Fieldfisher advises on US$2.2 billion of mining deals in 2017
Fieldfisher's mining and metals team provides a comprehensive and integrated service from our London and Paris offices to companies, their funders and advisers across the full life cycle of a mining project.
With experts in financing, M&A, commercial agreements, construction, tax and dispute resolution, the team has enjoyed a successful and exciting 2017, advising on a wide range of transactions with a total value of US2.2 billion.
The team, led by Head of Mining and Metals Jonathan Brooks, was involved in two of the most high profile deals in the sector: the sale by Orion Mine Finance and Fusion Capital of Lynx Resources for US$405 million and Osisko’s C$1.125 billion acquisition of a portfolio of royalty, stream and precious metal offtake agreements from Orion Mine Finance.
The team was bolstered by two key lateral hires: Dougall Molson in London and Ludovic Bernet in Paris. We received instructions during the year from a number of new clients including the European Bank of Reconstruction and Development, SigmaRoc, Strongbow Exploration, Terrafame Group and Traxys Europe. Some of the highlights of our work for these clients include:
· acting for SigmaRoc as it continues its buy and build programme.
· representing TSX-V listed, Strongbow Exploration, on its proposed AIM admission and placing to fund its reopening of the historic South Crofty tin mine in Cornwall.
· advising Terrafame, a Finnish company producing primarily nickel and zinc at the Sotkamo mine.
The team has also closed this year a £17 million fundraising for Bluejay Mining acting for SP Angel and Hannam & Partners.
Jonathan Brooks, Head of Mining and Metals at Fieldfisher comments: "The increasing confidence in the sector and the further growth of the team resulted in a record year in terms of the aggregate size of the deals on which we advised. The work was very varied, with us representing companies and funders on matters ranging from equity, debt and production-based funding to host state investment, M&A and commercial arrangements. As well as continuing to advise on transactions in continental Europe, Africa and the CIS region, it is also particularly exciting to be involved, through our work for Dalradian Resources and Strongbow Exploration, in two of the biggest mining projects in the UK."
Further details of our activity, our new clients and members of the team are set out in this document.