Simpson Thacher Represents China Railway Materials Commercial Corporation in its Strategic Investment in African Minerals Limited
04.06.10
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The Firm recently represented China Railway Materials Commercial Corporation (“CRM”) in connection with its acquisition of 12.5% of equity ownership interest in African Minerals Limited (“AML”), a mineral exploration and development company with significant iron ore and base metal interests in Sierra Leone. The transaction is expected to be completed in mid-2010. The Firm also represented CRM in its negotiation of a 20-year sales agency agreement and a 20-year iron ore offtake agreement with AML. CRM is a large state-owned enterprise in China and one of China’s largest steel trading companies.
The international team of Simpson Thacher attorneys that worked on the transaction includes: Shaolin Luo, Liang Wang and Yi Zhang (M&A - Beijing) and Adam Signy, Clare Gaskell and Luc Jansen (M&A – London).