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Mining and minerals in London

Baker McKenzie

Baker McKenzie's multi-disciplinary team is singled out for 'managing complex transactions to the highest standard', and handles high-value work for large mining companies, including ZCCM Investment Holdings and Saudi Arabian Mining Company (Ma'aden). Led by standout practitioner Richard Blunt, the group handles sizeable international sale and acquisition mandates across the Middle East and advises clients on project financings. Mike Webster is the key name for mining and infrastructure development work, with over three decades of expertise in the EMEA region, and Susannah Davies advises on regulatory matters. At senior associate level, Rhiannon Williams focuses on construction-related work. The group also acts for clients in litigation before the High Court in London, as well as in international arbitration.

Practice head(s):

Richard Blunt

Other key lawyers:

Mike Webster; Susannah Davies; Rhiannon Williams 

Testimonials

‘The Baker McKenzie team is adept at managing complex transactions to the highest standard – making sure every legal issue is run to ground, making sure all aspects of the transaction are moving efficiently and in co-ordination with other advisers and workstreams, and, last but not least, working as a true partner with the client. No matter how small the issue, the Baker McKenzie team is always looking for ways to get the best outcome for the client.’

‘Richard Blunt stands out. He has excellent technical legal skills and comes impeccably prepared for any meeting or negotiation. He also inspires excellent work from his team, getting the best from fellow partners all the way to the most junior lawyers.’

Susannah Davies not only displayed great knowledge in her field but was also able to advise the company with practicality in mind.’

Richard Blunt is excellent. Always available and transparent. Willing to go the extra mile and to bring in additional expertise where required.’

‘Richard Blunt is a very accessible partner and he has a team of very capable associates supporting him, which keeps the fees low but the advice is still high quality.’

‘A hands-on firm which is very supportive of the client’s needs and works tirelessly and professionally to ensure that the client gets the best advice and results. The team always endeavours to provide alternative solutions that serve the purpose.’

‘Aside from providing advice, the firm also works towards transferring skills and knowledge to the client. The team members’ expertise in their field has greatly aided my broader understanding of the industry.’

‘Very competent team with relevant and comprehensive industry knowledge. Take a pragmatic approach.’

Key clients

Saudi Arabian Mining Company (Ma’aden)

Rio Tinto

Nyrstar

Anglo Pacific Group

Alliance Altyn LLC

Impala Platinum Holdings Limited

National Titanium Dioxide Company (AMIC)

Audley Capital

Arcelormittal

Anglo American

Vale

Talis Capital

Graymont

Muntajat / Qatar Petroleum

ZCCM Investment Holdings

Chaarat Gold Holdings

Work highlights

  • Advising Saudi Arabian Mining Company (Ma’aden) on the Mansourah-Massarah gold project, which is an important part of Ma’aden’s strategy to increase its gold production to one million ounces a year.
  • Advised AMIC / Cristal on the sale of Cristal’s metal grade titanium chloride (MGT) production plant in the Kingdom of Saudi Arabia to Tronox Limited.
  • Advising Nyrstar in connection with potential environmental and related claims arising out of the transfer to landfill of zinc residuals from one of the Nyrstar group’s smelters in Norway.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP’s mining practice group is backed by a strong corporate M&A department that can handle large transactional mandates for industry leaders including Anglo American. The team is overseen by European mining group head Greg Mulley in London, and advises on project financing and mine developments across emerging markets. In a recent highlight, the team acted on a first-of-its-kind project financing mining matter in Eritrea. The core group comprises corporate partner Laura Hulett, who specialises in the natural resources sector, David Walton and new partner Helen Beatty, who has experience acting on matters in the African and Australian markets. On the international arbitration side, Paula Hodges QC is a name to note, as is associate Nihal Joseph.

Practice head(s):

Greg Mulley; Jay Leary

Other key lawyers:

David Walton; Nihal Joseph; Paula Hodges QC; Laura Hulett; Helen Beatty

Testimonials

‘Nihal Joseph is an associate to watch. Very bright and hardworking.

‘Herbert Smith Freehills provided exceptional support on what was a challenging transaction. I felt at ease as I knew that every legal risk had been thought of and carefully considered, which was a great comfort when working on multiple workstreams. The team are always willing to have a conversation regarding fees to ensure that the client feels that they are receiving value for money.’

‘Greg Mulley is an exceptional mining partner who has extensive experience of the industry. He is always available at short notice if required but also allows his associates to work on the deal if partner presence is not required.’

Key clients

Anglo American plc

Pala Investments Limited – Wolf Minerals UK Limited (in liquidation)

Keliber Oy

Orion Resource Partners

Ferrexpo plc

Thor Explorations (and its subsidiary Segilola Resources Operating Limited)

KEFI Gold and Copper plc (and its subsidiary Tulu Kapi Gold Mine Share Company)

BNP Paribas

Africa Finance Corporation and African Export-Import Bank

Dynamic Mining

South32

Elementis plc

Lazard

BHP Group plc

APG Mining Consultants Inc.

Norilsk Nickel

Rio Tinto

De Beers

CIBC

Arcelor Mittal

AMC Bauxite

ING Bank

Anglo Pacific Group plc

Societe Generale

Adriatic Resources

Konkola Copper Mines plc

Eurasian Natural Resources Corporation plc

Vedanta Resources Limited

Acacia Mining plc

Katanga Mining Limited

Work highlights

  • Advised Anglo American on its acquisition of Sirius Minerals plc, which was of enormous strategic importance to the client.
  • Acting as the main legal counsel for Ferrexpo and advising on a wide range of highly strategic matters, including a share freeze imposed by a Ukrainian court on shares of Ferrexpo’s main operating subsidiary in Ukraine.
  • Advised Keliber Oy in connection with the development of its lithium mine and lithium hydroxide processing plant in Finland.

Linklaters LLP

Linklaters LLP‘s ‘top-rank‘ team has an impressive track record in the mining and minerals space. Backed by a strong finance team and a deep bench of experts, the practice advises on the full lifecycle of assets, including international M&A transactions, project financing developments, and disposals. The global mining practice is led by Toby Grimstone, James Inglis and Robert Cleaver in London; the core team also comprises key partner Ian Hunter, who has recently advised Glencore on major transactional matters, the highly rated Aisling Zarraga, who leads on some of the group's most important client relationships, and Africa group head Andrew Jones. The team also has vast expertise in regulatory matters.

