McCarthy Tétrault has been recognized by China Business Law Journal’s inaugural China Outbound Deals Award (Latin America) for its work advising China’s Zijin Mining Group Co. (Zijin Mining), in its US$400 million acquisition of the Rosebel Gold Mine in Suriname and the firm’s role as Canadian counsel to JCHX Mining Management Co. (JCHX Mining) in its US$100 million acquisition of a 50% ownership interest in CMH Colombia S.A.S. (CMH).

As the global demand for precious metals continues to grow, our Global Metals & Mining Group is routinely at the forefront of complex multi-jurisdictional M&A, drawing on the deep sector and regional expertise of our China and Latin America practices.

This recognition highlights McCarthy Tétrault’s significant industry expertise and global coverage that clients rely on for successful outcomes. Congratulations to our clients and everyone involved.

The Zijin Deal

On January 31, 2023, Zijin Mining completed its acquisition from the Canadian company, IAMGOLD Corporation, of a 95% interest in Rosebel Gold Mines N.V., together with certain other interests in and to the Rosebel Gold Mine and the Saramacca Mine, each located in Suriname. Zijin Mining acquired the mines for a cash consideration of approximately US$360 million and release of IAMGOLD's equipment lease liabilities amounting to approximately US$41 million. The remaining 5% interest in Rosebel will continue to be held by the Government of Suriname.

McCarthy Tétrault advised Zijin Mining with a team led by Joyce Lee that included Shea Small, Patrick Deutscher, Haiya Peng, Kyle Riddell, Jordan Chu and Josh Friedman (Business), Christopher Langdon (Financial Services), Kate McNeece and Jason Gudofsky (Competition/Antitrust & Foreign Investment), Jasmin Ethier and Ben Aberant (Employment), and Bonnie Campbell, Michele Ma and Isabel Gonzales (Corporate), and Shawn Doyle (Latin America).

Read more about the Zijin deal.

The JCHX Mining Deal

On December 7, 2022, JCHX Mining announced that it will acquire a 50% ownership interest in CMH, a subsidiary of the Canadian company Cordoba Minerals Corp. (Cordoba), for an aggregate consideration of US$100 million. The arrangement converts CMH into a 50:50 joint-venture between JCHX Mining and Cordoba which owns 100% of the Alacrán Project in Colombia, the country’s largest copper mine.

The McCarthy Tétrault team acting as Canadian counsel was led by Joyce Lee and included Gerald Gaunt (Business), Jason Gudofsky, Erin Keogh (Competition/Antitrust & Foreign Investment), and Shawn Doyle (Latin America).

Read more about the JCHX Mining deal. 

About Our Global Metals & Mining Group

Our Global Metals & Mining Group has been at the forefront of complex multi-jurisdictional M&A and joint ventures, streaming and alternative financing structures, major project developments and high stakes-litigation. Acting for the full spectrum of market participants from global majors to juniors, royalty and streaming companies, traders, private equity, financial institutions and OEMs, our team of top-tier results-driven lawyers have significant industry expertise with a deep understanding of the commercial, regulatory and social drivers of the sector. With a relentless focus on managing risk and delivering value, our cross-disciplinary team is sought out for their market-leading insightful advice and experience in Canada and on cross-border and global mandates, including on evolving ESG, energy transition, critical mineral, trade and regulatory issues.

About Our International Markets Groups

Our U.S. and International Markets teams support our clients’ success globally through hands-on experience and practical business advice. Our China Group has extensive experience in China, Hong Kong and other parts of South East Asia, providing seamless service for investment into and out of the region, including with team members fluent in Mandarin and Cantonese. With on-the-ground presence, our Latin America Group offers clients a deep understanding of the region’s business and cultural practices, helping navigate complex legal terrains across a wide array of specialities.

About McCarthy Tétrault

McCarthy Tétrault LLP provides a broad range of legal services, providing strategic and industry-focused advice and solutions for Canadian and international interests. The firm has substantial presence in Canada’s major commercial centres as well as in New York City and London.

Built on an integrated approach to the practice of law and delivery of innovative client services, the firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.

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For further information on McCarthy Tétrault or any of the above, please contact [email protected].