LAWFUEL – Law News, Law Jobs Network – Linklaters has strengthened its market leadership in the mining sector by acting on three major mining deals over recent weeks.
The firm advised Hochschild Mining, a Peruvian silver mining company, on its IPO and listing on the London Stock Exchange. The IPO, which raised £270m and valued the company at £1.08bn, is believed to be the biggest Latin American company listing in London for over 100 years. Shares began trading on London’s main market on 8 November 2006. Linklaters’ team was led by Charlie Jacobs, corporate partner and head of Linklaters’ mining sector group, and corporate partner Stuart Bedford.
Linklaters also advised Gold Fields on the secondary listing of American Depositary Shares (‘ADSs’) on the Dubai International Financial Exchange (‘DIFX’). The listing, which took place on 30 October 2006, is the first pure secondary listing of ADSs on the DIFX. Linklaters’ team was led by partners Ewan Cameron in Dubai and Jennifer Schneck in London.
Finally, Linklaters acted on the proposed merger between Russia’s Sual Group and Rusal Ltd, and the aluminium assets of Swiss commodities trader, Glencore International AG, which will create the world’s largest aluminium producer. A Linklaters team led by Charlie Jacobs acted for Sual, a long-standing client of the firm. A separate Linklaters team, headed by corporate partner Owen Clay, advised Glencore.
Charlie Jacobs commented:
“We are pleased to have played a leading role on these three significant global mining deals, which highlight the strength of our mining credentials across the firm.”