Mining in Peru
The 'deep team' at Rodrigo, Elías & Medrano – Abogados eclipses the competition, showered with praise for its performance as a 'natural and seamless extension of our company's management'; moreover, it is 'comprehensive and well put together to compliment each member', 'driven by the win' and 'differs from the competition in that the lawyers truly operate as a team'. The firm has advised on the construction, operation and expansion of the largest mines in the country, in addition to handling disputes, mining exploration projects and top-drawer transactions. Recent instructions include acting for Southern Peru Copper Corporation on its successful $2.5bn bid for the Michiquillay copper project (due to commence production in 2025, it will be one of the largest copper mines in Peru); and advising Minsur subsidiary Marcobre on its $900m project finance for the development of its Mina Just project. The team also provides ongoing strategic advice to a roll-call of leading mining companies, such as Compañía Minera Antamina, Minera Chinalco Perú, Sociedad Minera Cerro Verde, Hudbay Perú, MMG Las Bambas, Anglo American (Quellaveco) and Tahoe Resources. Department head Luis Carlos Rodrigo Prado is 'the kind of sophisticated corporate partner who would not be out of place in a first-tier firm in New York or London'; other key lawyers include corporate partner Oscar Benavides, who is 'instrumental in making our business a success' and regulatory specialist Francisco Tong, who is 'very detail oriented'. Also noted is recently made-up partner Francisco Barrios -a former head of legal at Minera Milpo- who specializes in environmental, water and permit-related mining matters
CMS Grau excels in this area, which has long been a core strength of the firm. It's 'very committed team' 'understands the sector' and provides a complete 360° service - from large-scale M&A to strategic planning, project management and regulatory advice. Clients include major industry players -both domestic and international- such as Compañía de Minas Buenaventura, Minera Cappex, Wheaton Precious Metals Corp and Rio Tinto Mining & Exploration. The four expert partners include head of practice Cecilia Gonzáles, a leading figure in both mining M&A and regulation, supported by Liliana Pautrat, Marité Aragaki and Raúl Ferreryra; all have 'extensive experience'. Moreover, the practice can also call on name partner and mining law legend Miguel Grau as required. Recent mandates saw Gonzáles lead advice to Panoro Minerals (and local subsidiary Panoro Apurimac) on an interim agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for the exploration of the Humamantata properties in southern Peru.
Clients at Estudio Echecopar member firm of Baker McKenzie International laud the firm's 'perfect knowledge of the mining & natural resources sector', 'personal approach' and 'the availability and professionalism of the team '. A combination of mining law specialists, led by Valentin Paniagua Jara, who is noted for his knowledge and commercialism, and Ina María Drago, together with colleagues from the firm's leading finance and corporate practices, provide a high-calibre offering. Recent instructions include acting for Sierra Antapite on the acquisition of the Azulcocha zinc-manganese mine and its processing plant from La Fiduciaria, and representing Anglo Pacific Group in the acquisition of a 0.5% net smelter return royalty over the Cañariaco Copper Project from Entrée Resources. Ongoing regulatory, mining and corporate advice is also provided to clients such as Trevali Perú, Volcan Compañía Minera and the Ministry of Energy and Mines.
Hernández & Cía. Abogados fields a 'large legal team across all disciplines with good commercial reality'. In the extractive sector, lead partners Luis Rodríguez-Mariátegui ('a market standout'), Luis Felipe Huertas del Pino and Miyanou Dufour combine their mining law expertise with that of environmental and land law, a valuable combination that has resulted in a notable increase in instructions despite a sluggish market. Described as 'empathetic, quick to understand and grasp difficulties, and equally quick and willing to resolve them', the team -led by Rodríguez-Mariátegui- acted as local counsel to Pan American Silver Corp on its $1.3bn acquisition of all the outstanding shares of Tahoe Resources. It also provides ongoing representation to Rio Tinto Minera Perú Limitada concerning its La Granja project, including advice on the compliance process of pending social commitments towards communities in the project area. Other clients include Glencore subsidiary Compañia Minera Antapaccay, Karmin Exploration and Hudbay Perú.
Miranda & Amado boasts a client list the envy of the market, comprising lead international and domestic players such as Anglo American, Glencore-Xstrata, Rio Tinto, Mitsubishi Materials Corporation, Las Bambas Mining Company and Chinalco, among others. The mining team is 'responsive, quick and efficient' and sits within the firm's tier one projects practice, bringing a wealth of cross-departmental capability to the fore alongside specialist mining and environmental expertise from practice head Alberto Delgado and fellow partner Guillermo Bracamonte. Recent work included acting for Mitsubishi subsiary MCQ Copper on its $600m stake increase in Anglo American Quellaveco, which owns the Quellaveco copper project. Advisory work includes representing Minera Chinalco Peru on the operation of the Toromocho mine, including advice on regulatory land management issues. The team was further strengthend with the 2018 hire of senior associate Cynthia Rebaza from Rebaza, Alcázar & De Las Casas.
