Lundin Mining’s $1.136 Billion Sale of Interest in Tenke Copper Project

Paul, Weiss represented Lundin Mining Corporation in the sale of its indirect interest in the Tenke copper project in the Democratic Republic of Congo to an affiliate of Chinese private equity firm BHR Partners for $1.136 billion in cash and contingent consideration of up to $51.4 million.

Concurrently with the completion of the sale, Lundin Mining paid approximately $14.2 million in connection with a settlement agreement to resolve all claims brought by La Générale des Carrières et des Mines, the state mining company, related to the sale of the Tenke copper project.

The Paul, Weiss team included corporate partner Adam Givertz (Picture); litigation partners Charles Davidow and Andrew Gordon; and tax partner David Sicular.

 

Involved fees earner: Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Charles Davidow – Paul Weiss Rifkind Wharton & Garrison; Andrew Gordon – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Lundin Mining Corporation;

 

Avatar

Author: Ambrogio Visconti