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Clifford Chance advises China Construction Bank on US$840 million financing for Zijin Mining's proposed acquisition of Nevsun Resources

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9 January 2019

Clifford Chance advises China Construction Bank on US$840 million financing for Zijin Mining's proposed acquisition of Nevsun Resources

Leading international law firm Clifford Chance has advised China Construction Bank as coordinator, underwriter and mandated lead arranger on the US$840 million syndicated loan financing for Zijin Mining Group Co. Ltd (Zijin)'s successful cross-border public offer for Canadian mining company Nevsun Resources Ltd. (Nevsun)

Based in Fujian, China, and listed on the Shanghai Stock Exchange (SSE) and the Hong Kong Stock Exchange (HKEX), Zijin is a mining company specialising in gold, copper, zinc and other mineral resource exploration and development and is one of the largest gold producer and the largest zinc producer in the People's Republic of China. Nevsun is a public company traded on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) and currently holds exploration rights in Serbia, Eritrea and Macedonia. The primary syndication comprises 11 PRC and international banks.

The deal was executed by a team led by Beijing partner Timothy Democratis and supported by associates Icy Li, Chengcheng Wu and Decheng Zhang, and trainee Xuechun Ruan. New York partner Daniel Winick also advised on US legal aspects.

Timothy said, "We are proud to be working with China Construction Bank and the syndicate on the financing of one of the landmark 'Belt and Road' M&A deals of 2018. It highlights our expertise in advising PRC clients on both complex cross-border acquisition financings and large-scale syndications."

高伟绅就紫金矿业收购Nevsun Resources涉及的8.4亿美元融资为中国建设银行提供法律服务

领先国际律师事务所高伟绅就紫金矿业集团有限公司(“紫金矿业”)成功跨境公开收购加拿大矿业公司Nevsun Resources Ltd. (“Nevsun”)涉及的8.4亿美元银团贷款融资,为作为协调行、承销商及受托牵头安排行的中国建设银行提供专业法律服务。

紫金矿业总部位于中国福建,于上交所及港交所两地上市,是一家以金、铜、锌等金属矿资源勘查和开发为主的大型矿业集团,是中国最大的黄金生产商和第一大矿产锌生产商。Nevsun是一家在加拿大多伦多证券交易所和美国纽约证券交易所两地上市的公司,目前在塞尔维亚、厄立特里亚和马其顿拥有若干探矿权。该交易的银团由11家中国及国际银行组成。

高伟绅北京办公室合伙人Timothy Democratis 牵头负责此次融资项目,由律师李冰吴程程张德成以及见习律师阮雪纯提供支持,此外纽约办公室合伙人Daniel Winick 亦就美国法事务提供相关法律服务。

合伙人Timothy表示,“本次交易是2018年度‘一带一路’沿线国家重大并购交易之一,我们非常有幸能参与其中,与中国建设银行及银团就相关融资事宜合作。这再次彰显了我们就复杂并购融资及大型银团贷款事宜为中国客户提供专业法律服务的领先实力。”