mining - bowmans la€¢ barrick gold corporation (canada) ... affecting their two mining companies...
TRANSCRIPT
MINING
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BOWMANS
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Mining
Contents
04 OurFirm
05 OurFootprintinAfrica
06 OurMiningSector
07 OurSpecialistServices
08 OurSignatureMatters
10 Accolades
12 KeyContacts
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BOWMANS
CONTENTS PAGE
Our Firm
Bowmans is a leading Pan-African law firm. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.
WithsevenofficesinfiveAfricancountriesandover400specialisedlawyers,we
aredifferentiatedbyourgeographicalreach,independenceandthequalityoflegalservicesweprovide.
WedrawonouruniqueknowledgeoftheAfricanbusinessenvironmentandin-depthunderstandingofthesocio-politicalclimatetoadviseclientsonawiderangeoflegalissues.Ouraimistoassistourclientsinachievingtheirobjectivesassmoothlyandefficientlyaspossiblewhileminimisingthelegalandregulatoryrisks.
Ourclientsincludecorporates,multinationalsandstate-ownedenterprisesacrossarangeofindustrysectorsaswellasfinancialinstitutionsandgovernments.
Ourexpertiseisfrequentlyrecognisedbyindependentresearchorganisations.WehavebeennamedAfricaLegalAdviserbyDealMakersforthelasttwoconsecutiveyears(2014and2015)andSouthAfricanLawFirmoftheYearfor2016bytheWho’s Who Legal.MostrecentlywewontheBanking,FinanceandRestructuringTeamoftheYear,theEmploymentTeamoftheYear,andthePropertyTeamoftheYearAwardsattheprestigiousAfricanLegalAwardshostedby Legal WeekandtheCorporateCounselAssociationofSouthAfricain2016.
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WeprovideintegratedlegalservicesthroughoutAfricafromsevenoffices
(Antananarivo,CapeTown,DaresSalaam,Durban,Johannesburg,KampalaandNairobi)infivecountries(Kenya,Madagascar,SouthAfrica,TanzaniaandUganda).
WeworkcloselywithleadingNigerianfirm,UdoUdoma&Belo-Osagie,whichhasofficesinAbuja,LagosandPortHarcourt,andhavestrongrelationshipswithotherleadinglawfirmsacrosstherestofAfrica.
WeprovidecoverageoffrancophoneOHADAjurisdictionsacrossthecontinent(includingBenin,BurkinaFaso,Burundi,Cameroon,CentralAfricanRepublic,Chad,CongoRepublic,DemocraticRepublicofCongo,Gabon,Guinea,IvoryCoast,Mali,Mauritania,Niger,Rwanda,SenegalandTogo)fromourofficeinMadagascar.
WearerepresentativesofLexMundi,aglobalassociation,withmorethan160independentlawfirmsinallthemajorcentresacrosstheglobe.Thisassociationgivesusaccesstothebestfirmsineachjurisdictionrepresented.
Our Footprint in Africa
Bowmans offices
Relationship firm
Francophone Africa coverage
Significant transaction
or advisory experience
Bowmans offices
Relationship firm
Francophone Africa coverage
Significant transaction or advisory experience
SOUTH AFRICA
MADAGASCAR
NIGERIA
KENYA
TANZANIA
UGANDA
Bowmans offices
Relationship firm
Francophone Africa coverage
Significant transaction or advisory experience
SOUTH AFRICA
MADAGASCAR
NIGERIA
KENYA
TANZANIA
UGANDA
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BOWMANS
Our Mining Sector
Asthelong-termdemandforAfrica’sresourcesgrows,weanticipateagrowingdemandforrelatedlegalservices.
Wehaveastrongrecordofactingonthemostsignificantmining-relatedmergersandacquisitionsacrosstheAfricancontinent.Wesupportourclientsthrougheveryaspectofminingandresourcerelatedtransactionsfromtheinitialduediligencethroughregulatorycompliancetonegotiatingandclosingthedeals.Wehavealsoadvisedonsomeofthelargestandmostinnovativedebtandequitycapitalmarkettransactionsonthecontinent.
Weareabletoco-ordinateourservicethroughasinglepointofcontactofferingaseamlessserviceandmakingtheexecutionofcross-bordertransactionslesscumbersome,time-consumingandcostly.
Whetherclientsarenegotiatingofftakes,supplysidecontractsorrequireday-to-daycommercialagreementsupport,wehavethenecessarydepthofexpertiseandskillstoassist.
