find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Mallesons claims latest Xstrata deal

Mallesons claims latest Xstrata deal

XSTRATA has been in the news this week with its shock announcement that its aggressive deal making has come to an end. But Mallesons has secured a deal with the company._x000D_

XSTRATA has been in the news this week with its shock announcement that its aggressive deal making has come to an end. 

The company's chief executive Mick Davis revealed that the company's position as "deal junkies" was over, despite its rapid growth since it floated in 2002, having acquired 13 companies and shifting from being a AUD$3.6 billion business to one worth $44.2 billion.

Davis said the company would move to a phase of "organic growth".

But the company has now appointed Mallesons Stephen Jaques on a joint venture in respect of a proposed coal mine at Wandoan, a project potentially valued at $15 billion.

Xstrata and its Japanese joint venture partners, Itochu and Sumimoto, are considering a thermal coal mine at the Wandoan site (north west of Brisbane) with possible production levels ranging between 22 million tonnes per year up to 100 million tonnes per year, which would be greater than the 2009 export coal production for the entire Hunter Valley.

Lead Mallesons partner, Nicholas Pappas, said that as part of the Wandoan Coal project, Mallesons advised Xstrata on the possible developments of ports at Gladstone (Wiggins Island Coal Terminal) and Port Alma (Balaclava Island Coal Terminal).

“We’ve been helping Xstrata on a number of significant matters such as this, in line with its recent focus on organic development and securing infrastructure capacity,” Pappas said.

Pappas was assisted by senior associate Frank Coldwell on the joint venture agreement and senior associate Paul Schroder on the port developments.

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

Mallesons claims latest Xstrata deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
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'...
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...
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 & ...