News & Events

The Firm is representing Aluminum Corporation of China (Chinalco) in securing US$21 billion in loans from a syndicate of banks led by China Development Bank Limited and including The Export-Import Bank of China, Agricultural Bank of China Limited and Bank of China Limited, in connection with Chinalco’s investment in Rio Tinto, the Australian and UK minerals producer. The loans will be used for the financing of investments in convertible bonds and participation in certain commodity asset groups of Rio Tinto and Chinalco’s and its subsidiaries’ related financing requirements. Chinalco is an international diversified mineral resources company and one of the largest diversified metals and mining companies in China.

The Simpson Thacher team includes: Douglas Markel, Shaolin Luo, Liang Wang, Peng Tan, Yi Zhang and Ning Liu of the Beijing office (Corporate); Euan Gorrie, Stephen Short, Kiran Bhullar and Polly Mullan of the London office (Credit); Alan Klein and Francis Marinelli of the New York office (M&A and Securities Laws); and Peter Thomas, Brijesh Dave and Gabriel Rottman of the Washington office (Regulatory). Legal assistants Qinghong Cai, Emma Liu and Jianping Lu also provided valuable assistance.