Middle East, Africa and Asia mean that we can make sure the right team is there to help you in emerging markets, major financial hubs and key mining regions.
'First Tier' ranking in Mining and Metals for the past 10 years
Global M&A Deal of the Year, Latin America/Peru – Las Bambas
American Lawyer 2014
Securing a world-class copper asset: Las Bambas
When Glencore Xstrata announced its merger in February 2012, it came as no surprise that China’s Ministry of Commerce had something to say about it, given the influence it could wield over the supply of copper concentrate and China’s high dependence on copper imports. The Las Bambas copper project in Peru, Xstrata’s highly prized asset, was up for grabs, and the race was on. We guided MMG Limited and the MMG-led consortium, including Guoxin International Investment Corporation Limited and CITIC Metal Co., Ltd., through the successful US$5.85 billion acquisition and the US$7 billion acquisition funding and ongoing project development costs in a deal named “Global M&A Deal of the Year for Latin America/Peru” by American Lawyer (2014).
Combating distress in the coal sector: New World Resources
Against a backdrop of the European coal sector suffering from a major push for renewable energy, we helped New World Resources Plc (NWR), a Central European hard coal producer, conduct a comprehensive capital structure review and a €95 million divestment to Metalimex of its coke subsidiary, OKK Koksovny, a.s., including the associated UK Listing Rules Class 1 transaction shareholder approval. Our work with NWR highlights the types of transactions being done in the current market to alleviate the strain of Europe’s diminishing demand for coal.
Innovative financing across multiple borders: Uranium One
As alternative financing sources fill the mining funding gap left by contracted equity capital and bank financing markets for juniors and mid-caps, we advised Deutsche Bank, Société Générale and Sberbank, on a US$120 million three-year revolving credit facility to Uranium One Investments Inc., one of the world’s largest uranium producers. This cross-border transaction involved Uranium One Inc. group companies providing guarantees and security in 10 jurisdictions, including Kazakhstan, the United States, Australia, the Netherlands, Cyprus and Luxembourg.
Strategic expansion despite testing times for gold: Polymetal
During one of the toughest times in history for gold companies, following the steep fall in prices in late 2013, most gold miners were forced to reassess their holdings. But Polymetal International Plc (a UK-listed entity) had other plans. With our assistance, Polymetal acquired Altynalmas Gold, a Canadian company that holds the Bolshevik and Bakyrchik gold deposits in north-eastern Kazakhstan, thus strategically expanding its reserve base with the addition of high-grade gold assets.
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