Newcrest Mining to acquire a 70% joint venture interest in Red Chris copper and gold mine in British Columbia from Imperial Metals for US$806.5 million
806.50 Million USD
On March 11, 2019, Newcrest Mining announced its entry into North America through its agreement to acquire a 70% joint venture interest in, and operatorship of, Imperial Metal's Red Chris mine for US$806.5 million. Red Chris is a copper-gold porphyry mine, located in the prospective ‘Golden Triangle’ of British Columbia, with the potential to be a Tier 1 orebody through block caving applying Newcrest Mining’s industry leading technology.
McCarthy Tétrault LLP is advising Newcrest with a team led by Shea Small that includes Roger Taplin, Adam Wanke, Chanelle Bristol, Etienne Ravilet Guzman, Glynnis Morgan, Daniel Bornstein, Ian Mak and Brianne Paulin (Business), Jason Gudofsky and Kate McNeece (Competition), Paul Cassidy (Environment), Craig Shirreff and Jonathan Cheng (Real Property), Rob Nearing and Nicolas Desy (Tax), Sean Collins and Walker MacLeod (B&R), Matthew Demeo (Employment), Peter Brady (HSE), John Boscariol and Robert Glasgow (Anti-Corruption) and Shane D’Souza and Sabrina Bruno (Litigation).