Africa is well endowed with huge mineral resources. It has the world’s largest mineral reserves including of platinum, gold, diamonds, chrome, manganese, and vanadium. Much remains unexploited.
Mining is an integral and important part of the continent’s economy. However many mining projects face serious risks and require large long term capital investments. Difficult decisions are often required and sound reputable mining law advice is integral for an investment decision. The basic essence of mining law regulation is the same in most African countries, namely a state licencing system, but each country has its own local laws, customs, practices and guidelines with increasingly complex compliance requirements including increasingly stringent environmental regulation (especially around waste management and rehabilitation of land).
Our specialist lawyers have extensive experience and expertise in structuring mining transactions which meet legislative and regulatory requirements including:
Angola: General advice to foreign companies willing to invest in oil & gas, mining and energy sectors, in particular in connection with a transaction of USD 120M for the sell of a diamonds asset; and a transaction worthing USD 150M for the acquisition of participation in an oil asset.
Botswana: Regulatory advice to Morupule Coal Mine on Botswana Energy Regulatory Authority Act.
DRC: Advised and assisted a Canadian company in the conversion of its Exploration Permit into an Exploitation Permit for the Kamoa project representing an investment of USD 930 million.
Ghana: Advised Kropz International SARL and its Ghana subsidiary on its admission to the AIM of the London Stock Exchange and a fundraising.
Guinea: Counsel to Chalco and Cosco in regard to their USD 700 million investment in a bauxite mining project in Boffa.
Kenya: Acted for Titanium project in the acquisition of titanium mining licences and associated assets.
Mozambique: Legal assistance on transfer of mining company and regulations matters.
South Africa: Acting for Cronimet to disposal of their chrome business in South Africa
Tanzania: Acquisition of a mining company with one of its main assets in Tanzania by way of a scheme through change in shareholding at holding company level, value worth over USD 1B.
Uganda: Advised a Chinese bank on a credit facility to finance a mining project in Uganda.
Zambia: Advisor to Johannesburg-listed African Rainbow Minerals Limited and Vale International S.A., a wholly owned subsidiary of Vale International Holdings GmbH, in relation to disposal of their 80 percent indirect joint venture stake in Zambia’s Lubambe Copper Mine to EMR Capital Bidco Limited, a specialist resources private equity management firm.
Zimbabwe: Advising on structuring a diamond mining joint venture in Zimbabwe between a Government entity, a local community and a foreign investor.
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