Australia: Clayton Utz supports Barrick Gold on US$300 million divestment of Yilgarn South assets
Last Updated: 3 October 2013

Sydney, 2 October 2013: Clayton Utz has worked alongside global gold miner Barrick Gold Corporation ("Barrick") to help it achieve successful completion of the divestment of its Yilgarn South assets in Western Australia, to Gold Fields Limited, for a total consideration of US$300 million.

Clayton Utz's national M&A practice head John Elliott led the firm's team, which included Sydney-based senior associate Peter Debney and lawyer Angela Wen, with support from Perth-based partner Brett Cohen and lawyer Mark Joss. UBS Securities Canada Inc. and Bank of America Merrill Lynch acted as financial advisors to Barrick.

The Yilgarn South assets are comprised principally of the Granny Smith, Lawlers and Darlot mines. Clayton Utz has been a lead adviser to Canadian-based Barrick on all of its Australian corporate transactions in recent years.

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