Weregularlyadviseclientsonallmattersrelatingtolocalmininglegislation,includingbutnotlimitedtocompliance,miningtitleandotherlegalopinions,applicationsandacquisitionsofrights,reviewapplications,appealsandduediligences.
Wehaveassistednumerousclientsontheinteractionofenvironmentalandmininglegislation,includinglicensing,appealsandcourtreviewsoflicensingdecisions.
Wehaveexperienceinsuccessfullyobjectingtothegrantofprospectingorminingrightapplicationsandpursuingappealsagainstdecisionsregardingthegrantorrefusalofminingandprospectingapplications.
Ourexperienceextendstomineincidentandaccidentenquiries,dealingwithnotificationsandassistingwithlegalcomplianceassociatedwithhealthandsafety.
Ourclientsincludeglobalminingandresourcescompanies,investors,banksandfinancialinstitutions,state-ownedenterprisesandvariousgovernmentdepartmentswithintheminingandresourcessector.
We have established
ourselves as a leading
legal adviser within
the mining industry in
Africa and offer a full
complement of legal
services in this sector.
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Mining
Our Specialist Services
WeregularlyadviseclientsonallmattersrelatingtolocalminingandresourcesandrelatedlegislationacrosstheAfricancontinent,includingbutnotlimitedto:
• seniorandstrategiclocalgovernmentandlocalregulatorengagementsinAfrica;
• mergersandacquisitions,jointventuresandjointoperatingagreements;
• capitalmarketstransactions;• advisingborrowersintheminingand
resourcesindustryandfinanciersonminingfinancetransactions;
• draftingofcommercialminingandresourcescontracts,suchascontractmining,offtakeandsupplyagreements;
• environmental,occupationalhealth-and-safetyandminingregulationissuesinAfrica;
• indiginisationandblackeconomicempowermentintheminingandresourcesindustryinAfrica;
• variousregulatoryapplicationsinAfrica,includingapplicationsforthegrantofmineralrights,applicationsfortheMinister’sconsenttotransfermineralrightsandapplicationstoamendmineralrights;
• appealorreviewproceedings;• collectivebargainingandunion
reorganisationandretrenchmentandgenerallabourlawprocedures,processesandappearances;and
• draftingofminingtitleandtransferabilityopinionsandconductingduediligenceinvestigationsonminingtitles.
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BOWMANS
Someofournotableexperienceintheminingandresourcessectorincludesadvising:
• AfricaBarrickGold(nowAcaciaplc)withrespecttonumerousregulatory,compliance,environmentalandemploymentlawmattersaffectingAcacia'sgroupofminesinTanzania(includingBulyankuluMine,BuzwagiMineandNorthMaraGoldMiningLtd);
• AfricanRainbowMineralsLtd(ARM)ontheproposedrestructuringoftheARMBroad-BasedEconomicEmpowermentTrust.ThisinvolvedaspecificrepurchasebyawhollyownedsubsidiaryofARMof12717328millionsharesinARMfromtheARMBroad-BasedEconomicEmpowermentTrustandtherefinancingoftheARMBroad-BasedEconomicEmpowermentTrust.ThistransactionwasvaluedatZAR1.9billion;
• AfricanRainbowMineralsonitsjointventurewithValeforminingassetsinDemocraticRepublicoftheCongo,Mozambique,NamibiaandZambia;
• AngloGoldAshantiLtdinrespectofitsproposedrestructuring(demerger)ofthecurrentportfolioofAngloGoldAshantiintoseparatelistedvehiclesforeachofitsSouthAfricanandinternationalminingoperations.Theproposeddemergerwascoupledwithaproposedrightsoffer,bothofwhichwerewithdrawnfollowinglackofshareholderappetite(totaldealvalueofUSD7.1billion);
• AssmangLtd,SumitomoCorporationandChinaSteelCorporationinajointventure,inrespectoftheconstruction,commissioningandoperationofhighcarbonferromanganeseand/orsilico-manganesesmeltingplantinSarawak,MalaysiawithavalueofZAR3.3billion;
• BankofChinaLtd,FirstRandBankLtd,NedbankLtd,ABSABankLtd,InvestecBankLtd,JPMorganChaseBankandStandardBankofSouthAfricainthenegotiationandconclusionofaZAR4.5billionsecuredtermandrevolvingfacilitycomprisingaZAR2.5billionrevolvingcreditfacilityandaZAR2billiontermloanfacilityprovidedtoSibanyeGoldLtd,acompanylistedontheJSELtd;
