Clifford Chance and Linklaters have scooped roles to advise on a multi-million pound mining transaction.

London and Kazakhstan-listed copper mining company KAZ Minerals has agreed to be acquired by a consortium led by its chairman, Oleg Novachuk, in a deal that values the business at £3 billion.

The business is being acquired by Nova Resources, a consortium owned by Novachuk and KAZ Minerals non-executive director Vladimir Kim.

CC is acting as the legal adviser to Nova Holdings on the transaction, with a team headed up by London corporate partners Tim Lewis and James Bole. The team also includes finance partners Nick Kinnersley and Karen Hodson, antitrust partner Jennifer Storey, hedging partner led by William Winterton, and tax, pensions and employment partners Sonia Gilbert and Nick Mace.

Meanwhile Linklaters is fielding a team to advise KAZ Minerals. London corporate partner Ian Hunter is leading the team, with involvement from the firm's senior partner Charlie Jacobs.

The deal is the latest in a string of high-profile mining deals in recent months. Earlier in October, DLA Piper and Ashurst took roles on the $11.4 billion merger of two Australian miners to form a top 10 global gold producer, while in September BCLP won a mandate to advise a $23 billion gold and silver business on its plan to undertake a record-breaking listing in London.

Meanwhile mining behemoth Anglo American is being sued in what is said by one person familiar with the claim to be Africa's largest-ever class action lawsuits by claimants. The case is being prepared on behalf of 100,000 children and women allegedly poisoned by the company's toxic Kabwe lead mine in Zambia.

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