Global law firm White & Case LLP has advised mining private equity firm Arete Capital Partners (Arete) on its acquisition of the Stawell gold mine from Canadian miner Kirkland Lake Gold.
"The Melbourne office of White & Case worked closely with Arete to secure the asset on terms that will help Arete to realise its ambition of returning the mine to production," said White & Case partner John Tivey, who leads the Firm's Global Mining & Metals Industry Group. "The transaction was an excellent illustration of how we can combine our global mining experience with our local regulatory capabilities. The Stawell region is a proven gold mining province and we wish the Arete team every success with returning the mine to production."
The Stawell region has historically been one of Victoria's most successful gold mining areas, with gold being produced in the province since Victoria's gold rush era in the mid-1800s. Arete plans to return the mine to production by implementing a targeted exploration strategy focusing on various relatively unexplored underground mineralisations.
The Stawell gold mine is familiar territory for Arete's management team, with Arete's chair Hugh Morgan previously holding the position of chief executive of Western Mining, which part-owned the mine between 1981 and 1992.
The White & Case team which advised on the transaction was led by partners Tim Power (Melbourne) and John Tivey (Hong Kong), and included Melbourne associates Joshua Dellios and Laura Baykara.
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