Freehills has acted as global lead counsel advising China Minmetals Non-Ferrous Metals Company Limited (CMN) on the sale of various Australian and international mining assets to Minmetals Resources Limited (MMR), a company listed on the Stock Exchange of Hong Kong Limited.
Total consideration for the transaction is $US1.846 billion ($1.875 billion).
Freehills partner John Tivey worked with Minerals and Metals Group (MMG) General Counsel and Company Secretary, Nick Myers, to lead the international legal team advising CMN and with partners Dan Brealey and Tim McEwen and senior associates Jonathan Li, Matthew Love and Martin MacDonald.
CMN acquired the assets in 2009 and has since operated them under the MMG brand name. MMG is a significant producer of zinc, copper, lead, gold and silver and currently operates four major mining operations, namely the Century, Golden Grove and Rosebery mines in Australia, and the Sepon operations in Laos.
Deacons Hong Kong acted for MMR, using Blake Dawson as Australian Counsel.