‘Major’ mining acquisition complete

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

‘Major’ mining acquisition complete

Acquisition complete, Maddocks, mining

Maddocks has advised on what’s being dubbed a major mining deal between two parties, in a transaction over $13 million.

Firms: Maddocks (Consolidated Mining & Civil Pty Ltd); Arion Legal (Havilah Resources Limited)

Deal: Consolidated Mining & Civil Pty Ltd (CMC) has been advised on its purchase of 100 per cent of Benagerie Gold Pty Ltd, which holds the Benagerie mining lease, from Havilah Resources Limited.

Value: $13.5 million

Area: M&A

Key players: The Maddocks legal team was led by partner Julian Smith and included senior associates Libby Buchanan and Andrew Wright, associate Melissa Ramov and lawyer Maddison Hardiman.


The Arion Legal team was led by director Mark Stewart. 

Deal significance:The purchase, which was completed last week, means CMC owns the North Portia Copper-Gold Project in north-east South Australia. CMC had previously been engaged in a revenue sharing arrangement for the development of the Portia Gold mine,” a statement from Maddocks said.

“The next phase for the mine is the development of a second pit — North Portia — which has copper, gold and cobalt reserves, with a substantial Joint Ore Reserves Committee resource.”

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media and editor of its legal publication, Lawyers Weekly. 

She graduated from Charles Sturt University with a Bachelor of Communications (Journalism).

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Recommended by Spike Native Network