NSW gold mine attracts funding

By Grace Ormsby|14 April 2019

Maddocks has advised Diversified Minerals on both syndicated project finance and a royalty to fund development of a NSW gold mine.

Firm: Maddocks (Diversified Minerals Pty Ltd)

Deal: Maddocks has advised Diversified Minerals on project finance and royalty funding.

Value: A$74 million (syndicated project finance facility) + US$18 million (royalty for mine development)

Advertisement
Advertisement

Area: Mining, Corporate, Finance

Key players: Partner Arlene Colquhoun led Maddocks’ team on the deal, with lawyers Alba Ramli and Joanne Chen.

Partner Andrew Chapman and senior associate Brian Henson advised construction issues, while partner Andrew McNee and senior associate Julian Law assisted with corporate advice.

Deal significance: Diversified Minerals Pty Ltd has been advised on an A$74 million syndicated project finance facility together with a US$18 million royalty to fund the development of Dargues Gold Mine, a Maddocks statement has said.

According to the firm, the Dargues Gold Mine is the first greenfield gold mine development to be approved and developed in NSW in more than a decade.

SPONSORED CONTENT

Diversified Minerals is Australian-based, and owns and operates gold mining and exploration properties, including the Henty Gold Mine in Tasmania, Maddocks explained.

 

NSW gold mine attracts funding
Intro image
lawyersweekly logo
Big Law

latest

Change still a long way off for law firm business models

Law Council welcomes new domestic violence inquiry

Australia concerned about Hong Kong national security laws

Courts not ready for post-COVID world

FROM THE WEB
Recommended by Spike Native Network