find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Norton Rose drives Asia Iron deal

Norton Rose drives Asia Iron deal

More than 12 months after negotiation of the documentation began, Chongqing Chonggang Minerals Development Investment Limited (CCMD) has signed a Heads of Terms with SINOM Investments Limited…

More than 12 months after negotiation of the documentation began, Chongqing Chonggang Minerals Development Investment Limited (CCMD) has signed a Heads of Terms with SINOM Investments Limited (SINOM) and Asia Iron Holdings Limited (Asia Iron), a wholly owned subsidiary of SINOM, to acquire 60 per cent of Asia Iron under a $280 million placement.

The transaction was completed on 17 September 2010.

CCMD, SINOM and Asia Iron have also agreed on certain financing arrangements in relation to the transaction and future capital expenditures.

Asia Iron is a Hong Kong incorporated company whose subsidiaries hold mining assets in Australia, including iron ore assets located at Extension Hill (Mount Gibson Range), Koolanooka South and Wolla Wolla in the Mid West of Western Australia. Asia Iron also owns coal resources in Western Australia.

The flagship Extension Hill Magnetite Project is currently the most advanced of Asia Iron's projects, which CCMD and SINOM will jointly along with other projects of Asia Iron. The development of Stage 1 of the Extension Hill project is expected to cost approximately $US2 billion ($2.06 billion).

Completion of the transaction is a major milestone in the history of CISG and CFTEC, being the first investment in Australia from the Chongqing province; the world's fastest growing region with a population of 32 million.

Norton Rose's Perth, Hong Kong, Shanghai and Beijing offices coordinated to assist CCMD throughout the transaction. Those acting on the transaction were James Stewart, Roger Hawkins, Nicholas Wilson, Andrew Ricciardi, Chris Reden, Jon Perry, Michael Turnbull, Christina McGlip and Hong Sun.

DLA Piper Hong Kong, with assistance from DLA Phillip Fox, also acted on the deal.

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

Norton Rose drives Asia Iron deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
Oct 24 2017
‘Right-to-die’ laws would be a relief for terminally ill: ALA
The passage of an assisted dying bill through the lower house of Victorian Parliament has been haile...
Diversity
Oct 24 2017
Diversity top of agenda for future WA Law Society president
The advancement of diversity in the Western Australian legal profession will be one of the key items...
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
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 & ...