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OM Holdings’ $72.5m offer

OM Holdings’ $72.5m offer

Minter Ellsion has advised on an entitlement offer to finance development and construction activities at OM Holdings' Sarawak project.

Firms: Minter Ellison (OM Holdings)

Deal: OM Holdings' entitlement offer to its existing shareholders

Area: Corporate

Value: $72.5 million

Key players: Daniel Scotti led the Minters team, assisted by lawyer Joel Farina and graduate Shane Lawrie

Deal significance: OM Holdings, which has its foundations in metals trading, now operates commercial mining operations – leading to a fully integrated operation covering Australia, China and Singapore. The net proceeds of the entitlement offer will be used to partly finance development and construction activities at the company's Sarawak project (in which the company has an 80 per cent interest) and to assist in the timely financial close of that project (which is expected to occur in the second half of the 2012 calendar year). The Sarawak project, which represents the next major step in OMH's development as a world-class, lowest-quartile cost producer of ferro-silicon alloy, entails the development of a greenfield manganese and ferro-silicon alloy smelter with an expected annual production capacity of 575,000 tonnes in the Samalaju Industrial Park, Sarawak, Malaysia.

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OM Holdings’ $72.5m offer
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