Practice head(s):

Toby Grimstone; James Inglis; Rob Cleaver

Other key lawyers:

Ian Hunter; Aisling Zarraga; Andrew Jones

Testimonials

‘Ian Hunter is very bright, commercial and solutions focused. He makes himself available to the client – he is always contactable and quick to respond.’

‘Top-rank team of excellent operators. Aisling Zarraga is highly rated.’

‘As a specialised mining practice, they are familiar with the type of business we do, and they have language skills that fit with our business as well as overseas offices that can assist in certain areas.’

‘This team is extremely knowledgeable and no problem is to big to be solved. They are logical and able to step back and think out of the box. They are also extremely efficient and are able to deliver to tight deadlines. Their turnaround on complex issues is extremely quick.’

‘The individuals we work with feel as if they are part of the internal team and we are all aligned and working towards a common goal. They become part of the team and feel as motivated as the internal team. They are extremely approachable and explain things logically even though they are brilliant in their fields. They are extremely knowledgeable.’

‘Great strength in depth and knowledge of the market.’

‘They are easy to talk to in a normal way; they communicate in non-lawyerly language. They also get that most business colleagues don’t want to know the legal detail and so tailor their output to that.’

Key clients

Glencore

Anglo American

Rio Tinto

KAZ Minerals

Endeavour Mining

EVRAZ

Gold Fields

Jingye Group

Sibanye Stillwater

Anglo Gold Ashanti

Work highlights

  • Advising KAZ Minerals PLC in relation to a recommended cash offer by a consortium of its two largest shareholders, to be effected by way of a scheme of arrangement.
  • Advised Endeavour Mining, an international multi-asset gold producer with a market capitalisation of $6bn, in connection with its announced acquisition of Semafo, a mining company with gold production and exploration activities in West Africa.
  • Acting for Anglo American, the world’s largest producer of platinum, in relation to the recommended cash acquisition of Sirius Minerals Plc.

Mayer Brown International LLP

Mayer Brown International LLP’s ‘excellent’ mining practice group is singled out for its vast international offering and expertise across the mining project development and financing space. Under the leadership of Ian Coles (who also heads the Africa practice), the team handles an assortment of high-value mandates, including advising on a $150m credit facility for a consortium of lending banks, including UniCredit Bank, to Dundee Precious Metals. Rachel Speight is recommended for advising banks and sponsors on cross-border project financings, particularly in African markets, as is senior associate Emma Sturt, who advises lender banks on financing and refinancing projects.

Practice head(s):

Ian Coles

Other key lawyers:

Rachel Speight; Emma Sturt

Testimonials

‘The practice is made by the strengths of the team: they have a broad knowledge base with class-leading experience in mining and metals. This has been developed over many years across multiple geographies and lending structures.’

Key standout members of the team are Ian Coles and Emma Sturt. The difference is the pragmatism and experience of working on both the lender and borrower side over many years on transactions in the sector. Experience can be found in several firms, but implementing and negotiating a sensible result is sometimes less of a focus; the MB team is responsive and pragmatic.’

‘A very engaged team with excellent availability and performance.’

‘Rachel Speight is a very likeable personality and combines in-depth knowledge of the mining sector with delivering excellent results to her clients, on time and on budget.’

Key clients

Citibank

HSBC Bank

ING Bank

Investec Bank

Macquarie Bank

Bank of Montreal

Barclays Bank

Société Générale

Meridian Mining

Africa Finance Corporation

UniCredit Bank

EBRD

Women in Mining

BNP Paribas

Export Development Canada

Raiffeisen Bank

Royal Bank of Canada

Nedbank Capital

FirstRand Bank

RMB Resources

Almonty Industries

Work highlights

  • Represented Citibank, London Branch, HSBC Bank Canada, ING Bank N.V., and ING Bank, a branch of ING-DiBa, as coordinating mandated lead arrangers, on the fully committed and underwritten debt refinancing on US SunGard terms of an existing $430m syndicated revolving facility and extension of a new $370m syndicated senior secured bridge term facility with Endeavour Gold Corporation, in connection with its acquisition of Teranga Gold Corporation.
  • Advised AFC on its provision of a $21m stream facility and $54m credit facility to fund Thor Explorations’ Segilola Gold Project in Nigeria.
  • Led work for Sumitomo on its $1.2bn acquisition of a 30% interest in the Teck-owned Quebrada Blanca Copper Project in Chile, and advised on the $2.5bn project financing of the Quebrada Blanca Phase 2 project.

Norton Rose Fulbright

Norton Rose Fulbright fields a strong mining and minerals practice group which focuses on the Latin American and African markets. Overseen by Martin McCann, the multi-disciplinary team handles private equity deals, cross-border financing transactions and dispute resolution matters for large mining companies including Anglo American. The core team comprises Raj Karia, who focuses on capital markets transactions, Daniel Metcalfe, who advises commercial lenders and financial institutions, Holly Stebbing and Daniel Giemajner. At associate level, project finance specialist Felicity Brown remains a key contact. Other names of note include the corporate finance-focused Jon Perry, who has significant expertise in the Asian markets. The practice regularly works on international deals with the firm's offices in Washington DC, Amsterdam and Paris.

Practice head(s):

Martin McCann

Other key lawyers:

Raj Karia; Holly Stebbing; Daniel Metcalfe; Felicity Brown; Daniel Giemajner; Jon Perry

Testimonials

‘The team that I worked with was not only responsive but also proactive and always available to discuss questions or concerns, which made making time-sensitive business decisions a much more streamlined process.’

‘Daniel Giemajner is very approachable and friendly – and his advice is proactive, pragmatic and commercial. He is also always quick to respond when needed. He makes dealing with difficult issues much less stressful.’

‘Strong partner-led support on a timely and amicable basis. Daniel Giemajner is flexible, knowledgable and amicable.’

