Glencore International AG acquires interest in Marcobre S.A.C.

Client

CST Mining Group Ltd

Date

July 2011

In July 2011, Fasken Martineau advised Hong Kong listed, CST Mining Group Ltd, in connection with English law issues arising on the sale to Glencore International AG, a wholly-owned subsidiary of Glencore International plc of a 70% interest in Marcobre S.A.C., the sole owner of the Marcona Copper Property and the Mina Justa Project, for a cash consideration of US$475 million.

The team in London was lead by June Paddock with corporate associate John Burnand and taxation associate Rakesh Jhally.