Clifford Chance

Clifford Chance advises JCHX on JV with Cordoba Minerals to jointly-develop Alacrán copper-gold-silver project in Colombia

Leading international law firm Clifford Chance has advised leading mining construction company JCHX Mining Management Co., Ltd. (JCHX) on the international aspects of its US$100 million acquisition of a 50% ownership interest in CMH Colombia S.A.S. (CMH), a wholly-owned subsidiary of Canadian listed mineral exploration company Cordoba Minerals Corp. (Cordoba), converting CMH into a 50:50 joint venture between JCHX and Cordoba.

CMH will own 100% of the Alacrán Project, which is set to be the largest copper mine in Colombia. The Alacrán deposit is part of the Cordoba-owned San Matias project, located within the municipality of Puerto Libertador in the south of the Córdoba region.

China Co-Managing Partner Terence Foo said, "This transaction highlights continued investor interest in the metals and mining sectors, especially because the global transition towards clean energy and the development of EVs, solar and wind power, and infrastructure rely on key metals such as copper."

Terence was supported by senior associate Kanglin Liu, associates Wanyi Yan and Jiahong Cai, and trainee Xiaohan Sun. McCarthy Tétrault and Gómez-Pinzón provided Canadian and Colombian local law advice.

Clifford Chance had previously advised JCHX on its acquisition of a 19.9% stake in Cordoba in 2019.