‘A really strong team that is good to work with, particularly Jon Perry.’

‘They have a strong technical and legal understanding and the ability to explain the alternatives and the advantages and disadvantages to the client. A collaborative approach with all parties involved reduces unnecessary conflict (which in turn is less expensive and time consuming). They have a clear understanding of client objectives and legal advice is given accordingly. Very responsive and quick turn-around on documents.’

‘Dan Metcalfe is respectful of all parties involved in negotiations and has deep project finance experience, particularly in Africa, and a strong working relationship with lenders and legal counsel for lenders. He is able to tailor his advice and approach based on an understanding of our objectives and offer alternative solutions to consider.’

Key clients

Allied Gold

Alufer

Anglo American

AngloGold Ashanti

Appian Natural Resources Fund

Aureus Mining

Banro

Barclays

Bellzone Mining Rio Tinto

BHP Billiton

Caterpillar Finance

Centamin plc

Centerra Gold Inc

Compagnie des Bauxites de Guinee

EIB

Endeavour Mining

ERG

FMO

First Rand Bank (RMB)

IAMGold

La Mancha

Lucara Diamond Corporation

Lundin Gold Inc

Nedbank

Petropavlovsk Plc

Red Kite Mine Finance

Roxgold

Shalina Resources

Standard Bank

Standard Chartered Bank

Societe Generale

Taurus Mining Fund

Tizir Limited

Trafigura

TrueGold

Yara International

Work highlights

  • Advised Appian Capital Advisory as sponsor on the project financing of the Serrote copper and gold mine in Brazil, owned by Mineração Vale Verde do Brasil Ltda.
  • Advising TRQ in connection with a gold streaming transaction derived from gold from the world-class Oyu Tolgoi copper/gold mine in Mongolia.
  • Advised CBG (which is owned by Rio Tinto, Alcoa, Dadco, and the State of Guinea) in connection with the $800m expansion of its Sangaredi bauxite mine in western Guinea and the most recent $200m financing of its shared railway infrastructure.

White & Case LLP

White & Case LLP's mining and minerals practice group is singled out for its 'excellent knowledge' and is led by global head of mining and metals Rebecca Campbell in London. The team expanded its senior ranks in 2021: Andrzej Omietański, who advises on an assortment of cross-border project financing matters, capital markets transactions and development projects, was promoted to counsel, and Kamran Ahmad, who is a key name for complex financings in the natural resources sector, made partner. The department advises leading industry names, including SolGold Plc, as well as major banks on financing deals. It also draws on the firm's global offering across New York, Miami and Sydney to handle large international mandates with a multi-disciplinary team across corporate, litigation and capital markets.

Practice head(s):

Rebecca Campbell

Other key lawyers:

Andrzej Omietański; Kamran Ahmad

Testimonials

‘Excellent knowledge of the legal framework within which the industry operates and secondly of the commercial aspects of the business and the ESG environment.’

‘Excellent legal knowledge and drafting. Prompt attention to the client’s needs.’

‘Rebecca Campbell really gets to know our business, understands our needs and works to help us meet them in the most practical way. She is like one of our team.’

‘Rebecca Campbell’s combination of technical knowledge of the sector and legal experience proved to be extremely beneficial. Andrzej Omietański also worked hard for us and deserves a mention.’

‘We were hugely impressed by the team’s depth of knowledge, willingness to go above and beyond and strong appreciation of ESG issues in the sector. The team helped to co-ordinate an expert technical report which proved extremely valuable to the project. They brought balanced advice and helpful context from other parts of the industry.’

‘The team has deep knowledge of the mining industry, including of royalties and streaming agreements. Very organised and focused.’

Key clients

SolGold Plc

High Power Exploration Inc. (HPX)

Lenders to Compagnie des Bauxites de Guinée (CBG)

An ad hoc committee of noteholders in respect of the Notes issued by the Petra Diamonds Group

Ivanhoe Mines

Global Palladium Fund, an affiliate of the Norilsk Nickel group

Petropavlovsk PLC

Triton Partners

Future Global Resources Limited

Ivanhoe Capital Acquisition Corp.

Emirates Global Aluminium PJSC (EGA)

MMG

Lenders to Tri-K (Banque Centrale Populaire, Société Générale and Attijariwafa Bank)

Daniel W. Kappes and Kappes, Cassiday & Associates

Work highlights

  • Advising SolGold Plc on ongoing corporate, governance, project development and financing work, most notably a $150m net smelter returns royalty financing agreement with Franco-Nevada Corporation.
  • Advising an ad hoc committee of noteholders in respect of the $650m 7.25% senior secured second lien notes due 2022 in the anticipated financial restructuring of the London-listed diamond mining group Petra Diamonds.
  • Advising Ivanhoe Mines on an array of project and financing matters, in particular an EKN-supported export credit facility of €176m and a down payment facility of $24m for Kamoa Copper SA (a joint venture between Ivanhoe Mines and Zijin Mining) and in the sale of $575m in aggregate principal amount of 2.50% convertible senior notes due 2026.

Ashurst

Ashurst’s mining practice group has expertise operating in the African and Latin American markets. Overseen by London-based global mining team co-chair Yann Alix, the team advises mining companies on project development, financings and corporate acquisitions. Matthew Wood heads the African project financing group and acts for lenders, sponsors and states across the energy and natural resources area. Richard de Carle bolstered the practice after joining from Slaughter and May in March 2020, and brings with him over two decades of international experience in corporate finance work. The team fields mining experts qualified in both England and Wales and France who are well equipped to handle cross-border mandates.

Practice head(s):

Yann Alix

Other key lawyers:

Matthew Wood; Richard de Carle

Key clients

Anglo American

Petra Diamonds Limited

Rusal

Managem

Sherritt International Corporation

Newcrest Mining

Iluka Resources

Société des Mines de Fer de Guinée (SMFG)

Work highlights

  • Advised Petra Diamonds Limited on its long-term balance sheet restructuring, which involved a debt for equity conversion of approximately $409.9 million of noteholder debt into new ordinary shares.
  • Advised Managem on the development, construction and financing of the Tri-K gold mine project and related infrastructure in Guinea.
  • Advised the Centre for Natural Resource Governance in relation to the review and assessment of Zimbabwe’s mining legal framework.

