Two top Am Law 100 firms are advising on two separate deals worth a combined total of nearly $2.5 billion involving coal mining and water utility operations in South America.

Simpson Thacher & Bartlett is advising the Drummond Company on the $1.5 billion sale of a 20 percent stake in a Colombian coal project to Japanese conglomerate Itochu. Reuters reports that the deal, announced on Thursday, will give Itochu the exclusive right to export Colombian coal that will be burned to generate electricity in Japan, which needs new sources of power in the wake of the nuclear disaster caused by an earthquake in March.

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