White & Case advises on sale of Khoemacau copper mine for US$1.875 billion

Global law firm White & Case LLP has advised various investment funds as the sellers of an indirect interest in the Khoemacau copper mine to MMG Limited for an enterprise value of US$1.875 billion.

White & Case partner Richard Jones, who co-led the Firm's deal team, said: "Our role advising on this successful and competitive sale showcases both White & Case's cross-border and cross-practice capabilities within the mining & metals industry and our ability to execute significant transactions for financial sponsors."

Located in north-west Botswana, the Khoemacau copper mine is a long-life copper mine and home to one of Africa's largest copper deposits. Khoemacau produces around 60,000 tons of copper and around 2 million ounces of silver per year.

MMG is a company whose shares are listed on the Hong Kong Stock Exchange and operates and develops copper, zinc and other base metals products across Australia, the Democratic Republic of the Congo and Peru.

The White & Case team which advised on the transaction was led by partners Richard Jones and David Lewis (both London) and included partners Rebecca Campbell, Will Smith, Michael Engel, Colin Harley (all London), Paul Tang, William Fong (both Hong Kong) and Tiaan De Wit (Johannesburg), and associates Michael Fitzpatrick, Zack Trumper, Conor Magee, Frederick Labovitch, Xuefeng Wu, Asad Khan, Lily Teh, Joao Lacerda (all London), Ronny Ren (Hong Kong) and Melissa Mtolo (Johannesburg).

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