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Mining and Metals

The mining and metals sector has faced a number of challenges as a result of reduced global demand, sustained low commodity prices and high operating costs. Investors and banks have moved away from the sector, reducing access to capital and forcing mining companies to seek alternative means of funding new projects and of operating, refinancing and restructuring existing assets. The sector is also facing significant changes to fiscal and government policy, particularly in terms of the social and environmental impacts of mining. Drawing on a wealth of international experience, our international mining team provides a comprehensive and integrated service across the full life cycle of a mining project.

Notable deals

  • Advising Amur Minerals Corporation on a secondary placing to raise £6.1 million to fund a subscription for US$4.67 million in secured convertible loan notes in Nathan River Resources Pte Limited and the continued development of the Kun-Manie project in Russia.
  • Advising SigmaRoc on a £11.21 million vendor placing in connection with its acquisition of CCP Building Products.
  • Advising Kalahari Metals on an earn-in agreement to acquire from Resource Exploration and Development interests in 5 copper exploration licences in Botswana.
  • Advising KEFI Minerals on a £4 million secured convertible loan facility with Sanderson Capital Partners.
  • Advising Vardar Minerals in connection with an investment of up to £1 million by Beowulf Minerals.
  • Advising Strongbow Exploration on an offtake agreement for the purchase by Orion Mine Finance of 5% of production from the South Crofty tin mine in Cornwall in return for a US$3 million equity investment in Strongbow's AIM IPO.
  • Advising Dalradian Resources as English legal counsel on its C$537 million recommended takeover by Orion Mine Finance by way of a plan of arrangement.
  • Advising Traxys Europe on a US$10 million secured prepayment facility provided to Hellyer Gold Mines in Tasmania.
  • Advising in relation to a fundraising by Bushveld Minerals to raise up to US$22.2 million.
  • Advising Amur Minerals Corporation on a convertible loan facility of up to US$10 million with an investment consortium arranged by RiverFort Global Capital.
  • Advising the EBRD on the Bank of China's US$120 million participation in the syndicated loan arranged by the EBRD and to be made to Kazakh company, JSC ShalkiyaZinc.

Mining and Metals: 2019 Wrap

Our integrated team of mining and metals experts assisted miners, brokers, streaming and royalties businesses, banks and commodity traders on deals worth in excess of US$1.1 billion during 2019.

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Alternative financing 2.0: The next phase of mining funding?

In our latest overview of the mining sector, Fieldfisher examines emerging and established sources of finance available to companies.

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