Linklaters has continued its dominance of the mining sector, with the firm understood to be advising Peruvian silver miner Hochschild Mining on its proposed IPO and listing on the London Stock Exchange (LSE).
Linklaters corporate partners Charlie Jacobs and Stuart Bedford were in Peru last week at the same time as Hochschild announced it was planning to float on the LSE in November.
Jacobs had just completed the advice to Russian aluminium mining giant Sual on its $30bn (£16.05bn) three-way tie-up with Rusal and Glencore to create the world’s largest aluminium miner. Linklaters is expected to battle with Ashurst, which advised Rusal, for the planned IPO and LSE listing for the merged company.
Freshfields Bruckhaus Deringer is understood to be acting for JPMorgan Cazenove and Goldman Sachs as joint sponsors, coordinators and bookrunners on the proposed Hochschild flotation.
Hochschild, the world’s fourth-largest silver producer with 10.5 million ounces produced in 2005, marks the continuation of a trend of the world’s leading mining companies preferring to list on the LSE over other exchanges.
Hochschild’s proposed IPO follows similar moves by FTSE100 mining giants BHP Billiton, Anglo American, Xstrata, Vedanta and Kazakhmys. Linklaters had a role advising either the issuers or underwriters on all the listings.
Linklaters and Freshfields declined to comment.