Russian gold producer Peter Hambro Mining has turned to Norton Rose partner Simon Cox for advice on its proposed merger with iron ore company Aricom, from which it demerged in 2003. Cox also advised Peter Hambro on a share placing that raised $105m (£74.16m) for the company.
Historically Cox has been retained by both Peter Hambro and Aricom, having represented the former on the 2003 spin-off of the latter.
Since then Cox advised Aricom on its admittance to AIM in December 2003 and in June 2007 acted on a fundraising that saw the company raise £279.3m via a placing on AIM.
With ;Norton ;Rose advising Peter Hambro on the proposed merger with Aricom, the latter has turned to Linklaters, with partners Charlie Jacobs and Robert Cleaver leading.
Linklaters is well known for its work in the mining sector and Jacobs recently advised the banks on mining group Xstrata’s £4.1bn rights issue (TheLawyer.
com, 29 January). Freshfields Bruckhaus Deringer acted for the company.
Last year Linklaters and Freshfields advised on the £4bn listing of Mexican silver giant Fresnillo on the London Stock Exchange, with Jacobs advising the company and Freshfields acting for the sponsoring banks.
Under the terms of the merger, Peter Hambro will acquire all of Aricom’s issued share capital. The enlarged group is expected to have a market capitalisation in excess of $1bn (£704m).