Allen & Overy (A&O) has advised an Australian specialist mining private equity manager on its acquisition of a majority stake in Africa’s second-largest copper mine.
The global firm advised EMR Capital on its acquisition of an 80% stake in the Lubambe copper mine in Zambia from African Rainbow Minerals and Vale for $122.5m.
EMR is a long-time A&O client, having advised the private equity outfit in its acquisition of the Golden Grove copper-zinc-lead-precious metals mine in January for $291m and the Martable gold mine in 2016 for $1bn.
Geoff Simpson, A&O Perth managing partner and global head of mining, said the firm is delighted to advice its long-standing client on acquisitions in Australia, Asia, and Africa.
“The Lubambe acquisition is the latest in a spate of purchases, demonstrating a continued strong appetite for quality mining assets with clear growth potential,” he said.
A&O’s cross-border team was led by Simpson. He was assisted by counsel Luke Nicholls and senior associate Jessica O’Hara in Perth, partner Dominic Morris in London, and partner Ka Sen Wong in Sydney.
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