find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
ARMZ mines new opportunities

ARMZ mines new opportunities

JSC Atomredmetzoloto (ARMZ) has increased its stake in Uranium One from 51.4 per cent to full ownership in order to further invest in uranium outside of Russia.

Firms: Ashurst (JSC Atomredmetzoloto (ARMZ)); Stikeman Elliott (Canadian legal advisers to ARMZ); BMO Capital Markets (financial adviser to ARMZ); Goodmans LLP (Canadian legal advisers to U1); Cassels Brock & Blackwell LLP (Canadian legal advisers to U1's independent board committee)

Deal: ARMZ acquires 100 per cent of Uranium One Inc under a Canadian Plan of Arrangement

Area: Energy & resources

Value: Implied value of U1: $2.7 billion; consideration paid to minority shareholders: $1.25 billion

Key players: Mark Stanbridge (pictured) and Tanya Denning led for Ashurst

Deal significance: ARMZ is a Russian state-owned enterprise and one of the world's largest uranium mining companies.   Uranium One Inc. (U1), is one of the world's largest listed uranium producers with a globally-diversified portfolio of assets located in Kazakhstan, the US, Australia and Tanzania. Prior to the transaction, ARMZ owned 51.4 per cent of U1. U1 owns the Honeymoon uranium mine in South Australia, about 75km northwest of Broken Hill. Honeymoon is one of only four producing uranium mines in Australia, with pilot production commencing in September 2011 and a design capacity of 880,000 pounds U3O8 per annum. Following the completion of this transaction, U1 will be ARMZ's investment vehicle for uranium investments outside of Russia.  

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

ARMZ mines new opportunities
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...