Rubio Leguía Normand has a 'great mining practice with experienced lawyers'. They include well-known practice head Xennia Forno, a 'senior partner with great knowledge of the mining sector, permits and government affairs', and the very highly-rated associate Miguel Angel Soto, a 'great young lawyer' with a 'keen sense for spotting issues and delivering solutions'. In a fruitful year for the practice, it was instructed by Anglo American to advise on the development of the greenfield Quellaveco project, expected to cost $5bn. Moreover, the team also welcomed new partner Diego Grisolle, formerly the head of mining at García Sayán Abogados, a substantial coup for the practice. An enviable client base includes Bear Creek Mining Company, Southern Peaks Mining, Minera Yanacocha and Nexa Resources.
Dentons Peru handles all aspects of mining work, with particular skill in corporate and financing matters within the sector. The modestly sized team, comprising experienced practice head Fernando Pickmann and three associates, clearly punches above its weight. During the past year the team advised new client Bear Creek Mining Corporation on its $286m share listing on the Lima Stock Exchange; and represented Inca One Gold Corporation (another client gain), on its $12m acquisition of Anthem United -which owns a 90% interest in the Koricancha ore processing facility- from Equinox Gold Corp. Non-transactional work includes advising state investment agency Proinversion on the preparation of the tender bid and legal structure to sell two mining projects located in Apurimac, southern Peru. In a notable post-publication development, the office has announced the opening of am infrastructure department co-led by recently incorporated senior associates Angie Umezawa Makikado and Max Carneiro.
A mixed year for García Sayán Abogados saw the departure of its head of practice, Diego Grisolle to rival firm Rubio Leguía Normand, and the recruitment of new partner Edgardo Portaro, the former general counsel at mining company Nyrstar. The firm also boosted its team at associate level with two lateral hires. A raft of significant mining companies instruct the firm on a full range of commercial, contractual and regulatory matters, including exploration and exploitation contracts and the management of issues with local rural communities. Recent mandates included advising for Pucará Resources on the negotiation and execution of an assignment agreement concerning the mining concessions of the SantoTomás Project. Other clients of the practice include Compañía de Minas Buenaventura, Southern Peaks Mining, Volcán Compañía Minera and recent gains Nueva Granada Gold Corp and Quantica Inversiones.
Payet, Rey, Cauvi, Pérez Abogados provides a 'very professional and personalized service' with capability throughout all stages of mining projects, from exploration and construction to operation and closure, including M&A and financing transactions. Efforts to grow the practice are paying dividends, with a number of high-profile client gains and instructions during the past year. Glencore, Las Bambas Compañía Minera and state agency Proinversión are all new clients, while notable work included acting for the substantive syndicate of domestic and international lenders in the $900m financing extended to Marcobre for its Mina Justa project. The team is also advising Proinversion on a private initiative process to develop the El Algarrobo mining project in northern Peru. Head of practice José Cúneo excels on the transactional side, with counsel Angel Chavez leading on regulatory and environmental issues.
The 'very good team' at Philippi Prietocarrizosa Ferrero DU & Uria advises on all the key needs of the mining industry under the direction of new practice head Rafael Lengua; recruited from Compañía Minera Miski Mayo (which is now a client of the firm), he was raised to the partnership in January 2020. Lengua brings additional mining, corporate and finance expertise to the practice (not to mention an in-house persepctive) and is an 'excellent professional' praised for his 'innovative solutions, negotiating skills and technical knowledge'. The team as a whole is highlighted for its commitment and response times and includes Ricardo Harten, who acts as client-partner to BHP Biliton; and Hernan Torres, a regulatory and environmental specialist. Other clients include Sumitomo Metal Mining Co, Inversiones Alxar, Nexa Resources Peru and Río Blanco Copper.
Recently made-up Daniel Palomino heads the practice at Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados, after returning to the firm in 2018 following a period abroadundertaking his LLM. He leads a modest-sized team of six lawyers who are 'always ready to attend to our issues, which they resolve promptly and with excellent results'; they also 'carry out their work with great passion and therefore always provide us with an excellent service'. The team acts for Mitsubishi Corporation on the mining regulatory matters related to its 40% stake in the Quellaveco mining project, while other clients include Southern Peaks Mining, state investment agency Proinversion and Canada's Dynacor Gold Mines.
One of the Estudio Olaechea's senior partners, José Antonio Honda is an experienced mining professional and heads the firm's energy and mining practice, with support from a small group of associates that includes senior associate Stephanie Límaco who arrived from Wilmer Cutler Pickering Hale and Dorr LLP in 2018. In addition to advising some well-known mining companies, the team typically acts for suppliers, such as Geochem International (a distributor of geochemical products used by the mining industry), which the firm recently advised on restructuring its operations in Peru. Other work includes advising Imerys Minerales Peru, which holds mining concessions in southern Peru, on negotiations with the rural community which owns the land in which the concessions are located.