King & Wood Mallesons advises banks on Dugald River project financing

King & Wood Mallesons has acted as Australian counsel for China Development Bank (CDB) and Bank of China’s (BOC’s) Sydney branch on the $1bn (£670m) financing of the development and construction of the Dugald River lead, zinc and silver project in north-west Queensland, Australia.

Under the finance arrangements, CDBand BOC Sydney will provide a debt facility of up to $1bn for a term of 13 years to MMG Dugald River.

The King & Wood Mallesons team was led by partners Martin James and Nicholas Creed and senior associate Tracey Dembo, with support from a number of lawyers across the firm including partner Scott Singleton, special counsel Malcolm Brennan and Stuart Courtney, senior associate Yinghao Lu and solicitors Hoani Ashby, Liam Dunstan and Marcus Wettenhall.