Clifford Chance LLP

Clifford Chance LLP's global mining and minerals team handles large-scale transactions and is backed by a strong international arbitration practice which acts for industry leaders on high-value disputes. Overseen by a trio of key partners - David Lewis and project finance lawyer James Pay in London, and Simon Greenberg in Paris - the group handles a steady stream of cross-border mandates across the African and Latin American markets, covering financings, acquisitions and sales of assets. Luke Tolaini handles investigations, enforcement and litigation, whilst  Audley Sheppard QC remains the key contact for mining disputes. Other areas of strength include the renewable energy sector and advising on complex restructurings. The team regularly works with its offices in Paris, Tokyo and Sydney.

Practice head(s):

David Lewis; James Pay; Simon Greenberg

Other key lawyers:

Audley Sheppard QC; Luke Tolaini

Testimonials

‘Impeccable blend of technical knowledge, client service and commercial understanding.’

Key clients

Antofagasta

Eramet

Kingsgate Consolidated

Nova Resources B.V.

GFG Alliance

Glencore

Guinea Bauxite Company

Arrowhead Resources

Vale

VTB Capital

Pacific Wildcat Resources

Bahrain Steel

Baikal Mining Company

Tantalum International Limited

Churchill Mining

Norsk Hydro ASA

Work highlights

  • Advising Nova Resources BV on its £3bn take-private offer for KAZ Minerals PLC, a high-growth copper company listed in both London and Kazakhstan.
  • Advised Norwegian energy and aluminium company Norsk Hydro ASA on the €1.38bn sale of its Rolling business to private equity firm KPS Capital Partners.
  • Represented Kingsgate Consolidated Ltd, an Australian Securities Exchange-listed gold mining company and owner of the Chatree gold and silver mine in Thailand, in arbitration proceedings.

Hogan Lovells International LLP

Hogan Lovells International LLP's full-service mining group has 'great cross-border strength', and advises on project development matters, financings and international acquisitions. Adrian Walker heads the team and handles mining and construction-related projects across emerging markets. He is supported by Arun Velusami, who is singled out for his expertise in African-focused mandates. On the international arbitration side, Kieron O’Callaghan heads up the group and is active in mining disputes. The group also has transactional strength.

Practice head(s):

Adrian Walker

Other key lawyers:

Ben Hornan; Kieron O’Callaghan; Arun Velusami 

Testimonials

‘Great cross-border strength, with a very strong client base in Russia and Eastern Europe. The firm has significant depth in its international expertise.’

‘Kieron O’Callaghan and Ben Hornan are standout partners in the dispute resolution department, especially as regards international arbitration disputes. They are savvy and commercially minded litigators who never lose sight of the need to find the best ways of achieving clients’ objectives.’

The team offers in-depth knowledge of the markets, excellent strategic thinking and truly international coverage, which is essential where many disputes are arbitrated in London under LCIA rules but are for clients around the globe.’

‘Kieron O’Callaghan provides strategic direction as well as a detailed appreciation of the markets and a keen sense of the needs of the client. Ben Hornan works extremely well in partnership with Kieron, being the day-to-day point of contact for clients and getting into the detail of their cases, what they want to achieve and the strategy.’

Work highlights

  • Acting for Eurasian Natural Resources Corporation (ENRC) in its high-profile $100m claim against the Serious Fraud Office.
  • Acted for Cunico Resources in successfully settling an investment claim against the former Yugoslav Republic of Macedonia before the ICSID, relating to Cunico’s investment in the largest producer of ferronickel in the country.

Milbank

Milbank’s mining practice has ‘profound knowledge of the industry’, and is active in the Latin American and African markets, advising lenders on large financing structures. Practice head John Dewar handles project financing work across the natural resources and infrastructure spaces, whilst Manzer Ijaz is the name to note for large international financings and project developments in the energy space. Associate Seyda Duman advises commercial banks and multilateral financial institutions on cross-border project financings. The team counts BNP Paribas and Standard Chartered Bank as key clients, and frequently works with its office in New York.

Practice head(s):

John Dewar

Other key lawyers:

Manzer Ijaz; Seyda Duman

Testimonials

‘Profound knowledge of the industry, comprising technical and commercial background and recent developments.’

Great team – very responsive, very detailed.’

Key clients

KfW IPEX-Bank GmbH

Nyrstar

EBRD

IFC

BNP Paribas

Standard Chartered Bank

Export-Import Bank (US)

Export Finance Australia

JBIC

K-EXIM

African Development Bank

ABSA

EIB

EDC

Work highlights

  • Advised the lenders in connection with the $300m project financing for the Kinross-sponsored Tasiast Gold Mine located in Mauritania.
  • Represented KfW IPEX-Bank GmbH as lender in the $75.1m term loan facility for the financing and operation of the Sangdong Tungsten Mine Project in the Republic of Korea.
  • Advised the lending group in a circa $4bn project financing facility for the Oyu Tolgoi Project.

Simmons & Simmons

Simmons & Simmons’ mining group is frequently instructed to advise on complex mining projects across Africa and Latin America. The team counts major mining companies, investment funds and private equity houses as clients. Overseen by Iain Duncan, the group is active across the energy and natural resources areas. Alex Bloomfield focuses on the construction and financing of projects, while Yves Baratte, who is based between London and Paris, has over a decade of experience in international mining projects. The team also handles mining disputes. Of counsel Corinne Noel, who joined from Skadden, Arps, Slate, Meagher & Flom (UK) LLP in May 2020, brings a specialism in aluminium and mining to the practice.

Practice head(s):

Iain Duncan

Other key lawyers:

Alex Bloomfield; Corinne Noel; Yves Baratte

Testimonials

‘Client-oriented, responsive and provide comprehensive advice.’

‘Responsive, good communication and practical approach.’

Key clients

Anglo American PLC/ Kumba Iron Ore / De Beers

Orion Resource Partners / Orion Mine Finance

Resource Capital Funds (RCF)

Sandstorm Gold

Pala Investments

First Quantum Minerals Ltd

Terrafame / Finnish Minerals Group

Macquarie Bank and Macquarie Capital

Mantos Copper S.A.

