Mongolia Mining Corporation’s and Energy Resources LLC’s $440 Million New Notes Offering and $50 Million Concurrent Tender Offer and Consent Solicitation


Shearman & Sterling advised J.P. Morgan Securities PLC and Morgan Stanley & Co. International PLC as the initial purchasers and dealer managers in connection with Mongolia Mining Corporation’s and Energy Resources LLC’s new notes offering of $440 million 9.25% guaranteed senior notes due 2024 and concurrent tender offer for up to $50 million of Mongolia Mining Corporation’s outstanding perpetual securities, and concurrent tender offer and consent solicitation for any and all of Energy Resources LLC’s outstanding senior notes due 2022.

Mongolian Mining Corporation (MMC) is a high-quality coking coal producer and exporter in Mongolia. The company owns and operates two open-pit coking coal mines – Ukhaa Khudag and Baruun Naran – located in Umnugobi aimag of Mongolia. Energy Resources LLC is an indirect wholly owned subsidiary of MMC.

Shearman & Sterling advised J.P. Morgan Securities PLC and Morgan Stanley & Co. International PLC with a team including Alan Yeung (Picture), Hae-Ran Song and David Wallace.

Involved fees earner: Hae-Ran Song – Shearman & Sterling; David Wallace – Shearman & Sterling; Alan Yeung – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: JP Morgan Securities; Morgan Stanley;