• BarrickGoldCorporation(Canada)inthedisposalofthreeofitsminesinWesternAustraliatoGoldFieldsLtd,wheretheconsiderationreceivedwaspartcashandpartsharesinGoldFieldsLtd;
• BMONesbittBurnsInc,CIBCWorldMarketsInc,MacquarieCapitalMarketsCanadaLtd,RBCDominionSecuritiesInc,MerrillLynchCanadaInc,GMPSecuritiesLP,RaymondJamesLtdinrespectofapublicofferingof95834100unitsforanaggregateamountCAD143751150byCanadianminingcompany,IvanhoeMinesLtd;
• AmajorCanadianfundonitsinvestmentintominingassetsinBurkinaFasoandMali.WeconductedafullduediligenceonboththeBurkinabéandMalianassetsandprovideddetailedopinions;
• CreditSuisseAGandStandardCharteredBank(jointly),asSouthAfricanandEnglishleadcounsel,inthedebtandequityrestructureofaSouthAfricanminingcompany,Southgold,anditsCanadianparentcompany;
• DodsalResourcesFZCOwithrespecttonumerousregulatory,compliance,environmentalandemploymentlawmattersaffectingtheirtwominingcompaniesinTanzania–DodsalResourcesMiningItilimaandDodsalResourcesMiningItingi;
Our Signature Matters
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Mining
• ENRCNVinthesaleof51732782ordinarysharesheldinNorthamPlatinumLtd(constitutingapproximately13.01%ofNortham’sissuedsharecapital),followedbyabookbuildinrespectofsuchshareswhichresultedintheplacementofallofthesharesheldbyENRCNV(dealvalueapproximatelyZAR2.5billion);
• SouthAfricancounseltothejointbookrunnersinrelationtoGoldFieldsLtd’srecentacceleratedbookbuildshareplacementvaluedatZAR2.3billion;
• TheGovernmentofGuinea(togetherwithinternationalcounsel)ontheUSD18billionSimandouIronOreProject.Wereviewedallaspectsoftheproject,fromcorporatetoenvironmentaltoemploymentlaw;
• Hulamininrespectoftheestablishmentoftheblackeconomicempowermententity,IsizindaAluminium(Pty)Ltd,andthesubsequentacquisitionofBHPBilliton'sBaysidecasthouseintheRichard'sBayindustrialdevelopmentzone;
• CompetitioncounseltoKomatsuLtdinitsacquisitionofindirectsolecontrolofJoyGlobal,Inc.Weattendedtothemergerfilinginrelationtothistransaction.ThedealisKomatsu'slargestdealeverandonceitiscompleted,Komatsuanditsclosestcompetitorwillaccountforatleastaquarteroftheworld’ssalesofminingequipment.TheglobaltransactionisvaluedatUSD2.9billion;
• MinmetalsontheZambianandSouthAfricanaspectsofitsapproximatelyUSD1.3billionofferforAnvilMining;
• NorthamPlatinuminrelationtotheestablishmentofabroadbasedconsortiumofHistoricallyDisadvantagedSouthAfricans(HDSA),whichwillhold31.4%ofNortham’sissuedshares,bringingNortham’stotaleffectiveHDSAownershipleveltoapproximately35.4%(dealvalueZAR6.6billion);
• RioTintoontheSouthAfricanaspectsofitsacquisitionofAfricafocusedRiversdaleMining,listedontheAustralianStockExchange,and(i)thesubsequentsaleofitscoalassetsinMozambiquetoInternationalCoalVenturesPvtLtdand(ii)thedisposalof100%ofitssharesinRiversdaleHoldings(Pty)LtdtoGalaxyBV(asubsidiaryofMenarHolding.);
• RoyalBafokengPlatinumLtdinrelationtoacombinedofferingofitsshares(involvingaprimaryissuebythecompany,andasecondaryissuebyitsshareholders);
• ShandukaGroup(Pty)LtdandthemajorityshareholdersinrelationtotherestructuringofShandukaGroup(Pty)LtdandmergerwithPembaniGroup(Pty)Ltd,tocreateanewZAR13.5billionblack-controllednaturalresourcesandindustrialholdinggroup;
• TheStandardBankofSouthAfricaLtdinthedisposalofitsentirestakeinShandukaGold(Pty)LtdtoPanAfricanResourcesLtdinatransactionvaluedatZAR176million;
• TransHexGroupLtd,JohannesburgStockExchangelisteddiamondminingcompany,inrelationtoamandatoryofferbyCreamMagenta140(Pty)Ltd,Metcap14(Pty)Ltd,andRACInvestmentHoldings(Pty)Ltd;
• TheTanzanianNationalDevelopmentCorporationwithrespecttoitsMchuchumaCoalProjectaswellasitsjointventurewithSichuanHongdaGroupLtdontheLigangaIronOreProject;
• WogenPacificLtdinrespectofapre-financeagreementintheamountofUSD2millionandofftakeagreementwhichisestimatedtohaveanetpresentvalueofUSD68.9million.
