MINING
Mining is Peru’s flagship industry. Our Firm enjoys a preeminent and renowned transactional and regulatory mining practice. Our team includes qualified lawyers specialized in mining regulation, natural resources, environmental, social and indigenous community matters, as well as complex transactional matters in this industry, such as streaming and royalty transactions. We advise a diverse roster of clients, including top tier international commodity traders, major, mid- and junior miners, royalty and streaming companies, offtakers, smelting and refining companies, local and international financial entities and other key mining suppliers.
Our team has extensive experience in the full lifecycle of mining projects and their challenges. We regularly provide advice on the acquisition, development, permitting, financing, construction, operation, expansion, and closure of mining assets.
Partner: Luis Miguel Elias
RELEVANT EXPERIENCE
Arias Resource Capital and Grupo Raffo, on the sale of Compañía Minera Kolpa to Endeavour Silver Corp.
Triple Flag Mining, on the acquisition of silver and gold streams on the Arcata and Azuca mines operated by Sierra Sun.
Glencore, on the sale of a controlling stake in Peruvian zinc mining company, Volcan Compañía Minera.
Hudbay Minerals, on the precious metals stream with Wheaton Precious Metals calculated by reference to the production at the Constancia mine.
Nexa Resources, on the sale of the Pukaqaqa project to Olympic Precious Metals Ltd.
Alpayana, on the acquisition of a controlling stake in Sierra Metals Inc. and its subsidiary Sociedad Minera Corona.
Glencore, on the US$900 million silver stream with Wheaton Precious Metals calculated by reference to silver produced at the Antamina mine.
Operadores Concentrados Peruanos (OCP), on the acquisition of assets and rights that comprise the Cobriza copper mine.
Hudbay Minerals, on the refinancing of its credit facilities and cross-collateralization of security interests in the Rosemont and Constancia mines.
Milpo (now Nexa Resources), on the US$250 silver stream with Triple Flag calculated by reference to silver produced at the Cerro Lindo mine.
Empresa Minera Los Quenuales, on the acquisition of the Contonga mine, formerly owned by Nyrstar.
Cerro de Pasco Resources, on the evaluation and permitting plan for the expansion of its tailings and resource management facilities.
Scotiabank, in the US$200 million secured facility granted to Goldfields La Cima for the development of the Cerro Corona mine
Chinalco, in its US$397 million initial public offering on the Hong Kong Stock Exchange
Nexa Resources, on its US$100 million export facility agreement granted by ABN AMRO Bank N.V. to finance the export of zinc by its local mining companies in Peru and Brazil.
BNP Paribas, in connection with the US$50 million master trade facility granted to the Moly-Cop group to finance the worldwide acquisition of mining equipment and machinery.
Pandion Mine Finance, in connection with the secured pre-paid forward purchase agreement with Lupaka Gold Corp to finance the development of the Invicta Gold project.
PUBLICATIONS
2019 International Comparative Legal Guide to Mining – Peru Chapter.“Metal Streaming: Conceptos, auge y actualidad” por Luis Miguel Elías.
Revista Advocatus: Derecho Minero, Ambiental y de los Recursos Energéticos. 2018. Socios: Alberto Rebaza, Luis Miguel Elias.
Related Practices
Mergers & Acquisitions
Project Finance and Infrastructure