The firm has advised on transactions involving the world’s leading metals and mining companies for more than a century. Lawyers in our U.S., European and Asian offices regularly work with metal and mining companies on mergers and acquisitions, joint ventures, strategic alliances, securities offerings, bank financings and reglatory and litigation matters. They also have extensive experience in complex matters that are unique to the industry, such as strategic extraction joint ventures, the negotiation of mineral rights with foreign governments, FCPA-related investigations and enforcement actions, and a broad range of developmental, environmental and logistical matters related to mining projects and operations.
We have advised on some of the industry's most high-profile transactions. View our recent experience in:
- China Nonferrous Mining Corporation Limited (CNMCL) ($252 million). We advised China Nonferrous Mining Corporation Limited (CNMCL) on its $252 million Rule 144A/Regulation S IPO and listing on the Hong Kong Stock Exchange. CNMCL, a subsidiary of the PRC state-owned enterprise China Nonferrous Metal Mining (Group), is the first company to list African assets on the Hong Kong Stock Exchange. This transaction marks the first Hong Kong IPO in which we acted as counsel to both U.S. and Hong Kong laws, another milestone in the continuing development of our global practice in Asia.
- Molycorp ($1.91 billion). We advised the underwriters on a $407 million SEC-registered IPO of common stock of Molycorp, a rare earths and rare metals company, and on several equity offerings thereafter in the total aggregate value of $1.52 billion since 2010.
- AK Steel Holding Corporation ($88 million). We advised the underwriters on a $88 million SEC-registered offering of common stock of AK Steel Holding Corporation, a producer of flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets.
- Yanzhou Coal Mining Company Limited ($1 billion). We advised the joint lead managers on a $1 billion Rule 144A/Regulation S guaranteed notes offering by Yanzhou Coal Mining Company Limited, one of the primary coal producers in China with coal mining operations in China and Australia. This transaction won the “Debt & Equity-Linked Deal of the Year” at the 2012 China Law & Practice Awards.
- Corporación Nacional del Cobre de Chile (CODELCO) ($4.15 billion). We advised the initial purchasers on several Rule 144A/Regulation S notes offering by Corporación Nacional del Cobre de Chile (CODELCO) in the total aggregate value of $4.15 billion since 2010. CODELCO is Chile's state-run copper mining company and is the world’s largest copper producer.
- Rio Tinto Finance (USA) Limited ($9.5 billion). We advised the joint bookrunners on several SEC-registered offerings of notes by Rio Tinto Finance (USA) Limited in the total aggregate value of $9.5 billion since 2010. Rio Tinto Finance (USA) Limited is a finance company of the Rio Tinto Group, which is a leader in finding, mining and processing the earth’s mineral resources.
- AngloGold Ashanti Holdings ($1.75 billion). We advised the underwriters on both $750 million and $1 billion SEC-registered offerings of notes by AngloGold Ashanti Holdings plc, a global gold company with a diversified portfolio of assets in many key gold-producing regions.
- Anglo American Capital ($3.2 billion). We advised the underwriters on several Rule 144A/Regulation S offerings of notes by Anglo American Capital plc and guaranteed by Anglo American plc in the total aggregate value of $3.2 billion. Anglo American plc is a global leader in mining, whether measured by market capitalization, revenue or net income.
- Mongolian Mining Corporation ($600 million). We advised Mongolian Mining Corporation on its $600 million Rule 144A/Regulation S high-yield guaranteed senior notes offering. Mongolian Mining Corporation is a listed company on the Hong Kong Stock Exchange and is an Asian coking coal mining company engaged in the open-pit mining of coking coal at deposits in South Gobi Province, Mongolia.
- ArcelorMittal ($8.5 billion). We advised the underwriters on several SEC-registered notes offerings by ArcelorMittal in the total aggregate value of $8.5 billion since 2010. ArcelorMittal is the world’s largest and most global steel producer.
- Freeport-McMoRan Copper and Gold. We advised Freeport-McMoRan Copper and Gold on its:
- $25.6 billion acquisition of Phelps Dodge
- $6.9 billion acquisition of Plains Exploration & Production Company
- $3.4 billion acquisition of McMoRan Exploration Co.
- $435 million acquisition of a large scale cobalt refinery in Kokkola, Finland from OM Group
- EBX Group. We advised EBX Group, a Brazilian natural resources conglomerate, on its:
- $2 billion strategic partnership with Mubadala Development Company
- C1.2 billion acquisition of Ventana Gold
- Splitup of MMX Mineração e Metálicos, an EBX company, and subsequent $5.5 billion sale of one of the resulting companies to Anglo American
- $300 million strategic investment by GE
- Acquisition of the outstanding publicly held shares of Galway Resources
- Reliance Steel & Aluminum. We advised Reliance Steel & Aluminum, the largest metals service center company in North America, on its:
- $1.2 billion acquisition of Metals USA Holdings
- $415 million acquisition of Continental Alloys & Services
- Nippon Mining Holdings. We advised Nippon Mining Holdings on its $11.8 billion merger with Nippon Oil. This deal was named the “Asia M&A Deal of the Year” at the 2011 IFLR Awards.
- China Investment Corporation. We advised China Investment Corporation, a Chinese sovereign wealth fund, in connection with its $1.9 billion investment in PT Bumi Resources Tbk (Bumi), the largest coal mining company in Indonesia.
- Quincunx. We advised Quincunx, an affiliate of Kerry Mining, a member of the Kerry Group conglomerate of businesses in Hong Kong and China, on its $950 million sale of QGX Coal, which holds mining rights to the Baruun Naran Coal Mine in Mongolia, to Mongolian Coal Corporation, a subsidiary of Mongolian Mining Corporation.
- Eramet. We advised Eramet, a French-listed mining and metals company, in connection with its €593 million acquisition of Tinfos, a Norwegian, family-owned producer of manganese alloy, which is a key element for the growing global steel industry.
- Exxaro Resources. We advised Exxaro Resources, a diversified South African mining and metals company, on the spinoff of its iron ore business, Kumba Iron Ore, the world’s fourth-largest supplier of sea-born iron ore, and its “black economic empowerment” restructuring transaction, which resulted in the transfer of a controlling interest in Exxaro to black ownership.