Linklaters and Jones Day have been handed key roles on a proposed mega-deal that would see the creation of a £20bn mining giant in Kazakhstan. Eurasian Natural Resources Corporation (ENRC) has made an approach for copper producer Kazakhmys, with the former understood to have turned to Jones Day European head of capital markets Giles Elliott, who represented it during its £136bn London Stock Exchange IPO in December.
Kazakhmys has instructed Linklaters corporate partner Charlie Jacobs. Kazakhmys has been a Linklaters client since the firm advised on its 2005 float.
Any deal would need approval from the Kazakh government, which owns 20 per cent of ENRC.