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Stonewall deal a moving money feast for firms

Stonewall deal a moving money feast for firms

Two Australian law firms have helped a Chinese company to strike Australian gold

Firms: Norton Rose Fulbright and Mills Oakley (Stonewall); Beijing Tianyin Lawyers (Shandong Qixing)

Deal: Sale of Stonewall Resources subsidiary, Stonewell Mining, to Shandong Qixing Iron Tower Co Ltd
Area: M&A

Value: $US141.5 million

Key players: The Norton Rose Fulbright (NRF) team comprised of lawyers from Australia, China and South Africa. Melbourne-based partner James Stewart and associate Andrew Fisken from Melbourne led the Australian team. Beijing-based partner Wang Yi and John Gillmer from the firm’s Cape Town office were also involved
Deal significance: Stonewall Mining has stakes in gold mining projects in South Africa and Australia. “The signing reflects a great achievement for all parties,” said Stonewall Resources chairman David Murray.

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