Allen & Overy is advising HC Starck, one of the largest companies in the global tungsten industry, on its joint venture (JV) with Nui Phao Mining Company, a subsidiary of Masan Group Corporation.
Subject to regulatory approval, Nui Phao and HC Starck will own 51 per cent and 49 per cent respectively of the JV, which will, through a newly constructed chemical plant in Thai Nguyen Province, Vietnam, process all of Nui Phao’s tungsten concentrate into higher value-added tungsten chemical products.
The tungsten chemicals are used in a variety of applications requiring high strength, including high-speed cutting and drilling tools used in mining and mechanical engineering.
The chemical plant will have an installed capacity of around 6,500 tons of tungsten trioxide per annum.
The Allen & Overy team comprised partners Dao Nguyen (Ho Chi Minh City), Barry Irwin (Singapore) and Dr Helge Schäfer (Hamburg). They were supported by senior associates Nick Marchica (Sydney), Matthew Williams and Hong Bui (Ho Chi Minh City), Daniel Martin Schulz (Hamburg) and other lawyers in Singapore, Perth, Hamburg (anti-trust partner Dr Ellen Braun and associate Dr Evelyn Grass) and London.