Africa Finance Corporation

Gemfields Plc

Sumatra Copper & Gold PLC

Mondo Minerals

Nordgold

Mantoverde S.A.

Work highlights

  • Acted for Mantoverde SA (a subsidiary of Orion Resource Partners and Audley Capital) on the equity and project financing of the Mantoverde copper mine in Chile, worth $900m.
  • Advising De Beers in connection with its purchase and export of diamonds in West Africa from artisanal miners.
  • Advised Mantos Copper as mine owner on a $250m financing, including senior secured debt provided by Glencore, a silver stream provided by Osisko, a copper royalty provided by Anglo Pacific Group and subordinated shareholder debt.

Allen & Overy LLP

Allen & Overy LLP's global mining group advises on M&A and financial transactions in the sector, in addition to tax and regulatory matters, covering a wide range of jurisdictions. Dominic Morris is a key contact.

Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP has a strong capital markets-based mining practice group which provides a full-service offering to an impressive client list including Pensana Metals Limited. Jointly managed by standout practitioners Alexander Keepin and Tom Eldridge, who is singled out for his ‘solution-driven' approach, the team handles equity capital markets transactions and cross-border financings, and is active in the Main Market. Counsel Brian Mulkerrins  handles corporate transactions for many natural resources sector clients. The team also advises governments, large corporates and global investment banks.

Practice head(s):

Alexander Keepin; Tom Eldridge

Other key lawyers:

Brian Mulkerrins

Testimonials

Tom Eldridge is a standout mining practitioner. Tom is so hands-on and solution-driven. Always gets the deal done painlessly.’

‘Tom Eldridge has sound commercial judgement as well as deep legal expertise in the mining and metals sector.’

Deep market knowledge, good reaction times, courteous manner, flexibility and patience.’

We enjoy working with Tom Eldridge, who we consider exceptional in mining due diligence, deal and contract structuring, and contract drafting.’

‘Alexander Keepin has a very deep understanding of the issues faced by natural resources companies in the public markets. In particular he is adept at dealing with dual-listed businesses.’

Key clients

Resolute Mining Limited

Wheaton Precious Metals

Petropavlovsk plc

Ncondezi Energy Limited

Pensana Metals Limited

Trident Royalties

Helium One Global Limited

ING Bank N.V

Société Générale S.A

BNP Paribas S.A

Work highlights

  • Advised Wheaton Precious Metals on its £18bn admission to the Main Market of the London Stock Exchange (LSE) and the Official List of the FCA (standard segment).
  • Advised Trident Royalties plc on the admission of its ordinary shares to trading on AIM and move from the LSE’s Main Market.
  • Advised CA-CIB, ING Bank, Natixis and Société Générale, as mandated lead arrangers, and others banks on the $400m secured term loan financing and commodity hedging for the Aguas Tenidas copper, zinc and lead mine in Spain.

DLA Piper

DLA Piper has a reputable national practice which has ‘knowledge of all aspects of minerals law and the minerals industry’ and is led by Sheffield-based Petra Billing. The group handles significant cross-border work and acts for sovereign states, including the Republic of Guinea, and large companies such as Tata Steel UK. Birmingham-based Roger Collier is also a key member of the group, with over two decades of experience in mineral exploration and acquisition matters. In London, Sarah Thomas handles non-contentious construction mandates, including mining projects.

Practice head(s):

Petra Billing

Other key lawyers:

Sarah Thomas; Roger Collier

Testimonials

‘DLA has expertise and knowledge of all aspects of minerals law and the minerals industry, which enables them to provide exceptional, relevant and highly practical and reliable advice. They have shown great flexibility in interfacing with our internal case management system. The minerals team at DLA feels like an extension of our internal teams and all advisers are highly respected and trusted. They have a great commercial understanding and awareness and this is reflected in their approach, which is tailored and proportionate to the commercial reality and risks of each situation.’

‘Roger Collier and Petra Billing both provide advice in a timely and efficient manner and it is always highly practical and well catered to the relevant audience. Both feel like an extension of our in-house legal and estates teams and are very highly regarded by our business – they are truly trusted and respected advisers.’

Experts in this specialist area – very practical and commercial in their approach, and a joy to work with.’

’Petra Billing is very bright, commercially astute and knows the area inside out. Great fun to work with.’

Key clients

Aggregate Industries ( UK ) Limited/ LafargeHolcim

Tarmac/CRH PLC

Imerys Minerals Limited

Ibstock PLC

Sibelco UK

RecyCoal

Tata Steel UK Limited

Syrah Resources

Government of Kenya

The Coal Authority

Republic of Guinea

Cemex UK Operations Limited

Work highlights

  • Advising the Ministry of Mines and Petroleum of Afghanistan in relation to the award of three mining concessions for the exploration and exploitation of gold in respect of the Badakhshan project, and copper in respect of the Balkhab project and Shaida project.
  • Acted for a landowner in a claim for damages following the failure of a minerals operator to satisfy its planning, restoration and aftercare liabilities under a historic minerals lease and related planning obligations.
  • Advised a number of clients in the mining sector on a wide range of matters concerning the impact of Brexit.

Fieldfisher

Fieldfisher's practice advises on mining and infrastructure projects over a large domestic and international footprint, which includes Africa, Europe and the CIS region. Overseen by Jonathan Brooks, the team handles an assortment of financing matters, particularly alternative mining finance, debt finance and project finance deals on critical metals used in renewable energy assets. The core group include corporate contact George Cotter, who advises on equity capital markets transactions and has two decades of experience assisting with flotations, fundraisings and AIM listings, and Dominic Gurney-Champion, who advises small and mid-cap mining companies.

Practice head(s):

Jonathan Brooks

Other key lawyers:

George Cotter; Dominic Gurney-Champion

Testimonials

’George Cotter has been involved with our company and grown into our lead contact, providing full and knowledgeable support. Rapid responses and quick access to support from any Fieldfisher office is provided. During the pandemic, there has been no drop-off of support.’

