May 19, 2017
The fifth annual Platts Global Metals Awards were announced on May 18, 2017, at an awards dinner held at Marriott Grosvenor Square in London, England. Osler was awarded “Deal of the Year” for its role in representing China Molybdenum Co., Ltd (CMOC), in its US$2.65-billion agreement to acquire Freeport-McMoRan’s indirect 56% interest in the Tenke Fungurume copper-cobalt mine.
According to Platts Insight Magazine, judges recognized “this year’s winning dealmaker for its reputation of ‘impeccable timing’: acquiring high-quality, low-cost, long-life assets at opportune times.” Judges also admired CMOC’s strategic deal in that it “picked up a high potential asset at the bottom of the cycle” and “anticipate seeing this deal’s implications as market interest in cobalt, an important element of lithium-ion batteries used to power electric vehicles, continues to increase.”
The Osler team representing CMOC was led by Marc Kushner and included Michael Budabin McQuown, Amma Anaman, Alix Morse, Douglass Dawson, Nathan Whitaker and Jillian Mulroy (Corporate); Paul Seraganian and Jennifer Lee (Tax); Shuli Rodal (Competition/Antitrust and Foreign Investment); and Andrew Herr (Financial Services).
The Platts Global Metals Awards is a competitive awards program that offers 14 categories for business and individual achievement, honouring excellence, accomplishments and top performers in the global metals industry. Representing “the best of the best,” winners were chosen by an independent panel of judges, including former regulators, past heads of major metals companies, leading academics and international metals experts. More than 100 nominations were submitted to this year’s awards program, which were tapered to a shortlist of finalists from 18 countries.
View more information on the 2017 Platts Global Metals Awards.