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BOWMANS
Accolades
AFRICANLEGALAWARDS2016WereceivedtheawardsforBanking,FinanceandRestructuringTeamoftheYear,EmploymentTeamoftheYearandPropertyTeamoftheYear.
DEALMAKERSAWARDS2016WehavebeenidentifiedastheleadinglegaladviserinAfricabybothdealvalueandnumberoftransactions.WewerealsorankedthirdinSouthAfricaformergersandacquisitionsbydealvalue.
INTERNATIONALLAWOFFICECLIENTCHOICEAWARDSWewontheawardforSouthAfricafor2005,2006,2008,2011andagainin2015.
WHO’SWHOLEGALAWARDS2016WewerenamedSouthAfricanLawFirmoftheYear.
INDIABUSINESSLAWJOURNAL2016WewereidentifiedasoneoftheleadinginternationallawfirmsforIndiawork.
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49 Recognised Lawyers30 Recognised
Lawyers57 Recognised Lawyers
BAND1
KENYA
Banking&FinanceCommercial,Corporate&M&ARealEstate&Construction
SOUTHAFRICA
Commercial,Corporate&M&ACompetitionConstructionLabour&EmploymentProjects&InfrastructureShipping&Transport
TANZANIA
LegalMarketOverview
BAND2
KENYA
DisputeResolutionProjects&Energy
SOUTHAFRICA
Banking&FinanceDisputeResolutionInvestmentFundsRealEstateTax
TIER1KENYA
Corporate&FinancialMining
SOUTHAFRICA
CapitalMarketsCompetitionEnergyM&A
TANZANIA Energy&InfrastructureUGANDA
Energy&InfrastructureFinancial&Corporate
TIER2
KENYA
EnergyInfrastructure
SOUTHAFRICA
BankingInfrastructureMiningOil&GasProjectFinance
TANZANIA
Financial&Corporate
BAND1
KENYA
Banking&FinanceCorporate/CommercialSOUTHAFRICA
CapitalMarkets:DebtCapitalMarkets:EquityCompetitionConstructionCorporateInvestigationsCorporate/M&AEmploymentEnvironmentIT/TelecommunicationsProjects&Energy
TANZANIA
GeneralBusinessLaw
UGANDA
GeneralBusinessLaw
BAND2
MADAGASCAR
GeneralBusinessLaw
SOUTHAFRICA
Banking&FinanceDisputeResolutionMedia&BroadcastingTax
THE LEGAL 500 EMEA 2016 RANKED US IN THE FOLLOWING AREAS
IFLR1000 2017 RANKED US IN THE FOLLOWING AREAS
CHAMBERS & PARTNERS 2016 RANKED US IN THE FOLLOWING AREAS
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BOWMANS
CHARLESYOUNG HeadofMiningSectorJohannesburg,SouthAfrica T:+27116699327E:[email protected]
Key Contacts
JOHNFFOOKS HeadofFrancophoneAfricaAntananarivo,Madagascar T:+261331263523E:[email protected]
CLAIRETUCKER HeadofPublicLawandRegulatoryJohannesburg,SouthAfrica T:+27116699402E:[email protected]
EZRADAVIDS ChairmanofCorporate/M&AJohannesburg,SouthAfrica T:+27116699320E:[email protected]
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WILBERTKAPINGA ManagingPartnerDaresSalaam,Tanzania T:+255222198026E:[email protected]
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DAVIDF.K.MPANGA PartnerKampala,Uganda T:+256414254540E:[email protected]
WANDISILEMANDLANA PartnerJohannesburg,SouthAfrica T:+27116699562E:[email protected]
Toviewprofilesofourlawyers,
pleasevisitwww.bowmanslaw.com
RAINBOWFIELD DirectorNairobi,Kenya T:+254202899000E:[email protected]
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Antananarivo
T:+261202243247E:[email protected]
CapeTown
T:+27214807800E:[email protected]
DaresSalaam
T:+255222198000E:[email protected]
Durban
T:+27312650651E:[email protected]
Johannesburg
T:+27116699000E:[email protected]
Kampala
T:+256414254540E:[email protected]
Nairobi
T:+254202899000E:[email protected]
FollowusonTwitter:
@Bowmans_Law
www.bowmanslaw.com
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