White & Case LLP has advised mining private equity firm Arete Capital Partners (Arete) on its acquisition of the Stawell gold mine from Canadian miner Kirkland Lake Gold.
The Stawell region has historically been one of Victoria’s most successful gold mining areas, with gold being produced in the province since Victoria’s gold rush era in the mid-1800s. Arete plans to return the mine to production by implementing a targeted exploration strategy focusing on various relatively unexplored underground mineralisations.
The Stawell gold mine is familiar territory for Arete’s management team, with Arete’s chair Hugh Morgan previously holding the position of chief executive of Western Mining, which part-owned the mine between 1981 and 1992.
Arete Capital Partners is a private equity firm specializing in investments in natural resources and mid-tier mining assets. The firm, led by Campbell Peter Olsen, Hugh M. Morgan, Peter Stein, Shaun Treacy and Graham Brown, is based in Melbourne.
The White & Case team which advised on the transaction was led by partners Tim Power (Picture) and John Tivey (Hong Kong), and included Melbourne associates Joshua Dellios and Laura Baykara.
Law Firms: White & Case;
Clients: Arete Capital Partners;