‘The firm provided first-class support, with pragmatic and excellent commercial advice which benefitted all parties. The teams were well briefed such that the company did not have to repeat conversations with different individuals. The work requested of the firm was also turned around efficiently.’

‘Jonathan Brooks is very responsive and provides solid, pragmatic and commercial advice. An excellent all-round senior team.’

‘The international distribution of offices and affiliated organisations is invaluable to our company.’

Key clients

Africa Finance Corporation

African Lion Gold plc

Amalgamated Metal Corporation plc

Amur Minerals Corporation

Atalaya Mining plc

Beowulf Mining plc

Central Asia Metals plc

Cornish Metals Inc.

Dalradian Gold Limited

The European Bank for Reconstruction and Development

Everest Alliance Limited

finnCap

Fusion Capital AG

Golden Arrow Resources Corp.

Ibex Metals AG

Invesco

ISON Mining Pte Ltd

Joh. Berenberg, Gossler & Co.

Kalahari Metals Ltd

Kodal Minerals plc

Liberum Capital

Orion Minerals Ltd

Osisko Gold Royalties

Savannah Resources plc

SigmaRoc plc

SP Angel Corporate Finance LLP

Tamesis Partners

Tembo Capital Mining GP Limited

Tennyson Securities (formerly Mirabaud Securities)

Terrafame

Trafigura Pte Limited

Traxys Europe S.A.

Vardar Minerals Limited

VTB Commodities Trading

Yanggu Xiangguang Copper Co. Ltd. (“XGC”)

Work highlights

  • Advising Cornish Metals on its AIM admission and fundraising to raise £8.2m and the refinancing of its debt funding from Osisko Gold Royalties by way of the grant of two net smelter royalties.
  • Advising Liberum, Tamesis and Cormark as joint bookrunners on a $40m fundraising for AIM-quoted Shanta Gold Ltd.
  • Advising Traxys as offtaker in connection with a $55m loan facility provided by ING Bank to Hellyer Gold Mines.

Gowling WLG

Gowling WLG has a reputable national and international mining finance practice for small and mid-cap mining companies and AIM-listed clients. The team advises an impressive client list on cross-border corporate transactions, project financings and fundraisings. Charles Bond, who also heads the UK’s natural resources group, manages the team and advises clients with assets in emerging markets, including Africa, India and South America. Andrew Wright is now a consultant at the firm but remains active in the team and a market leader in this space. Legal director Susan Johnston is recommended for her practice focusing on public and private offerings of securities for mining, exploration and natural resource companies.

Practice head(s):

Charles Bond

Other key lawyers:

Susan Johnson; Andrew Wright

Testimonials

’The most important feature of Gowling is their understanding of the mining sector and money markets. They are able to guide organisations through the complexities of operating in multiple jurisdictions and advise on fundraising and compliance.’

’The parties I have worked with most are Andrew Wright and Charles Bond. I find their contacts and understanding of the global mining sector exceptional. Their advice and guidance has been very valuable to me and over the years I have recommended them to others on countless occasions. More than anything, I appreciate their integrity and impeccable conduct.’

Key clients

Hummingbird Resources plc

Bushveld Minerals Ltd

AfriTin Mining Ltd

Eurasia Mining plc

Bacanora Minerals Ltd

Virtus Mining

Ariana Resources plc

Phoenix Copper

Strand Hanson

Shore Capital

Tertiary Minerals plc

UGC (Uzhuralzoloto)

Work highlights

  • Advised Bushveld on a $65m secondary financing with Orion Mine Finance, consisting of a $35m convertible loan and an innovative production linked facility for $30m.
  • We advised UGC (Uzhuralzoloto) on the shareholder activism and dispute regarding the replacement of the board of directors of Petropavlovsk Plc.
  • We advised Bacanora on the sale of its stake in Deutsche Lithium GmbH to Erris Resources plc, and its subsequent $65m equity fundraising with Citi and Canaccord, and additional $21m investment from Ganfeng Lithium.

Latham & Watkins

Latham & Watkins’ mining practice group is led by Craig Nethercott and advises on a range of large-scale mining activity and environmental law. The team counts a number of mining and metals companies, including ArcelorMittal, as key clients, and also acts for governments in arbitration. Chirag Sanghrajka maintains a busy corporate finance practice and is based between London and Dubai. Clement Fondufe, who co-chairs the firm's Africa practice, handles international and domestic financial transactions, and advises on the development and financing of large projects in the oil, gas and mining industries.

Practice head(s):

Craig Nethercott

Other key lawyers:

Chirag Sanghrajka; Clement Fondufe

Key clients

Rio Tinto Alcan Inc.

Aluminium Bahrain B.S.C.

Ma’aden

ArcelorMittal S.A.

Mubadala Development Company PJSC

Global Aluminium

Royal Hill Mining

EVRAZ plc

Work highlights

  • Representing the Republic of Colombia in an ICSID arbitration brought by Galway Gold Inc. in relation to mining activities in the protected area of the Santurban moorlands in Colombia.
  • Representing the Republic of Colombia in an ICSID case brought by Red Eagle in relation to mining activities in the protected area of the Santurban moorlands in Colombia.

Memery Crystal LLP

At Memery Crystal LLP, the ‘bright, knowledgeable and hardworking’ minerals practice group has strength in handling mid-cap mining work. The team has a standout Africa practice, advising UK companies on natural resources matters, with Kieran Stone being the key name here. Nick Davis heads up the practice with Michael Dawes, who has a focus on equity capital markets transactions and advises on listings on the Main Market and AIM. Melanie Talbot advises on corporate matters including disposals, joint ventures and IPOs.

Practice head(s):

Nick Davis; Michael Dawes

Other key lawyers:

Kieran Stone; Melanie Talbot

Testimonials

‘They have a very personal approach, spend time getting to know ones business and actually start to feel like one of your team. They are about much more than just ticking the boxes, but actively look to help one find solutions. Also, I can honestly say that MC have always provided the best overall value, in which one feels as if the fees charged are considerably less than the value added. I tend to be very particular when awarding performance evaluations, but I have no qualms with giving them top marks on all points.’

