find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Corrs acts on Aspire Mining partnership

Corrs acts on Aspire Mining partnership

Corrs Chambers Westgarth is advising Aspire Mining Limited on its placement and strategic partnership with SouthGobi Resources._x000D_

CORRS Chambers Westgarth is advising Aspire MiningLimited on its placement and strategic partnership with SouthGobi Resources.

AspireMining has entered into a binding agreement with subsidiary of Ivanhoe Group, SouthGobi,a Mongolian coal producer, which encompasses a A$20.1 million placement andstrategic partnership.

Sharesin Aspire Mining climbed over 10 per cent this week, on news that South Gobi hasacquired the interest.

Under the agreement, SouthGobi will acquire a 19.9 percent holding in Aspire through the issue of 105.7 million shares. The cashinjection by SouthGobi will help to accelerate the exploration of Aspire’s OvootCoking Coal Project.

The strategic partnership will involve SouthGobiproviding technical and other assistance to further the development of Ovootand provide Aspire with assistance and advice in relation to governmental andregulatory issues.

SouthGobi is one of the largest coal miners inMongolia with a market capitalisation of US$2.2 billion as at 30 June 2010. Itsshareholders include Ivanhoe Mines and sovereign wealth fund China InvestmentCorporation. 

Aspire said it plans to benefit from SouthGobi's Asianrelationships and experience in developing and financing coal mines inMongolia.

The transaction is being led by partners RussellPhilip and Rob Franklyn with lawyer James Nicholls.

Promoted content
Recommended by Spike Native Network