Experience

Zijin Mining enters US$870 million credit facility with China Construction Bank Corporation

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Overview

Client

Zijin Mining Group Co., Ltd. / Gold Mountains (H.K.) International Mining Company Limited

Gold Mountains (H.K.) International Mining Company Limited, a subsidiary of and guaranteed by Zijin Mining Group Co., Ltd., borrowed a US$840,000,000 term loan from a syndicate of 11 Chinese and international banks coordinated by China Construction Bank Corporation Fujian Branch to finance part of the approximate C$1,860,000,000 acquisition cost of Nevsun Resources Ltd. pursuant to a friendly take-over-bid launched in September 2018. Faskens acted as principal advisors to Zijin on both the acquisition and the acquisition financing with the acquisition financing team being led by Jon Holmstrom (Banking & Finance) and supported by Louise Kennedy (Banking & Finance), John Turner, Michael Boehm, Lei Huang, Janet Howard and Bradley Freelan (Securities and M&A) and Lu Chen.

Team

  • John S.M. Turner, Partner | Co-Leader, Global Mining Group and Capital Markets and Mergers & Acquisitions (CM and M&A) Group Chair, Toronto, ON, +1 416 865 4380, [email protected]
  • Bradley A. Freelan, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 865 4423, [email protected]
  • Lu Chen, Partner | Banking & Finance, Toronto, ON, +1 416 868 3483, [email protected]
John Turner Toronto Lawyer John S.M. Turner Partner | Co-Leader, Global Mining Group and Capital Markets and Mergers & Acquisitions (CM and M&A) Group Chair Toronto, ON +1 416 865 4380
Bradley Freelan Toronto Lawyer Bradley A. Freelan Partner | Mergers & Acquisitions Toronto, ON +1 416 865 4423
Lu Chen Toronto Lawyer Lu Chen Partner | Banking & Finance Toronto, ON +1 416 868 3483