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.