‘They are bright, knowledgeable, hardworking and accessible. You honestly gets the feeling that they are part of your team and committed to helping you achieve success.’

‘Their fees are very reasonable, especially considering the quality of their advice, which is always crisp, to the point and delivered punctually. They are always very personable to deal with.’

‘Kieran Stone offers excellent advice which is easily digestible and is calm and collected on calls. Melanie Talbot is excellent and gets jobs done on time, within budget and with minimal input needed from us The whole team are a delight to deal with.’

‘The team has deep understanding of dual listing in the UK and are able to advise non-residents on the UK governance requirements in a simple fashion.’

’Michael Dawes is our lead UK partner. It is his energy, technical skills and commercial viewpoint that has led to the support that we have received.’

’Strong mining sector knowledge. Kieran Stone has a sound understanding of the mining sector and the challenges of working in Africa – he is always available to discuss legal issues.’

Key clients

Yamana Gold

Capital Ltd

Shanta Gold

Taseko Mines

Kore Potash

Rainbow Rare Earths

Rambler

Pure Gold

Kropz

MOD Resources

Danakali

Petra Diamonds

Tethyan Resources

Work highlights

  • Advised NYSE/TSX-listed Yamana Gold on the admission of its shares to trading on the standard segment of the London Stock Exchange.
  • Advised Capital Limited, an LSE premium listed mining services company, on two large debt financings, an acquisition and a major equity fundraising.
  • Advised East African gold producer Shanta Gold on a significantly oversubscribed capital raising of £32.3m.

Armstrong Teasdale

Armstrong Teasdale has extensive experience across the mining and minerals sector, and regularly advises AIM-listed companies on corporate matters and financings, including commercial contracts and equity financing transactions. Peter Kohl leads the team. Una Deretic has considerable international experience, and is recommended for advising on cross-border project transactions in emerging markets. Joan Yu is the capital markets contact and focuses on Asia.

Practice head(s):

Peter Kohl

Other key lawyers:

Una Deretic; Joan Yu

Testimonials

‘Joan Yu has long and very practical experience in the oil and gas and mining sectors, especially AIM listings and transactions. Joan is always available, offers solutions quickly and smoothly and actually cares about her clients.’

‘Una Deretic is outstanding in corporate, M&A and restructuring matters, and is brilliant at seeing through complex deals and drafting workable and enduring contracts.’

‘Peter Kohl provides focused advice on corporate, M&A and compliance issues, and is a mining and oil and gas specialist.’

Key clients

Jade Resources Limited

Nordgold

Gerald Metals Groups

Highcountry Cameroon Limited

Metals Exploration Plc

Pembridge Resources Plc

Work highlights

  • Advised Pembridge Resources, a mining company listed on the main market of the London Stock Exchange, on the restructuring of its joint venture (Minto Explorations), which operates a copper mining business in Canada.
  • Acting for a high-net-worth individual in a dispute concerning the claimant’s purchase of $53 million of emeralds and the acquisition of a 50% stake in an emerald and beryl mine in Zambia.

Bird & Bird LLP

Bird & Bird LLP leverages its firm-wide strength in IP to provide brand protection to an assortment of mining clients. The team has a wide international spread, covering Africa, the Middle East and Latin America; jointly led by Clive Hopewell (who also heads the firm's capital markets group) and Adam Carling, it is regularly instructed by leading investment banks on corporate finance deals, and advises large mining companies on transactions. Elizabeth Reid is the co-head of the renewables practice and is a core part of the team.

Practice head(s):

Clive Hopewell; Adam Carling

Other key lawyers:

Elizabeth Reid

Key clients

Liberum Capital Limited and Peel Hunt LLP

Asiamet Resources Limited

LKAB Minerals

Canaccord Genuity Limited and Shore Capital Partners

Imperial X PLC

WH Ireland Limited

SP Angel Corporate Finance LLP

Beowulf Mining plc

Tirupati Graphite plc

Harvest Minerals Limited

Jangada Mines plc

Work highlights

  • Advised Asiamet Resources, an AIM-listed copper mining company, on its strategic investment from Aeturnum Energy Pte Ltd through the issue of new common shares to raise approximately £3.36m, and its £10m fundraising through a firm placing, subscription and accelerated bookbuild.
  • Advised Liberum and Peel Hunt as joint brokers to AIM-listed SigmaRoc plc, the owner of the largest blue limestone quarry in Europe, in connection with a placing to raise approximately £12.5m.

Clyde & Co LLP

Clyde & Co LLP advises governments, mine owners and operators, and banks and financial institutions, among others, on a wide range of mining matters. Maurice Kenton, who focuses on international disputes in the energy and natural resources sectors, is a key contact.

Druces LLP

Druces LLP has a long-established history in the mining sector and is skilled at handling high-end transactions, backed by its natural resources capital markets team. The team advises AIM-listed clients on corporate mandates including equity capital raisings, substantial takeovers and debt securities listings. Practice head Dominic Traynor has a focus on capital markets and has over a decade of experience advising an international client base, particularly in Latin America and Africa. Senior associate Jack Kemmish advises clients on IPOs on AIM, reverse takeovers and equity capital raisings.

Practice head(s):

Dominic Traynor

Other key lawyers:

Jack Kemmish

Key clients

Amedeo Resources

Beaumont Cornish Limited (Nominated Adviser)

Caerus Mineral Resources Plc

Conico Ltd (ASX: CNJ)

Goldplat Plc

Greatland Gold Plc

Katoro Gold Plc

Kavango Resources Plc

Kibo Energy Plc

Panthera Resources plc

Red Rock Resources Plc

Regency Mines Plc

Rockfire Resources PLC

SI Capital Ltd (broker)

SigmaRoc Plc

Savannah Resources Plc

Thor Mining Plc

Work highlights

  • Advised Kavango Resources plc in respect of its placing of 72,063,636 new ordinary shares, subscription of 663,637 new ordinary shares and admission of the enlarged share capital to the Official List and up to 244,950,808 new ordinary shares and to trading on the London Stock Exchange plc’s main market for listed securities to raise gross proceeds of £2 million, by way of a simplified disclosure prospectus.
  • Advised Caerus Mineral Resources plc on its placing, subscription and admission of the enlarged share capital to the Official List and to trading on the London Stock Exchange plc’s main market for listed securities to raise gross proceeds of approximately £2.2m.
  • Advised Savannah Resources PLC in connection with an accelerated bookbuild placing to complete a raise of gross placing proceeds of £2.34m.

