UK: Mayer, Brown, Rowe & Maw LLP Advise Financiers on $75 Million Gold-Copper Mine Acquisition in Argentina
Last Updated: 17 July 2003

The Finance Group at Mayer, Brown, Rowe & Maw LLP have acted for Hypovereinsbank AG, Societe Generale and Standard Bank London Limited, the lead arrangers for a loan to Wheaton River Minerals Ltd to finance the $75 million acquisition of their interest in the Bajo de la Alumbrera copper and gold project located in Argentina.

Wheaton River, who purchased a 12.5% interest in the mine from BHP Billiton's wholly-owned subsidiary, Rio Algom Limited, now own 37.5% of the mine.

Earlier this year, the Mining Group at Mayer, Brown, Rowe & Maw LLP advised a group of international banks led by Standard Bank London Limited ("Standard Bank") in relation to the restructuring and financing of the Wassa mine in Ghana. The Group also advised on the Julietta gold mine project in the Magadan region of Russia, a deal that was awarded "European Mining Project Finance Deal of the Year" by Project Finance magazine.

Head of Finance Ian Coles advised the lead arrangers and was assisted by Morgan Carroll.

Wheaton River was advised by Gordon Stewart and Oliver Orton of Richards Butler.

For further information, please contact:

Ian Coles, Head of Finance 020 7246 6205

Angela Woodruff, Media Relations Manager 020 7782 8804

About Mayer, Brown, Rowe & Maw LLP

  • Mayer, Brown, Rowe & Maw LLP is one of the 10 largest legal practices in the world, with 13 offices worldwide, including representations in the world's major financial centres; London, Paris, Frankfurt and New York. Mayer, Brown, Rowe & Maw LLP's London office consists of over 90 partners, 300 lawyers and a total staff of nearly 600. We deliver multi-jurisdictional advice to the world's leading companies, financial institutions and multinational businesses.
  • Mayer, Brown, Rowe & Maw LLP is a combination of Mayer, Brown, Rowe & Maw LLP (an English limited liability partnership) and Mayer, Brown, Rowe & Maw (a US general partnership).

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