Allens

Experience

Recent resources experience includes:

JX Australia
Advised JX Nippon Oil & Gas Exploration (Australia) Pty Ltd (JX Australia) on two farm in agreements entered into with Tap (Shelfal) Pty Ltd (Tap) in respect of petroleum exploration permits located offshore of Western Australia.

Rio Tinto
Advised Rio Tinto on:

  • its arrangement with Sinosteel Corporation to extend the historic Channar Joint Venture
  • the sale of its controlling interest in the Clermont Joint Venture to GS Coal Pty Ltd, which is jointly owned by Glencore Xstrata and Sumitomo Corporation.
  • its agreement to sell its interest in the Blair Athol mine, which is owned by the Blair Athol Coal Joint Venture (BACJV) and managed by Rio Tinto Coal Australia.

Western Desert Resources
Advised iron ore producer Western Desert Resources Limited on an equity raising of up to $45 million.

DUET Group
Advised long-standing client DUET Group, and its wholly-owned subsidiary DBP Development Group, on an agreement with Chevron Australia to build, own and operate the domestic gas pipeline for the Chevron-operated Wheatstone Project, and an associated $100 million capital raising.

Vietnam oil refinery project
Advised Nghi Son Refinery and Petrochemical Company Limited and sponsors on the signing of loan facilities and related documents for a US$5 billion financing of the US$9 billion Nghi Son oil refinery in northern Vietnam.

Leighton Holdings Limited
Advised Leighton Holdings Limited, and its wholly-owned subsidiary, Leighton Contractors (together, Leighton), on the sale of its HWE Iron Ore entities and assets, which provide iron ore contract mining services to BHP Billiton in Western Australia.

Rio Tinto's joint venture with China
Advised Rio Tinto on its non-binding Memorandum of Understanding with Aluminum Corporation of China (Chinalco) to establish a landmark exploration joint venture to explore for quality mineral deposits within mainland China. This included a binding agreement with Chalco, a subsidiary of the Chinalco, in relation to the US$1.35 billion Simandou iron ore project joint venture. Allens won the Energy & Resources Deal of the Year at the 2011 ALB China Law Awards for this deal.

Maules Creek Coal project
Advised Coal & Allied on the sale of its undeveloped Maules Creek Coal project in the Gunnedah Basin, New South Wales.

Rio Tinto's Oyu Tolgoi copper and gold project
Advised Rio Tinto in the negotiation of its investment agreement and associated shareholders agreement with the Mongolian Government, which means the Oyu Tolgoi copper and gold project can now proceed, with an approximate value of A$6.7 billion.

Rio Tinto takeover defence
Advised Rio Tinto on its successful defence of BHP Billiton's £107 billion takeover offer, which would have been the second biggest takeover in global corporate history. Allens advised Rio Tinto on a broad range of complex regulatory and strategic matters for the duration of the bid.

Monash Energy Project
Advising the Monash Energy Project participants (Shell and Anglo American) in relation to the establishment and development of the project, a proposed coal-to-gas-to-liquids project in the Latrobe Valley Region of Victoria. Our work includes advising on proposed regulatory arrangements for carbon capture and storage (geosequestration) in offshore geological structures.

Zinifex/Oxiana merger
Acting for Zinifex in its merger, by scheme of arrangement, with Oxiana, creating a new major diversified base and precious metals mining company, which will be the world's second-largest zinc producer.

Hunan nonferrous base metals joint venture
Advising Hunan on its joint venture with Compass Resources in the Northern Territory, including advising on a legal and regulatory jurisdictional matter that was new to the Chinese company and taking a lead role in the complex negotiations on structuring issues.

Hamersley iron ore joint venture
Acting for Hamersley in establishing a 20-year joint venture with China's largest steel producer, Shanghai Baosteel Group, involving the construction and operation of a new iron ore mine in the Pilbara, WA, and long-term sales arrangements worth over A$7.2 billion.

Nautilus subsea mining project
Advising Nautilus Minerals on its Solwara 1 subsea mining project in offshore PNG to mine large amounts of ore rich in gold, copper and silver from seafloor massive sulphide deposits. This includes advising on unique PNG and international law issues.

Wandoan coal mine project
Advising Xstrata Coal on all aspects of its planned development of a large open-cut thermal coal mine in the Surat Basin area of Queensland. If it proceeds, it will be the largest coal mine in Queensland.

Sepon project
Advising Rio Tinto on the sale of an 80 per cent interest in the Sepon high-grade copper and gold project in South Eastern Laos to Oxiana, which involved complex sale, joint venture and financing documentation, and has culminated in the first major minerals development in Laos.

Kainantu gold mine acquisition
Advising Barrick, the world's largest gold miner, on its US$141.5 million acquisition from Highlands Pacific of the Kainantu gold mine and of more than 2900 square kilometres of highly prospective exploration licences in PNG.

Mozambique coal project
Advising Riversdale Mining on this hard-coking and thermal coal project at two coal exploration tenements in Mozambique. This includes preparing the documentation for the special purpose joint venture vehicle with Tata Steel and for the advancement of the project.

Pilbara Rail Company
Advised Rio Tinto Iron Ore on the establishment of the Pilbara Rail Company, a 50:50 joint venture between Rio Tinto Iron Ore and Robe River Iron Associates for the operation and maintenance of the rail assets of Rio Tinto Iron Ore and Robe River Iron Associates in the Pilbara.

Rolleston coal mine
Advised Xstrata on the financing and development of a A$380 million greenfields coal project at Rolleston, the company's first greenfields coal project development in Queensland for 20 years. In addition to general resource issues, the project involved construction of almost 100 kilometres of rail infrastructure.