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Jien Canada Mining completes US$100 million loan agreement from Ressources Quebec

Fasken
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Overview

Client

Jien Canada Mining Ltd., Jilin Jien Nickel Industry Co., Ltd. and Jilin HOROC Group Co., Ltd.

On April 13, 2015, Jien Canada Mining Ltd. completed a $100 million Loan Agreement from Ressources Quebec. Jilin Jien is a Hongqiling, China-based large-scale integrated non-ferrous metal enterprise with mining, processing, smelting, refining and chemical production. Jilin Jien is one of the two largest nickel producers in China with over 50 years’ experience in the nickel industry and is listed on the Shanghai Stock Exchange. Jilin Jien has been growing rapidly around the world with assets and mining investments in China, Canada, Australia, Indonesia, Russia, Philippines and Papua New Guinea. Jilin Jien’s indirect, wholly-owned Canadian subsidiary, Canadian Royalties Inc., owns and operates the Nunavik Nickel Project Mine located in Nunavik, Quebec, Canada. Jilin Jien was advised by Fasken Martineau with a team led by Michael Boehm, Lei Huang and Martin Racicot, and including Svetlana Samochkine and Yufei Luo.

Team

  • Martin Racicot, Partner | Banking & Finance, Montréal, QC, +1 514 397 5128, mracicot@fasken.com
  • Svetlana Samochkine, Partner | Banking & Finance, Montréal, QC, +1 514 397 5258, ssamochkine@fasken.com