Fladgate LLP

Fladgate LLP's mining group is led by Nigel Gordon and has a strong capital markets focus, in addition to handling an array of cross-border M&A transactions for mining and energy sector clients. The team has experience in advising on AIM listings, with a particular emphasis on African mandates. Paul Airley leads the natural resources team and is a key member of the group.

Practice head(s):

Nigel Gordon

Other key lawyers:

Paul Airley

HFW

HFW is particularly experienced in the development of green field mining projects in Australia, Indonesia, South America, Central America and Africa, and handles both contentious and transactional work. Consultant Nick Hutton is the key contact.

Hill Dickinson LLP

Hill Dickinson LLP's mining and minerals offering is led by Michael Bennett, who has particular expertise in corporate financing mandates. The group is experienced in handling large cross-border acquisitions and equity capital markets deals for mining and exploration companies, including Arc Minerals. Michael Corcoran is experienced in capital markets matters, Jonathan Morris is the key contact for advising on Main Market listings, and at the senior associate level, Francois de Lange is noted for debt capital markets work.

Practice head(s):

Michael Bennett

Other key lawyers:

Jonathan Morris; Francois de Lange; Michael Corcoran

Testimonials

‘Jonathan Morris provides great advice, explained in a practical way, and is easy to communicate with.’

Key clients

Arc Minerals Limited

BlueJay Mining plc

Helium One Global Ltd and Attis Oil & Gas Ltd

Emmerson Plc

Bluebird Merchant Ventures Limited

Cadence Minerals Plc

Chesterfield Resources Limited

Critical Metals Plc

Riverfort Global Opportunities PCC and YA II PN

Work highlights

  • Advised AIM-listed Arc Minerals Limited on the sale of a 99% subsidiary, Casa Mining Limited, to Golden Square Equity Partners Limited.
  • Advised Bluejay on its master distribution agreement with one of the largest Japanese trading houses in the world.
  • Advised Emmerson on an oversubscribed placing, the cancellation of its ordinary shares from trading on the Standard Segment of the Main Market of the London Stock Exchange and the fast-track admission of its ordinary shares to trading on AIM.

Pinsent Masons LLP

Akshai Fofaria, who has experience in finance, project development and international arbitration, in the mining sector, is a key contact for the team at Pinsent Masons LLP.

Quinn Emanuel Urquhart & Sullivan, LLP

At Quinn Emanuel Urquhart & Sullivan, LLP, the mining and minerals practice group has strength in the disputes area and handles high-value arbitration cases for mining companies, often against sovereign states. The team is led by Ted Greeno (who also leads the firm's energy litigation practice) and acts for upstream oil and gas, mining and construction companies in disputes. Stephen Jagusch QC oversees the international arbitration group whilst Anthony Sinclair has experience acting for energy and infrastructure sector clients in ICC, ICSID and UNCITRAL arbitrations.

Practice head(s):

Ted Greeno

Other key lawyers:

Stephen Jagusch QC; Anthony Sinclair

Key clients

Samax Resources Ltd and Geita Gold Mine Ltd

Gerald Metals SA

Work highlights

  • Representing a leading mining company in an international commercial arbitration against the Government of Tanzania in relation to a dispute over the impact of new laws introduced by the government to regulate the mining sector on the client’s mining development agreement.
  • Retained by Gerald Metals – a commodities broker dealer in Switzerland – in a dispute against mining magnate Frank Timis and in an LCIA arbitration against his family trust.

Shearman & Sterling LLP

Shearman & Sterling LLP has a focus on mining project financings and developments across emerging markets, particularly in Latin America. Marwa Elborai is active in capital markets matters and counts ArcelorMittal as a key client, while Lachlan Poustie, who is based between London and Paris, is recommended for project finance. The team leverages its strengths across corporate and dispute resolution work to provide a full service to clients.

Practice head(s):

Marwa Elborai

Other key lawyers:

Lachlan Poustie

Testimonials

‘Deep knowledge and experience. User friendly and very client focused.’

‘In-depth experience in mining and metals and the ability to advise across practice groups and geographies.’

‘They are a thoughtful, hardworking team – they fight alongside us but are practical and solution-minded.’

‘Marwa Elborai is experienced, practical and pleasant to work with.’

Key clients

Anglo American

ArcelorMittal

Nevada Copper Corp.

Inalum

Pala Investments

IFC

Albermarle

Emirates Global Alumina

ING

Orion

Work highlights

  • Advised Anglo American on the senior notes offerings issued by Anglo American Capital plc and guaranteed by Anglo American plc: $750m 5.375% senior notes due 2025 and $750m 5.625% senior notes due 2030.
  • Represented the dealer managers in connection with ArcelorMittal’s notes offer.
  • Advised Guinea Alumina Corporation (and its parent company, Emirates Global Aluminium) in connection with the $1.6 billion development and financing of a bauxite mine and related rail and port infrastructure in the Republic of Guinea.

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP is particularly experienced in the financing of mining projects in Latin America, and also assists with M&A and joint ventures in the sector. Nikolaos Andronikos, Vanessa Blackmore and Stewart Robertson are key contacts in London.

Watson Farley & Williams LLP

Watson Farley & Williams LLP handles an array of corporate mining and minerals-related work for major companies including Chesterfield Resources plc. Jan Mellmann, the global head of the firm’s mining and commodities group, oversees the team and advises on financing work and capital markets transactions. Daisy East advises sponsors and lenders on financing transactions. The team handles cross-border work across Africa and Australia.

Practice head(s):

Jan Mellmann

Other key lawyers:

Daisy East

Key clients

Chesterfield Resources plc

Work highlights

  • Advising Chesterfield Resources, a standard list copper and gold exploration company, on the acquisition by Polymetal International Plc, a FTSE 100 precious metals mining group, of a 22.5% stake in the company.