find the latest legal job
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Gold assets sell for $1.2bn

Gold assets sell for $1.2bn

Tony Damian, Herbert Smith Freehills

Three firms have advised on the sale of two gold assets held by Barrick Gold Corporation across Australia and Papua New Guinea.

Firms: Herbert Smith Freehills (Barrick Gold Corporation); Allens (Evolution Mining Limited); Corrs Chambers Westgarth (Zijin Mining Group Co)

Deal: Barrick Gold Corporation has sold multiple gold assets in Australia and Papua New Guinea for a total estimated value of $1.2 billion.

Value: $1.2 billion

Area: M&A

Key Players: Tony Damian (pictured) led the Herbert Smith Freehills team, supported by senior associate Clayton James and solicitor Philip Cooper. The team was also supported by the Herbert Smith Freehills’ Hong Kong and Shanghai offices.

Deal Significance: Barrick Gold Corporation has sold its Cowal gold mine in NSW to Evolution Mining Limited.

Barrick Gold Corporation also sold its 50 per cent interest in Barrick (Niugini) Limited, which is the 95 per cent owner and manager of the Porgera Joint Venture gold mine in Papua New Guinea, to Zijin Mining Group Co.

The combined total value of both sales was approximately $1.2 billion.

Herbert Smith Freehills’ leading partner Tony Damian said: “We are delighted to have advised Barrick on these important transactions, which demonstrate that cross-border M&A activity remains strong in the Asia-Pacific region.”

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

 

Like this story? Read more:

Book commemorates diamond milestone for WA law society

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

NSW proposes big justice reforms to target risk of reoffending

Gold assets sell for $1.2bn
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
Warning
Jan 18 2018
Lawyer highlights ‘unintended consequences’ on SSM estate planning
A succession lawyer has warned that the right for same-sex couples to legally marry could have a sub...
drug rehabilitation services available in rural and remote communities
Jan 18 2018
ALS survey shines spotlight on insufficient rehabilitation services
A new survey posted by the Aboriginal Legal Service (NSW/ACT) has revealed an alarming insight into ...
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 & ...