King & Wood Mallesons advises Molybdenum Co on acquisition of interest in mine
King & Wood Mallesons has advised Molybdenum Co Ltd (CMOC) on its acquisition of Rio Tinto’s 80 per cent interest in the Northparkes underground copper mine in New South Wales, Australia for a purchase price of $820m (£541m).
It was a cross-border deal with various legal, commercial and regulatory issues.
The team was led by partner Paul Schroder, who was supported by a cross-practice team of lawyers providing M&A, banking and finance, anti-trust, environment, employment, tax and Australian, Chinese and Hong Kong regulatory advice.
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Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
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