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EMR Capital sells interest in Indonesian gold and silver mine
EMR Capital, together with its other investors, have sold their interest in the Martabe mine, located in North Sumatra, to Indonesian company PT Danusa Tambang Nusantara.
Jerome Doraisamy
Firm: King & Wood Mallesons (EMR Capital); Allen & Overy (PT Danusa Tambang Nusantara).
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Deal: The transaction sees EMR and the other investors sell their entire interest in the gold and silver mine to the Indonesian buyer.
Area: Private equity
Value: US$1.21 billion
Key players: The KWM team was led by partners Mark McNamara and Paul Schroder, who were supported by senior associate Mark Vanderneut and solicitors Eunice Leung and Jing Wang.
The firm’s Beijing, Singapore, Hong Kong and London offices also assisted on the global scale process.
Deal significance: Speaking about the deal, Mr McNamara said: “We were delighted to be engaged on this landmark transaction for EMR Capital and the other investors.”
“During their ownership, gold and silver production at the mine was substantially increased and reserves were doubled. There were also significant operational efficiencies achieved,” he said.
Mr Schroder added: “This sale required us to work across a range of jurisdictions and really highlighted KWM’s capability in Asia to lead significant and complex cross-border transactions.”
