About Richard Malcolmson
Richard is a mining specialist with over 25 years of experience in advising Australian and international companies on a range of transactions in the resources sector, including business acquisitions and divestments, joint ventures, takeovers, infrastructure access and usage agreements and product sales arrangements. Richard is ranked by Chambers Asia Pacific as a leading practitioner in energy & natural resources and by The Legal 500 as a leading individual in natural resources.
Richard's experience includes acting for:
- Whitehaven Coal – on its acquisition of the Daunia and Blackwater metallurgical coal mines from BHP Group and Mitsubishi Development.
- Rio Tinto – on its joint venture arrangements with First Quantum Minerals for the development of the La Granja copper project in Peru.
- Regal Resources Royalties Fund – on:
- its royalty-based funding package with EQ Resources for the Mt Carbine Tungsten mine; and
- as Australian counsel on its participation with Sandbox Royalties Corp. in a gold streaming agreement with Equinox Gold Corp., and its concurrent equity subscription in Sandbox.
- Rio Tinto – on more than US$9 billion of divestments in Australia, comprising the sale of its interests in the following via a combination of competitive and private sale processes:
- the Northparkes copper-gold mine, to China Molybdenum;
- the Clermont coal mine, to a consortium comprising Glencore and Sumitomo;
- the Bengalla coal mine, to New Hope Corporation;
- the Mount Pleasant thermal coal assets, to MACH Energy;
- Coal & Allied Industries, to Yancoal Australia;
- the Hail Creek coal mine and Valeria coal development project, to Glencore;
- the Winchester South coal development project, to Whitehaven Coal; and
- the Kestrel underground coal mine, to a consortium comprising EMR Capital and PT Adaro Energy.
- Sibelco – on the Australian aspects of the sale of its global lime and limestone activities to Graymont and Grupo Calidra.
- Aurelia Metals – on the acquisition of Peak Mines from New Gold Inc. and its acquisition of the Dargues Gold Mine from Diversified Minerals.
- Genesee & Wyoming – on its acquisition of Glencore Rail and the concurrent issue of an equity stake in Genesee & Wyoming Australia to funds managed by Macquarie Asset Management.
- Macquarie Asset Management – on the divestment of One Rail Australia to Aurizon.
- Liontown Resources – on certain of the foundation offtake agreements relating to the development of its Kathleen Valley Lithium and Tantalum Project.
- New Century Resources – on its acquisition of the Mount Lyell Copper Mine from Vedanta, including associated royalty and offtake arrangements.
- Chugoku Electric – on its acquisition of an interest in the Boggabri coal mine from Idemitsu and the establishment of joint venture arrangements between the parties.
- BlueScope Steel – on its coal supply arrangements for the Port Kembla Steelworks.
- General Atomics – on the acquisition by its subsidiary, Quasar Resources, of the remaining interest in the Four Mile uranium project from its joint venturer, Alliance Resources.
- Pembroke Resources on the long-term rail haulage agreement with Aurizon for its Olive Downs Coking Coal Project.
- Coal & Allied Industries – on a number of coal transactions, including the acquisition of the Peabody Group's Australian coal operations and the sale of the Ravensworth and Moura operations to, respectively, Glencore and Anglo Coal.
- Rio Tinto – on the attempted takeover by BHP Billiton.
- Hunan Nonferrous Metals Corporation – on its joint venture arrangements with Compass Resources to develop the latter's base metal interests in the Northern Territory.
- MB Holdings – on its two-stage acquisition of Downer EDI's 'Century Resources' oil, gas and geothermal drilling division.
- The administrators of the Henry Walker Eltin Group – on the sale of its contract mining and mining services business to Leighton Contractors, and on other divestments as part of the administration.
- Rio Tinto Coal and Coal & Allied Industries – on various long-term port, rail, rail haulage and mine-related infrastructure arrangements in New South Wales and Queensland, and on the applicable regulated access regimes and related access issues.
- Schneider Electric – on its acquisition of the 'Clipsal' electrical wiring devices business.