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Fieldfisher advises on more than US$1.1 billion-worth of mining and metals deals in 2019

Published by , Editorial Assistant
Global Mining Review,

European law firm Fieldfisher advised clients on mining and metals deals worth in excess of US$1.1 billion in 2019, as investor restraint in the capital markets spawned an assortment of transactions designed to keep projects moving.

The firm's mining team, led by Head of Mining and Metals Jonathan Brooks, assisted mining companies, traders, investors and their advisers on a series of pre-payment and royalty deals, disputes and various smaller financings for exploration projects in the last 12 months.

Highlights included an £11.5 million fundraising for Bluejay Mining plc for the Dundas Ilmenite project in Greenland; a US$250 million funding package for Mantos Copper's Mantos Blancos mine in Chile; a US$76 million dispute on behalf of Atalaya Mining plc concerning the Rio Tinto copper mine in Spain; and a £1.1 million investment agreement for Kalahari Metals Limited with Metal Tiger plc relating to copper operations in Botswana.

In addition to its presence in Europe, Africa and the CIS region, the company's mining team has been engaged on an increasing number of projects in South America in the past year, as small-to-mid-cap international mining companies turn their attention to a region previously dominated by the mining majors.

In the UK, the firm continues to act for the developers of two large active mining projects, namely Dalradian Resources and Strongbow Exploration. Dalradian is developing the Curraghinalt gold project in County Tyrone in Northern Ireland, which the company believes to contain the seventh richest undeveloped gold seam in the world. Strongbow is looking to reopen the historic South Crofty tin mine in Cornwall.

Clients also sought formal legal advice on environmental and social governance (ESG) issues, as a consequence of new laws and significant ESG-related litigation in some jurisdictions – a trend which is expected to gather pace in 2020 and beyond.

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